AI assistant
LAMAR ADVERTISING CO/NEW — Director's Dealing 2026
Feb 20, 2026
30505_dirs_2026-02-20_4b37a2c0-48f5-43f2-bfc4-3f4e6075f92b.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LAMAR ADVERTISING CO/NEW (LAMR)
CIK: 0001090425
Period of Report: 2026-02-18
Reporting Person: Johnson Jay LeCoryelle (CFO, Treasurer, EVP)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2026-02-18 | LTIP Units | $ | D | 11740 | Disposed | Class A Common Stock (11740) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| LTIP Units | $ | Class A Common Stock (19800) | 19800 | Indirect | |
| LTIP Units | $ | Class A Common Stock (33600) | 33600 | Indirect |
Footnotes
F1: These LTIP Units ("LTIP Units") of Lamar Advertising Limited Partnership (the "OP"), the operating partnership of Lamar Advertising Company ("Lamar"), were issued under Lamar's 1996 Equity Incentive Plan, as amended. LTIP Units are a class of units of the OP that, following the occurrence of certain events and upon vesting, convert automatically into an equivalent number of common partnership units of the OP ("Common Units"). Common Units are redeemable by the holder for cash or Class A common stock of Lamar on a one-for-one basis, at Lamar's election. These LTIP Units were originally awarded subject to forfeiture based on the achievement of performance goals for 2025, as determined by Lamar's Compensation Committee.
F2: Amount represents the portion of the award (including dividends) forfeited when performance results for 2025 were determined by the Compensation Committee on February 18, 2026.
F3: These LTIP Units of the OP were previously issued and vested under Lamar's 1996 Equity Incentive Plan, as amended, and following the occurrence of certain events and upon vesting, convert automatically into an equivalent number of Common Units. The Common Units are redeemable by the holder for cash or Class A common stock of Lamar on a one-for-one basis, at Lamar's election.
F4: These LTIP Units were previously transferred from Brawley Capital Partners, L.L.C. ("Brawley") to Westview Capital Partners, LLC ("Westview"). The reporting person is a member and manager of both Brawley and Westview.
F5: The reporting person is a member and manager of Blair Road, L.L.C.