Jay LeCoryelle Johnson - 21 Feb 2024 Form 4 Insider Report for LAMAR ADVERTISING CO/NEW (LAMR)

Role
CFO, Treasurer, EVP
Signature
/s/ James McIlwain, as attorney-in-fact
Issuer symbol
LAMR
Transactions as of
21 Feb 2024
Net transactions value
$0
Form type
4
Filing time
23 Feb 2024, 16:02:52 UTC
Previous filing
06 Sep 2023
Next filing
08 Mar 2024
SEC
View on sec.gov

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 Disposed to Issuer $0 -2,200 -10% $0.000000 19,800 21 Feb 2024 Class A Common Stock 2,200 By Brawley Capital Partners, L.LC. F1, F2, F3
holding LAMR LTIP Units 22,000 21 Feb 2024 Class A Common Stock 22,000 By Westview Capital Partners, LLC F4, F5
* 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 were originally awarded subject to forfeiture based on the achievement of performance goals for 2023, as determined by Lamar's Compensation Committee.
F2 Amount represents the portion of the award (including dividends) forfeited when performance results for 2023 were determined by the Compensation Committee on February 21, 2024.
F3 The reporting person is a member and manager of Brawley Capital Partners, L.L.C.
F4 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.
F5 The reporting person is a member and manager of Westview Capital Partners, LLC.