Lamar Advertising (LAMR) director receives 644-share equity award under incentive plan

Rhea-AI Filing Summary

Fletcher Nancy reported acquisition or exercise transactions in this Form 4 filing.

Lamar Advertising director Nancy Fletcher received a grant of 644 shares of Class A Common Stock as equity compensation. The award carried no cash purchase price and was issued under the company’s 1996 Equity Incentive Plan. Following the grant, she directly holds 7,053 shares. Half of the grant vested immediately, and the remaining 322 shares vest at the end of her one-year director term, aligning compensation with continued board service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Fletcher Nancy

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	644	$0.00	--

Holdings After Transaction: Class A Common Stock — 7,053 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 644 shares Price per share: $0.0000 per share Post-grant holdings: 7,053 shares +2 more

5 metrics

Shares granted 644 shares Class A Common Stock award on May 14, 2026

Price per share $0.0000 per share Stated grant price for equity award

Post-grant holdings 7,053 shares Total Class A shares directly owned after transaction

Immediately vested portion 322 shares Fully vested on grant date under 1996 Equity Incentive Plan

Deferred vesting portion 322 shares Vest on last day of one-year director term

Key Terms

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

4 terms

1996 Equity Incentive Plan financial

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

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.

vested financial

"322 shares were fully vested on the date of grant, and the remaining 322 shares vest..."

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

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^*

Fletcher Nancy

(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		644(1)	A	$0	7,053	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. 322 shares were fully vested on the date of grant, and the remaining 322 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 did Lamar Advertising (LAMR) director Nancy Fletcher report in this Form 4?

Nancy Fletcher reported receiving 644 shares of Lamar Advertising Class A Common Stock as an equity grant. The award is compensation, not an open-market purchase, and was made under the company’s 1996 Equity Incentive Plan at no cash cost to her.

Was Nancy Fletcher’s Lamar Advertising (LAMR) share grant an open-market purchase?

No, the 644 shares reported were a compensation grant, not an open-market purchase. They were awarded under Lamar Advertising’s 1996 Equity Incentive Plan at a stated price of $0.0000 per share, reflecting a stock-based award rather than a market trade.

How many Lamar Advertising (LAMR) shares does Nancy Fletcher hold after this grant?

After the 644-share grant, Nancy Fletcher directly holds 7,053 shares of Lamar Advertising Class A Common Stock. This total reflects her updated direct ownership position immediately following the equity award reported in the Form 4 filing.

How does the vesting schedule work for Nancy Fletcher’s new Lamar (LAMR) shares?

Of the 644 granted shares, 322 vested immediately on the grant date. The remaining 322 shares are scheduled to vest on the last day of Nancy Fletcher’s one-year term as a director, tying full vesting to her continued board service.

Under which plan were Nancy Fletcher’s Lamar Advertising (LAMR) shares granted?

The 644-share grant to Nancy Fletcher was issued under Lamar Advertising’s 1996 Equity Incentive Plan. This plan provides for stock-based awards to directors and other participants, aligning their interests with shareholders through equity compensation rather than cash.