Johnson Jay LeCoryelle 4
4 · LAMAR ADVERTISING CO/NEW · Filed Mar 4, 2026
Insider Transaction Report
Form 4
Johnson Jay LeCoryelle
CFO, Treasurer, EVP
Transactions
- Exercise/Conversion
Class A Common Stock
[F1][F2]2026-03-02+1,260→ 1,260 total(indirect: By LLC) - Exercise/Conversion
LTIP Units
[F3][F4][F1][F2]2026-03-02−1,260→ 18,540 total(indirect: By LLC)→ Class A Common Stock (1,260 underlying) - Exercise/Conversion
Common Units
[F5][F1][F2]2026-03-02+1,260→ 1,260 total(indirect: By LLC)→ Class A Common Stock (1,260 underlying) - Exercise/Conversion
Common Units
[F5][F1][F2]2026-03-02−1,260→ 0 total(indirect: By LLC)→ Class A Common Stock (1,260 underlying)
Holdings
- 10,000
Class A Common Stock
- 21,860(indirect: By Brawley Capital Partners, L.L.C.)
LTIP Units
[F6][F7]→ Class A Common Stock (21,860 underlying) - 33,600(indirect: By Blair Road, L.L.C.)
LTIP Units
[F6][F8]→ Class A Common Stock (33,600 underlying)
Footnotes (8)
- [F1]These long-term incentive plan units ("LTIP Units") of Lamar Advertising Limited Partnership (the "OP"), the operating partnership of Lamar Advertising Company ("Lamar"), were converted into common partnership units of the OP ("Common Units"), and the Common Units were redeemed for an equal number of shares of Lamar's Class A Common Stock in accordance with the OP's partnership agreement.
- [F2]The reporting person is a member and manager of Westview Capital Partners, LLC.
- [F3]Represents LTIP Units in the OP. The LTIP Units were issued pursuant to Lamar's 1996 Equity Incentive Plan, as amended.
- [F4]As described in the OP's partnership agreement, vested LTIP Units 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]Represents Common Units in the OP. Each Common Unit may be redeemed by the holder for cash or Class A common stock of Lamar on a one-for-one basis, at Lamar's election.
- [F6]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.
- [F7]The LTIP Units previously held directly by the reporting person were transferred to Brawley Capital Partners, L.L.C. on March 3, 2026. The reporting person is a member and manager of Brawley Capital Partners, L.L.C.
- [F8]The reporting person is a member and manager of Blair Road, L.L.C.
Signature
/s/ James McIlwain, as attorney-in-fact|2026-03-04