Reilly Wendell 4

What Happened Reilly Wendell, a director of Lamar Advertising Co. (LAMR), was granted 508 shares on May 14, 2026 under the company's 1996 Equity Incentive Plan. The Form 4 reports the acquisition code A (award/grant) at an acquisition price of $0.00 (reported value on the Form 4 = $0). Per the filing, 254 shares vested immediately at grant and the remaining 254 shares will vest on the last day of the reporting person’s one-year term as director.

Key Details

• Transaction date: May 14, 2026; Filing date (Form 4): May 18, 2026 (filed with the SEC).
• Transaction type/code: A = Award/Grant; acquisition price reported $0.00.
• Shares granted: 508 total — 254 vested on grant date, 254 subject to one-year vesting.
• Shares owned after transaction: Not specified in the information provided on this summary (see the Form 4 for post-transaction holdings).
• Footnote: Grant made under Lamar’s 1996 Equity Incentive Plan; vesting schedule as noted above.
• Filing timeliness: Filed May 18 for a May 14 grant; appears timely under the Form 4 reporting window.

Context This was an equity award to a board director, not an open-market purchase or sale. Because part of the grant vests immediately and the remainder is time‑based, it mainly reflects compensation/retention rather than an explicit buy/sell signal. For valuation, the reported acquisition price is $0; the economic value equals the market price of LAMR shares at grant/vesting dates and is not shown on the Form 4.