Reilly Ross Lamar 4

What Happened

• Reilly Ross Lamar, EVP and President of Lamar's Outdoor Division, was awarded 1,600 shares as a performance-based equity award on Feb 18, 2026 (code A, $0.00 per share). To satisfy tax withholding related to that award, 444 shares were withheld/disposed at $133.73 per share for a withholding value of $59,376 (code F). Net shares delivered to him from this grant = 1,600 - 444 = 1,156 shares.

Key Details

• Transaction date: 2026-02-18; Form filed: 2026-02-20 (filed within typical 2-business-day window).
• Award: 1,600 shares granted at $0.00 (performance-equity award).
• Tax withholding: 444 shares withheld/disposed at $133.73 = $59,376.
• Net new shares received: 1,156.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Compensation Committee certified these shares as earned under the Lamar 1996 Equity Incentive Plan (performance-equity bonus program).
• Transaction codes: A = Award/Grant; F = Tax withholding (disposition to cover tax liability).

Context

• This was a performance-based equity grant, not an open-market purchase or sale of vested holdings. The withholding of shares to cover taxes is a routine administrative step and does not necessarily indicate a change in the insider’s market view.
• For investors, awards increase insider ownership (net +1,156 shares here) but are compensation-related rather than a direct bullish signal like an outright personal purchase.