Jay LeCoryelle Johnson - Mar 1, 2023 Form 4 Insider Report for LAMAR ADVERTISING CO/NEW (LAMR)

Signature
/s/ James McIlwain, as attorney-in-fact
Stock symbol
LAMR
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/3/2023, 03:04 PM
Previous filing
Aug 16, 2022
Next filing
Mar 21, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LAMR LTIP Units Award $0 +22K $0.00 22K Mar 1, 2023 Class A Common Stock 22K Direct F1
holding LAMR LTIP Units 22K Mar 1, 2023 Class A Common Stock 22K By Westview Capital Partners, LLC F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These LTIP Units ("LTIP Units") of Lamar Advertising Limited Partnership (the "OP"), the operating partnership of Lamar Advertising Company ("Lamar"), were issued under Lamar's 1996 Equity Incentive Plan, as amended. LTIP Units are a class of units of the OP that, following the occurrence of certain events and upon vesting, convert automatically into an equivalent number of common partnership units of the OP ("Common Units"). Common Units are redeemable by the holder for cash or Class A common stock of Lamar on a one-for-one basis, at Lamar's election. These LTIP Units are subject to forfeiture based on the achievement of financial performance goals by Lamar, and will vest upon certification of Lamar's financial results for 2023, expected to occur in February 2024, subject to the reporting person's continued employment at Lamar.
F2 These LTIP Units of the OP were issued under Lamar's 1996 Equity Incentive Plan, as amended, and following the occurrence of certain events and upon vesting, convert automatically into an equivalent number of Common Units. The Common Units are redeemable by the holder for cash or Class A common stock of Lamar on a one-for-one basis, at Lamar's election.
F3 The reporting person is a member and manager of Westview Capital Partners, LLC.