4//SEC Filing
REILLY SEAN E 4
Accession 0001062993-24-006415
CIK 0001090425other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 4:06 PM ET
Size
8.4 KB
Accession
0001062993-24-006415
Insider Transaction Report
Form 4
REILLY SEAN E
Chief Operating Officer
Transactions
- Award
LTIP Units
2024-03-12+60,000→ 60,000 total→ Class A Common Stock (60,000 underlying)
Holdings
- 66,000
LTIP Units
→ Class A Common Stock (66,000 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").
- [F2]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 2024, expected to occur in February 2025, subject to the reporting person's continued employment at Lamar and the discretion of the Compensation Committee. The number of LTIP Units issued is the maximum number achievable by such reporting person and represents achievement of financial performance goals at 120% of target.
- [F3]These LTIP Units of the OP were issued in 2022 and 2023 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
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 4:06 PM ET
- Size
- 8.4 KB