Jay LeCoryelle Johnson - Mar 2, 2022 Form 4 Insider Report for LAMAR ADVERTISING CO/NEW (LAMR)

Role: CFO, Treasurer, EVP
Signature: /s/ James McIlwain, as attorney-in-fact
Stock symbol: LAMR
Transactions as of: Mar 2, 2022
Transactions value $: -$154,996
Form type: 4
Date filed: 3/4/2022, 03:03 PM
Previous filing: Feb 24, 2022
Next filing: Mar 30, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LAMR	Class A Common Stock	Sale	-$22.2K	-206	-0.66%	$107.78	31.2K	Mar 2, 2022	Direct	F1
transaction	LAMR	Class A Common Stock	Sale	-$122K	-1.12K	-3.58%	$108.97	30.1K	Mar 2, 2022	Direct	F2
transaction	LAMR	Class A Common Stock	Sale	-$11K	-100	-0.33%	$109.59	30K	Mar 2, 2022	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $107.26 to $107.87 inclusive. The reporting person undertakes to provide to Lamar Advertising Company ("Lamar"), any security holder of Lamar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F2	The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $108.54 to $109.41 inclusive. The reporting person undertakes to provide to Lamar Advertising Company ("Lamar"), any security holder of Lamar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote 2.

Content

The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $107.26 to $107.87 inclusive. The reporting person undertakes to provide to Lamar Advertising Company ("Lamar"), any security holder of Lamar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $108.54 to $109.41 inclusive. The reporting person undertakes to provide to Lamar Advertising Company ("Lamar"), any security holder of Lamar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote 2.