03/04/2026 | Press release | Distributed by Public on 03/04/2026 15:12
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| LTIP Units(3) | (4) | 03/02/2026 | M(1) | 1,260 | (4) | (3)(4) | Class A Common Stock | 1,260 | $ 0 (1) | 18,540 | I | By Westview Capital Partners, LLC(2) | |||
| Common Units | (5) | 03/02/2026 | M(1) | 1,260 | (5) | (5) | Class A Common Stock | 1,260 | $ 0 (1)(5) | 1,260 | I | By Westview Capital Partners, LLC(2) | |||
| Common Units | (5) | 03/02/2026 | M(1) | 1,260 | (5) | (5) | Class A Common Stock | 1,260 | $ 0 (1)(5) | 0 | I | By Westview Capital Partners, LLC(2) | |||
| LTIP Units(6) | (6) | (6) | (6) | Class A Common Stock | 21,860 | 21,860 | I | By Brawley Capital Partners, L.L.C.(7) | |||||||
| LTIP Units(6) | (6) | (6) | (6) | Class A Common Stock | 33,600 | 33,600 | I | By Blair Road, L.L.C.(8) | |||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Johnson Jay LeCoryelle 5321 CORPORATE BOULEVARD BATON ROUGE, LA 70808 |
CFO, Treasurer, EVP | |||
| /s/ James McIlwain, as attorney-in-fact | 03/04/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | 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. |
| (2) | The reporting person is a member and manager of Westview Capital Partners, LLC. |
| (3) | Represents LTIP Units in the OP. The LTIP Units were issued pursuant to Lamar's 1996 Equity Incentive Plan, as amended. |
| (4) | 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. |
| (5) | 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. |
| (6) | 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. |
| (7) | 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. |
| (8) | The reporting person is a member and manager of Blair Road, L.L.C. |