What is the vesting schedule for Mitchell Landrieu’s new LAMR share grant?

The 542-share award vests in two equal parts. The filing states that 271 shares vested immediately on the grant date, while the remaining 271 shares will vest on the last day of Landrieu’s one-year term as a Lamar Advertising director.

Lamar Advertising (NASDAQ: LAMR) director Landrieu receives 542-share equity grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Landrieu Mitchell reported acquisition or exercise transactions in this Form 4 filing.

Lamar Advertising Company director Mitchell Landrieu received a grant of 542 shares of Class A Common Stock as equity compensation. The shares were awarded at no cash cost to him under the company’s 1996 Equity Incentive Plan. According to the vesting terms, 271 shares vested immediately on the grant date and the remaining 271 shares will vest on the last day of his one-year term as director. After this grant, Landrieu directly holds a total of 1,192 shares of Lamar Advertising Class A Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Landrieu Mitchell

Role null

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

Holdings After Transaction: Class A Common Stock — 1,192 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares granted: 542 shares Immediately vested shares: 271 shares Deferred vesting shares: 271 shares +2 more

5 metrics

Shares granted 542 shares Equity award to director Mitchell Landrieu

Immediately vested shares 271 shares Vested on the grant date under 1996 Equity Incentive Plan

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

Holdings after grant 1,192 shares Total Class A Common Stock directly held after transaction

Price per share $0.0000 per share Indicates award at no cash cost to reporting person

Key Terms

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

4 terms

Class A Common Stock financial

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

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."

vesting financial

"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"

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.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

05/18/2026 - 04:05 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^*

Landrieu Mitchell

(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		542⁽¹⁾	A	$0	1,192	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)
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. 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did LAMAR ADVERTISING (LAMR) director Mitchell Landrieu report?

Mitchell Landrieu reported an equity award of 542 shares of Lamar Advertising Class A Common Stock. The grant is compensation under the company’s 1996 Equity Incentive Plan, rather than an open-market stock purchase or sale involving cash.

How many LAMR shares does Mitchell Landrieu hold after this Form 4 filing?

After the reported grant, Mitchell Landrieu directly holds 1,192 shares of Lamar Advertising Class A Common Stock. This total reflects the newly awarded shares, including those already vested and those scheduled to vest later in his director term.

Was the LAMR insider transaction a stock purchase or a compensation grant?

The transaction was a compensation-related grant, not a market purchase. The Form 4 shows code “A” for grant or award, and the price per share is listed as zero, indicating the shares were awarded under Lamar’s 1996 Equity Incentive Plan.

Does the Landrieu Form 4 for LAMR indicate any stock sales or disposals?

The Form 4 reports only an acquisition of shares through a grant, with no sales or disposals. Transaction summaries show one acquisition and no sell, gift, tax-withholding, or restructuring transactions, indicating this is purely an equity award event.