[Form 3] OUTFRONT Media Inc. Initial Statement of Beneficial Ownership
Rhea-AI Filing Summary
OUTFRONT Media director Nicolle Pangis submitted an initial Form 3 disclosing that she does not beneficially own any OUT shares. The filing was made by one reporting person and includes Exhibit 24.1 (Power of Attorney). The Form is signed by an attorney-in-fact on behalf of the reporting person, and no derivative or non-derivative holdings are reported.
Positive
- None.
Negative
- None.
Insights
TL;DR: Initial Form 3 filed for an OUT director showing no beneficial ownership, indicating compliance with Section 16 reporting.
The filing documents an initial Section 16 disclosure by a company director and explicitly states that no non-derivative or derivative securities are beneficially owned. From a compliance standpoint, the presence of Exhibit 24.1 (Power of Attorney) and a signed submission by an attorney-in-fact demonstrate procedural adherence to reporting requirements. There are no holdings to analyze for potential insider trades or scheduled disclosures.
TL;DR: Director listed with no reported holdings; governance impact is neutral absent ownership or transactions.
The disclosure that a director holds no beneficial ownership of OUT stock is a neutral governance signal. It eliminates immediate conflicts of interest tied to equity holdings but also means the director lacks direct equity alignment with shareholders. There are no reported options, warrants, or convertible instruments to evaluate. Overall, the filing is a routine initial disclosure without material investor impact.