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 |
Id | Content |
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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. |