Lamar Advertising CFO-linked firm sells 5,076 shares

LAMR reported two sales of its Class A Common Stock by Westview Capital Partners, LLC, whose member and manager is CFO, Treasurer and EVP Jay LeCoryelle Johnson.

Available on EDGAR 11/10/2026 - 04:09 PM EST Accepted by SEC EDGAR 11/10/2026 - 04:08 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

LAMR reported two sales of its Class A Common Stock by Westview Capital Partners, LLC, whose member and manager is CFO, Treasurer and EVP Jay LeCoryelle Johnson. On November 9, 2026, Westview sold 5,076 shares at a weighted-average price of $157.1480 per share, with 2,524 shares remaining afterward. A second sale of 2,524 shares was reported at a weighted-average price of $156.4523 per share, leaving zero shares reported afterward. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Seller: 7,600 shares

Net Sell 2 txns

Insider Johnson Jay LeCoryelle

Role CFO, Treasurer, EVP

Sold 7,600 shs ($1.19M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1, F2	5,076	$157.148	$798K
Sale	Class A Common Stock F3, F2	2,524	$156.4523	$395K

Holdings After Transaction: Class A Common Stock — 2,524 shares (Indirect, ByWestview Capital Partners, LLC); Class A Common Stock — 0 shares (Indirect, By Westview Capital Partners, LLC)

Footnotes (3)

1. F1. The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $157.67 to $156.68 inclusive. The reporting person undertakes to provide to Lamar Advertising Company ("Lamar"), any security holder of Lamar, or the staff of the Securities and Exhange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote 1.
2. F2. The reporting person is a member and manager of Westview Capital Partners, LLC.
3. F3. The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $156.55 to $156.44 inclusive. The reporting person undertakes to provide to Lamar, any security holder of Lamar, or the staff of the Securities and Exhange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote 3.

Key Figures

Shares sold in first transaction: 5,076 shares Weighted-average price in first transaction: $157.1480 per share Shares following first transaction: 2,524 shares +3 more

6 metrics

Shares sold in first transaction 5,076 shares November 9, 2026

Weighted-average price in first transaction $157.1480 per share November 9, 2026

Shares following first transaction 2,524 shares Reported after the November 9, 2026 transaction

Shares sold in second transaction 2,524 shares November 9, 2026

Weighted-average price in second transaction $156.4523 per share November 9, 2026

Shares following second transaction 0 shares Reported after the November 9, 2026 transaction

Key Terms

weighted-average price, Class A Common Stock

2 terms

weighted-average price financial

"The price reported in Column 4 is a weighted-average price."

Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.

Class A Common Stock financial

"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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many LAMR shares did Westview Capital Partners sell, and at what prices?

Westview Capital Partners, LLC sold 5,076 shares at a weighted-average $157.1480 per share and 2,524 shares at a weighted-average $156.4523 per share on November 9, 2026. The transactions were reported as indirect holdings through Westview, whose member and manager is Lamar CFO, Treasurer and EVP Jay LeCoryelle Johnson. The reported position after the second sale was zero shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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)
11/09/2026

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	11/09/2026		S		5,076	D	$157.148(1)	2,524	I	ByWestview Capital Partners, LLC(2)
Class A Common Stock	11/09/2026		S		2,524	D	$156.4523(3)	0	I	By Westview Capital Partners, LLC(2)

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 price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $157.67 to $156.68 inclusive. The reporting person undertakes to provide to Lamar Advertising Company ("Lamar"), any security holder of Lamar, or the staff of the Securities and Exhange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote 1.

2. The reporting person is a member and manager of Westview Capital Partners, LLC.

3. The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $156.55 to $156.44 inclusive. The reporting person undertakes to provide to Lamar, any security holder of Lamar, or the staff of the Securities and Exhange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote 3.

	/s/ James McIlwain, as attorney-in-fact	11/10/2026
	** 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)