Lamar Advertising (LAMR) CFO sells 10,000 Class A shares

Rhea-AI Filing Summary

Lamar Advertising Company executive Jay LeCoryelle Johnson, the CFO, Treasurer and EVP, sold 10,000 shares of Class A Common Stock in an open-market transaction. The sale occurred on May 11, 2026, at a price of $157.02 per share and reduced his directly held shares to zero.

Insider Trade Summary

Net Seller: 10,000 shares ($1,570,200)

Net Sell 1 txn

Insider Johnson Jay LeCoryelle

Role CFO, Treasurer, EVP

Sold 10,000 shs ($1.57M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	10,000	$157.02	$1.57M

Holdings After Transaction: Class A Common Stock — 0 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 10,000 shares Sale price: $157.02 per share Shares after transaction: 0 shares +1 more

4 metrics

Shares sold 10,000 shares Class A Common Stock sold on May 11, 2026

Sale price $157.02 per share Open-market sale of Class A Common Stock

Shares after transaction 0 shares Total directly held Class A Common Stock following sale

Net shares sold 10,000 shares Net-sell direction from transaction summary

Key Terms

Class A Common Stock, open-market sale, transaction code "S", Form 4, +1 more

5 terms

Class A Common Stock financial

"security_title: "Class A Common Stock""

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.

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

transaction code "S" financial

"transaction_code_description: "Sale in open market or private transaction""

Form 4 regulatory

"insider filing data (Form 4) summarizing the transaction"

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.

net-sell financial

"netBuySellDirection: "net-sell" in transactionSummary"

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^*

Johnson Jay LeCoryelle

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO, Treasurer, EVP

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

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	05/11/2026		S		10,000	D	$157.02	0	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:

	/s/ James McIlwain, as attorney-in-fact	05/12/2026
	** 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 CFO Jay LeCoryelle Johnson?

Jay LeCoryelle Johnson, Lamar Advertising’s CFO, sold 10,000 shares of Class A Common Stock. The open-market sale was reported on a Form 4 and reflects a change in his direct equity position with the company.

How many Lamar Advertising (LAMR) shares did the CFO sell and at what price?

The CFO sold 10,000 shares of Lamar Advertising Class A Common Stock at $157.02 per share. This single open-market transaction is the only trade disclosed in the Form 4 insider filing provided.

What is the CFO’s Lamar Advertising (LAMR) share ownership after this Form 4 sale?

Following the transaction, the CFO’s directly held Class A Common Stock position is reported as zero shares. The Form 4 shows 0.0000 total shares following the transaction, indicating no remaining directly owned shares in this security class.

Was the Lamar Advertising (LAMR) CFO transaction a buy or a sell?

The transaction was a sale of shares by the CFO. The Form 4 classifies it as an open-market sale with transaction code “S” and transaction_direction marked as “sell” and transaction_action as “open-market sale.”

What type of security did the Lamar Advertising (LAMR) CFO trade in this Form 4?

The CFO traded Lamar Advertising’s Class A Common Stock. The Form 4 identifies the security title as “Class A Common Stock” and categorizes the transaction as a non-derivative equity sale on the open market.