Fletcher Nancy 4

What Happened
Nancy Fletcher, a director of Lamar Advertising Co. (LAMR), was granted 644 shares on May 14, 2026. The shares were reported as an award (code A) at a reported $0.00 per share (total reported value $0). This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-14; Form 4 filed 2026-05-18 (timely filing).
• Grant: 644 shares awarded at $0.00 per share (reported acquisition value $0).
• Vesting: Per footnote, 322 shares vested immediately on the grant date; the remaining 322 shares vest on the last day of the reporting person’s one-year term as director.
• Plan: Granted under the Issuer’s 1996 Equity Incentive Plan.
• Shares owned after transaction: not specified in the filing.
• No tax-withholding or sale reported in this filing.

Context
This is a standard equity compensation grant to a board member. Such awards are common as director compensation and do not, by themselves, indicate buying or selling sentiment in the open market. The immediate vesting of half the grant provides some current ownership, while the remainder is tied to continued service through the director term.