[Form 3] OUTFRONT Media Inc. Initial Statement of Beneficial Ownership
Rhea-AI Filing Summary
OUTFRONT Media Inc. (NYSE: OUT) filed a Form 3 reporting the initial beneficial ownership of Mark E. Bonanni, newly listed as Executive Vice President & Chief Revenue Officer, for the event dated 01 July 2025.
The filing shows Bonanni holds 8,296 shares of OUT common stock directly. He also owns 15,458 Restricted Share Units (RSUs) that convert to common shares upon vesting:
- 1,992 RSUs vest in three equal annual installments beginning 20 Feb 2024.
- 8,625 RSUs vest in three equal annual installments beginning 20 Feb 2025.
- 4,841 RSUs vest in three equal annual installments beginning 20 Feb 2026.
All holdings are classified as Direct (D) ownership. No purchases, sales or option exercises were disclosed. A power-of-attorney (Exhibit 24.1) authorises the signatory for this routine insider-ownership disclosure. The filing is mainly informational and does not indicate any immediate financial impact on the company.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine Form 3 reveals modest insider stake; little market impact expected.
This Form 3 simply registers Mark Bonanni as an insider with 8,296 directly held shares and 15,458 RSUs. The disclosure aligns with SEC requirements for new or newly promoted officers. While the equity package encourages management–shareholder alignment, the position is too small and involves no transaction to materially influence valuation or signal strategic change. Investors should view the filing as neutral housekeeping rather than a catalyst.