Lamar Advertising Co SEC Filings

Lamar Advertising Co. insider Jay LeCoryelle Johnson, who is listed as CFO, Treasurer and EVP and a member/manager of Westview Capital Partners, LLC, reported multiple sales of Class A common stock on 08/22/2025. The filing shows blocks of 8,120 shares sold at a weighted-average price of $123.003, 6,700 shares sold at $124.44, and 7,180 shares sold at $125.59, plus an additional disposition of 10,000 shares (no price listed in the form).

Following these transactions, the filing reports varying post-sale indirect holdings attributable to Westview Capital Partners, LLC: 13,880 shares, 7,180 shares, and 0 shares for the respective reported sales. The report is signed by an attorney-in-fact on 08/25/2025.

Lamar Advertising Co (LAMR) filed a Form 144 notifying a proposed sale of 22,000 Class A common shares through J.P. Morgan Securities LLC on 08/22/2025. The filing states an aggregate market value for the planned sale of $2,731,665 and reports 86,798,604 shares outstanding. The shares were acquired on 08/19/2025 in a transaction described as "Partnership Inits" from the issuer, with payment recorded on 08/19/2025. No securities were reported sold by the seller in the past three months. The filer affirms there is no undisclosed material adverse information and notes the legal warning about intentional misstatements.

Johnson Jay LeCoryelle, identified as a director and officer (CFO, Treasurer, EVP) of Lamar Advertising Company (LAMR), reported transactions on 08/19/2025. The filing shows 22,000 Class A common shares were acquired indirectly via conversion of LTIP Units into Common Units and subsequent redemption into Class A shares through Westview Capital Partners, LLC, at a stated price of $0. The report also records a disposition of 10,000 Class A shares. Additional entries disclose conversions and transfers of LTIP Units and Common Units involving Brawley Capital Partners, L.L.C. and Blair Road, L.L.C., and a reported disposition of 33,600 LTIP Units. The form is signed by an attorney-in-fact on 08/20/2025.

Lamar Advertising (LAMR) Q2-25 10-Q highlights:

• Revenue: $579.3 m, up 2.5% YoY; six-month revenue $1.085 bn, up 2.0%.
• Profitability: Net income rose 12.7% to $155.0 m; diluted EPS $1.52 vs $1.34. Six-month EPS $2.87 (+36%). Operating margin improved to 34.1% from 32.6%.
• Costs: Interest expense fell 8% YoY to $40.7 m; depreciation & amortization up 1.2% to $78.1 m.
• Cash flow: YTD operating cash flow $357.2 m (-3%); capex $68.1 m; acquisitions $87.1 m.
• Balance sheet: Cash $55.7 m; total debt $3.38 bn (up $150 m YTD); leverage well inside covenant (secured debt ratio <4.5×).
• Shareholder returns: Common dividends raised to $1.55/sh (vs $1.30); YTD payout $3.10/sh. Repurchased 1.45 m shares for $157.9 m.
• Strategic transaction: Sold 20% stake in Vistar Media to T-Mobile, recording a $67.8 m pre-tax gain and $115.1 m cash proceeds.

Overall, modest top-line growth, efficiency gains and the Vistar windfall drove double-digit EPS growth despite higher dividends and buybacks. Debt increased but liquidity remains solid with $307 m undrawn on the revolver.