4//SEC Filing
REILLY SEAN E 4
Accession 0001062993-24-004227
CIK 0001090425other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 4:02 PM ET
Size
8.0 KB
Accession
0001062993-24-004227
Insider Transaction Report
Form 4
REILLY SEAN E
Chief Operating Officer
Transactions
- Disposition to Issuer
LTIP Units
2024-02-21−22,000→ 22,000 total→ Class A Common Stock (22,000 underlying)
Holdings
- 44,000
LTIP Units
→ Class A Common Stock (44,000 underlying)
Footnotes (3)
- [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 2023, as determined by Lamar's Compensation Committee.
- [F2]Amount represents the portion of the award (including dividends) forfeited when performance results for 2023 were determined by the Compensation Committee on February 21, 2024.
- [F3]These LTIP Units of the OP were issued 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.
Issuer
LAMAR ADVERTISING CO/NEW
CIK 0001090425
Entity typeother
Related Parties
1- filerCIK 0001008218
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 4:02 PM ET
- Size
- 8.0 KB