What plan governed Wendell Reilly’s 508-share Lamar (LAMR) stock grant?

The 508-share grant was made under Lamar’s 1996 Equity Incentive Plan. The footnote specifies that this plan authorized the award, with half the shares vesting immediately and the remainder vesting at the end of his one-year director term.

Director Reilly gets 508-share stock award at Lamar (NASDAQ: LAMR)

Q: How do the 508 granted Lamar (LAMR) shares vest for Wendell Reilly?

The 508-share grant vests in two equal parts. The filing states that 254 shares vested immediately on the grant date, while the remaining 254 shares will vest on the last day of Reilly’s one-year term as a director of Lamar Advertising.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Reilly Wendell reported acquisition or exercise transactions in this Form 4 filing.

Lamar Advertising director Wendell Reilly reported an equity grant of Class A Common Stock. He received 508 shares as a grant or award at a price of $0.0000 per share under the company’s 1996 Equity Incentive Plan.

According to the footnote, 254 of these shares vested immediately, and the remaining 254 will vest on the last day of his one-year term as director. After this grant, Reilly holds 7,672 shares directly and an additional 5,000 shares are held indirectly by his spouse.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Reilly Wendell

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	508	$0.00	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 7,672 shares (Direct, null); Class A Common Stock — 5,000 shares (Indirect, By Spouse)

Footnotes (1)

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Key Figures

Equity grant size: 508 shares Grant price per share: $0.0000 per share Direct holdings after grant: 7,672 shares +3 more

6 metrics

Equity grant size 508 shares Class A Common Stock grant to director Wendell Reilly

Grant price per share $0.0000 per share Awarded under 1996 Equity Incentive Plan

Direct holdings after grant 7,672 shares Class A Common Stock held directly after transaction

Indirect spouse holdings 5,000 shares Class A Common Stock held indirectly by spouse

Immediately vested portion 254 shares Vested on grant date from 508-share award

Deferred vesting portion 254 shares Vest on last day of one-year director term

Key Terms

1996 Equity Incentive Plan, Grant, award, or other acquisition, Class A Common Stock, vesting

4 terms

1996 Equity Incentive Plan financial

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

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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.

vesting financial

"254 shares were fully vested on the date of grant, and the remaining 254 shares vest"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Form 4 Insider Transactions: What Each Field Means →

05/18/2026 - 04:04 PM

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^*

Reilly Wendell

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/14/2026		A		508⁽¹⁾	A	$0	7,672	D
Class A Common Stock								5,000	I	By Spouse

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The securities reported were granted pursuant to the Issuer's 1996 Equity Incentive Plan. 254 shares were fully vested on the date of grant, and the remaining 254 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Wendell Reilly report in this Lamar (LAMR) Form 4 filing?

Wendell Reilly reported receiving 508 shares of Class A Common Stock as an equity grant. The award was made under Lamar’s 1996 Equity Incentive Plan and reflects compensation rather than an open-market purchase or sale of shares.

How many Lamar (LAMR) shares does Wendell Reilly hold after this grant?

After the grant, Wendell Reilly directly holds 7,672 shares of Lamar Class A Common Stock. The filing also notes an additional 5,000 shares held indirectly through his spouse, giving a fuller picture of his reported ownership position.

How do the 508 granted Lamar (LAMR) shares vest for Wendell Reilly?

The 508-share grant vests in two equal parts. The filing states that 254 shares vested immediately on the grant date, while the remaining 254 shares will vest on the last day of Reilly’s one-year term as a director of Lamar Advertising.

Was Wendell Reilly’s Lamar (LAMR) Form 4 transaction an open-market trade?

No, the Form 4 reflects an equity grant, not an open-market trade. The 508 shares were granted at $0.0000 per share under Lamar’s 1996 Equity Incentive Plan, indicating compensation rather than a discretionary market buy or sell.