Thompson Elizabeth Mary 4

What Happened Elizabeth Mary Thompson, a director of Lamar Advertising Co. (LAMR), was granted 542 shares on May 14, 2026, reported as an award/acquisition at an acquisition price of $0.00. Per the filing, 271 of the shares vested immediately on the grant date and the remaining 271 will vest on the last day of her one-year term as a director. The grant was made under the issuer's 1996 Equity Incentive Plan.

Key Details

• Transaction date & price: May 14, 2026 — 542 shares @ $0.00 (grant, code A).
• Vesting: 271 shares fully vested on grant date; 271 shares vest at end of the reporting person's one-year director term (per footnote).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Plan & footnote: Grant pursuant to the Issuer's 1996 Equity Incentive Plan (see footnote F1).
• Filing timeliness: Form 4 filed May 18, 2026 — appears to be filed on time.

Context This was an equity award to a board director (not an open-market purchase or sale). The reported acquisition price of $0.00 reflects a grant; it does not equal market value. Director grants like this are common compensation and do not by themselves indicate the insider’s market view.