Lamar Advertising (LAMR) director receives 542-share equity grant under incentive plan

Rhea-AI Filing Summary

Thompson Elizabeth Mary reported acquisition or exercise transactions in this Form 4 filing.

Lamar Advertising Company director Elizabeth Mary Thompson received an equity compensation grant of 542 shares of Class A Common Stock. The award was issued at no cash cost to her under the company’s 1996 Equity Incentive Plan. Of these shares, 271 vested immediately on the grant date, and the remaining 271 will vest on the last day of her one-year term as director. Following this grant, she directly holds a total of 5,608 shares of Lamar Advertising Class A Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Thompson Elizabeth Mary

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	542	$0.00	--

Holdings After Transaction: Class A Common Stock — 5,608 shares (Direct, null)

Footnotes (1)

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Key Figures

Equity grant size: 542 shares Shares vested immediately: 271 shares Shares vesting later: 271 shares +2 more

5 metrics

Equity grant size 542 shares Class A Common Stock awarded to director

Shares vested immediately 271 shares Fully vested on grant date

Shares vesting later 271 shares Vest on last day of one-year director term

Post-transaction holdings 5,608 shares Director’s direct Class A Common Stock after grant

Grant price $0.00 per share Compensation grant, not market purchase

Key Terms

Class A Common Stock, 1996 Equity Incentive Plan, vest, Form 4

4 terms

Class A Common Stock financial

"The securities reported were Class A Common Stock granted to the director."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

1996 Equity Incentive Plan financial

"The securities reported were granted pursuant to the Issuer's 1996 Equity Incentive Plan."

vest financial

"271 shares were fully vested on the date of grant, and the remaining 271 shares vest later."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Form 4 regulatory

"Insider activity was reported on a Form 4 filing summarizing the grant."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Thompson Elizabeth Mary

(Last) (First) (Middle)

5321 CORPORATE BOULEVARD

(Street)

BATON ROUGE LOUISIANA 70808

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LAMAR ADVERTISING CO/NEW [ LAMR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/14/2026		A		542(1)	A	$0	5,608	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The securities reported were granted pursuant to the Issuer's 1996 Equity Incentive Plan. 271 shares were fully vested on the date of grant, and the remaining 271 shares vest on the last day of the Reporting Person's one-year term as director of the Issuer.

	/s/ James McIlwain, at attorney-in-fact	05/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Lamar Advertising (LAMR) report for Elizabeth Mary Thompson?

Lamar Advertising reported that director Elizabeth Mary Thompson received a grant of 542 shares of Class A Common Stock as equity compensation, increasing her direct holdings to 5,608 shares after the transaction, according to the Form 4 filing details.

How many Lamar Advertising (LAMR) shares did the director receive and at what price?

Elizabeth Mary Thompson received 542 shares of Lamar Advertising Class A Common Stock at a stated price of $0.00 per share, reflecting a compensation grant rather than an open-market purchase, as disclosed in the Form 4 insider transaction record.

How do the Lamar Advertising (LAMR) director’s new shares vest?

Of the 542 granted shares, 271 vested immediately on the grant date, and the remaining 271 will vest on the last day of Elizabeth Mary Thompson’s one-year term as director, following the vesting schedule described in the footnote to the award.

What is Elizabeth Mary Thompson’s total Lamar Advertising (LAMR) shareholding after the grant?

After receiving the 542-share equity award, Elizabeth Mary Thompson directly holds 5,608 shares of Lamar Advertising Class A Common Stock, as reported in the Form 4, which summarizes her position following the compensation-related acquisition.

Under which plan was the Lamar Advertising (LAMR) equity grant issued to the director?

The 542-share grant to director Elizabeth Mary Thompson was issued under Lamar Advertising’s 1996 Equity Incentive Plan, a company program that provides equity awards as part of director and employee compensation packages, according to the Form 4 footnote.