What is the vesting schedule for Anna Reilly’s 485-share LAMR equity award?

The 485-share award vests in two parts: 243 shares vested immediately on the grant date, and 242 shares will vest on the last day of Reilly’s one-year term as director, aligning the grant with her board service period.

Lamar Advertising (LAMR) director receives 485-share equity award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Lamar Advertising Company director Anna Reilly received an award of 485 shares of Class A Common Stock as equity compensation. The grant carried no cash exercise price. Following this award, she directly holds 148,463 shares.

According to the grant terms, 243 shares vested immediately, and 242 shares will vest on the last day of her one-year term as director. The Compensation Committee approved the award upon her re-election and after conditions under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 were fully satisfied.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider REILLY ANNA

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	485	$0.00	--

Holdings After Transaction: Class A Common Stock — 148,463 shares (Direct, null)

Footnotes (1)

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Key Figures

Equity award size: 485 shares Shares vested immediately: 243 shares Shares vesting later: 242 shares +2 more

5 metrics

Equity award size 485 shares Class A Common Stock grant to director

Shares vested immediately 243 shares Fully vested on grant date

Shares vesting later 242 shares Vest on last day of one-year director term

Holdings after transaction 148,463 shares Total Class A Common Stock directly held after award

Grant price $0.0000 per share Reported transaction price for equity award

Key Terms

1996 Equity Incentive Plan, Compensation Committee, Hart-Scott-Rodino Antitrust Improvements Act of 1976, vesting

4 terms

1996 Equity Incentive Plan financial

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

Compensation Committee financial

"The shares were awarded by the Compensation Committee upon the Reporting Person's re-election as a director of the Company"

A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.

Hart-Scott-Rodino Antitrust Improvements Act of 1976 regulatory

"upon the satisfaction of certain conditions relating to the Hart-Scott-Rodino Antitrust Improvements Act of 1976"

vesting financial

"243 shares were fully vested on the date of grant, and the remaining 242 shares vest on the last day"

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.

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Form 4 Insider Transactions: What Each Field Means →

06/15/2026 - 04:03 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 ANNA

(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)
06/12/2026

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	06/12/2026		A		485⁽¹⁾	A	$0	148,463	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. 243 shares were fully vested on the date of grant, and the remaining 242 shares vest on the last day of the Reporting Person's one-year term as director of the Issuer. The shares were awarded by the Compensation Committee upon the Reporting Person's re-election as a director of the Company and upon the satisfaction of certain conditions relating to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, which were satisfied in full on the business day prior to the grant date reported herein.

	/s/ James McIlwain, at attorney-in-fact	06/15/2026
	** 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 LAMR director Anna Reilly report on this Form 4?

Anna Reilly reported an equity award of 485 shares of Lamar Advertising Class A Common Stock. The award was granted as director compensation, with no cash paid per share, and increased her direct holdings to 148,463 shares after the transaction.

How many Lamar Advertising (LAMR) shares does Anna Reilly hold after the grant?

After the equity award, Anna Reilly directly holds 148,463 shares of Lamar Advertising Class A Common Stock. This total reflects the newly granted 485 shares added to her prior holdings, as reported in the Form 4 transaction details.

Was cash paid for the 485 Lamar Advertising shares granted to Anna Reilly?

No cash was paid for the 485 shares; the per-share price is reported as 0.0000. The shares were granted as director compensation under Lamar Advertising’s 1996 Equity Incentive Plan, rather than being purchased in the open market.

Why was Anna Reilly’s LAMR equity award tied to Hart-Scott-Rodino conditions?

The award was conditioned on satisfying requirements under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The footnote states these conditions were fully satisfied on the business day before the grant date, allowing the Compensation Committee to finalize the grant.