OUTFRONT Media EVP Awarded 9,014 RSUs – Minimal Dilution Impact

OUTFRONT Media Inc. (OUT) – Form 4 insider filing EVP & Chief Revenue Officer Mark E. Bonanni received 9,014 Restricted Share Units (RSUs) on 1 July 2025.

Rhea-AI Filing Summary

OUTFRONT Media Inc. (OUT) – Form 4 insider filing

EVP & Chief Revenue Officer Mark E. Bonanni received 9,014 Restricted Share Units (RSUs) on 1 July 2025. The RSUs carry a $0 exercise price and will convert into an equal number of common shares, vesting in two equal annual tranches beginning 1 July 2026. No open-market purchases or sales of common stock were reported, and total derivative holdings now stand at 9,014 RSUs, held directly.

This grant is a routine equity-based compensation award designed to incentivise and retain senior management. The share count represents an immaterial fraction of OUTFRONT’s outstanding shares and is therefore unlikely to have a dilutive impact. Because the transaction was an award, not a purchase funded with personal capital, it signals retention rather than opportunistic buying.

Positive

• Alignment of incentives: Two-year vesting schedule ties executive compensation to future share performance, encouraging long-term value creation.

Negative

• Potential dilution: Although immaterial, the issuance of 9,014 new shares adds to share count upon vesting.

Insights

Securities Analyst

TL;DR: Small, routine RSU grant; minimal dilution, neutral signal.

The filing shows an automatic equity award of 9,014 RSUs to EVP/CRO Mark Bonanni. With OUTFRONT’s share count in the hundreds of millions, the award is <1 bps of shares outstanding, so dilution is de minimis. Because the executive did not purchase shares with personal funds, the grant does not constitute a bullish insider buy. However, multi-year vesting aligns management incentives with long-term shareholder value. Overall impact on valuation, liquidity, or governance is negligible.

Insider Trade Summary

Grant/Award: 9,014 shares

Grant/Award 1 txn

Insider Bonanni Mark Emilio

Role EVP, CRO, Commercial

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Units	9,014	$0.00	$0.00

Holdings After Transaction: Restricted Share Units — 9,014 contracts (Direct)

Footnotes (2)

1. F1. The restricted share units are settled by delivery of a corresponding number of shares of common stock of OUTFRONT Media Inc. upon vesting.
2. F2. These restricted share units vest in two equal annual installments beginning on July 1, 2026.

FAQ

What did OUTFRONT Media (OUT) report in the latest Form 4?

EVP & CRO Mark Bonanni received 9,014 RSUs on 1 Jul 2025 with two-year vesting.

Is the insider transaction a purchase or an award?

It is an equity award; no cash was used, and the RSUs were granted at $0 cost.

When will the RSUs vest?

The units vest in two equal annual installments starting 1 Jul 2026.

Does the filing indicate any share sales by the executive?

No; no common shares were sold or purchased in the reported period.

How many derivative securities does the executive now own?

Following the grant, the executive directly owns 9,014 RSUs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/02/2025 - 08:46 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bonanni Mark Emilio

(Last) (First) (Middle)

C/O OUTFRONT MEDIA INC.

90 PARK AVENUE, 9TH FLOOR

(Street)

NEW YORK NY 10016

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
OUTFRONT Media Inc. [ OUT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CRO, Commercial

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	(1)	07/01/2025		A		9,014		07/01/2026(2)	(2)	Common Stock	9,014	$0	9,014	D

Explanation of Responses:

1. The restricted share units are settled by delivery of a corresponding number of shares of common stock of OUTFRONT Media Inc. upon vesting.

2. These restricted share units vest in two equal annual installments beginning on July 1, 2026.

Remarks:

	/s/ Louis Capocasale, Attorney-in-fact for Mark E. Bonanni	07/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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