4//SEC Filing
REILLY SEAN E 4
Accession 0001062993-23-005084
CIK 0001090425other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 4:03 PM ET
Size
6.1 KB
Accession
0001062993-23-005084
Insider Transaction Report
Form 4
REILLY SEAN E
Chief Operating Officer
Transactions
- Award
LTIP Units
2023-02-24+44,000→ 88,000 total→ Class A Common Stock (44,000 underlying)
Footnotes (1)
- [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 are subject to forfeiture based on the achievement of financial performance goals by Lamar, and will vest upon certification of Lamar's financial results for 2023, expected to occur in February 2024, subject to the reporting person's continued employment at Lamar.
Issuer
LAMAR ADVERTISING CO/NEW
CIK 0001090425
Entity typeother
Related Parties
1- filerCIK 0001008218
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 4:03 PM ET
- Size
- 6.1 KB