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

Signature
/s/ James McIlwain, as attorney-in-fact
Stock symbol
LAMR
Transactions as of
Feb 21, 2024
Transactions value $
$0
Form type
4
Date filed
2/23/2024, 04:02 PM
Previous filing
Sep 6, 2023
Next filing
Mar 8, 2024

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 -2.2K -10% $0.00 19.8K Feb 21, 2024 Class A Common Stock 2.2K By Brawley Capital Partners, L.LC. F1, F2, F3
holding LAMR LTIP Units 22K Feb 21, 2024 Class A Common Stock 22K 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.