SCHEDULE: FMR LLC & Abigail Johnson Boost Outfront Media Stake to 13.7%
Schedule 13G Amendment
FMR LLC and Abigail P. Johnson have reported an aggregate beneficial ownership of 13.7% of Outfront Media Inc.'s common stock, totaling 22,930,093 shares.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 22,930,093 shares of Outfront Media Inc. common stock.
- This represents 13.7% of the total outstanding common stock.
- FMR LLC holds sole voting power over 21,492,878 shares and sole dispositive power over 22,930,093 shares.
- Abigail P. Johnson holds sole dispositive power over 22,930,093 shares, with no sole or shared voting power directly.
- The shares were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing control of Outfront Media Inc.
- FMR LLC is classified as a parent holding company, and Abigail P. Johnson is an individual.
- Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater.
- Members of the Johnson family, including Abigail P. Johnson, are the predominant owners of FMR LLC's Series B voting common shares, forming a controlling group with respect to FMR LLC.
Sentiment
Score: 6
Explanation: The filing indicates a substantial, non-activist institutional ownership stake by FMR LLC and Abigail P. Johnson in Outfront Media Inc., which can be viewed as a vote of confidence. However, it does not contain operational or financial performance data.
Positives
- The substantial stake held by FMR LLC and Abigail P. Johnson demonstrates significant institutional investment in Outfront Media Inc.
- Increased institutional ownership by a major investment firm like FMR LLC can signal confidence in the company's long-term prospects.
Risks
- No specific risks related to the issuer's operations or financial health are disclosed in this beneficial ownership filing.
- The filing explicitly states that the securities were not acquired or held for the purpose of changing or influencing control of the issuer, mitigating risks associated with activist investor involvement.
Future Outlook
NA
Management Comments
- The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.
Industry Context
NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director, Chairman, and Chief Executive Officer of FMR LLC | NA | Abigail P. Johnson | NA | NA |
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake provides transparency regarding the ownership structure and may influence investor perception of the company's stability and attractiveness.
Key Dates
| Date | Description |
|---|---|
| January 3, 2023 | Effective date of Power of Attorney for FMR LLC |
| January 10, 2023 | Date of Schedule 13G filing by FMR LLC where Power of Attorney is incorporated by reference |
| January 26, 2023 | Effective date of Power of Attorney for Abigail P. Johnson |
| January 31, 2023 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney is incorporated by reference |
| 09/30/2025 | Date of event which requires filing of this statement |
| 11/04/2025 | Signature date for FMR LLC and Abigail P. Johnson |
Keywords
Outfront Media Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional ownership, SEC filing, investment
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