REIFENHEISER THOMAS V 4

What Happened
Thomas V. Reifenheiser, a director of Lamar Advertising Co. (LAMR), was granted 542 shares on 2026-05-14 as an award/acquisition (reported at $0.00 per share). Half of the award (271 shares) vested immediately; the remaining 271 shares vest at the end of his one-year term as director. This was a company equity grant (compensation), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-14; Filing date: 2026-05-18 (Form 4 accession 0001192482-26-000278).
• Nature: Award/Grant (code A) — 542 shares acquired at $0.00 (total reported value $0).
• Vesting: 271 shares fully vested on grant date; remaining 271 vest on last day of the reporting person’s one-year director term (per issuer’s 1996 Equity Incentive Plan).
• Shares owned after transaction: Not specified in the filing.
• Footnote: Grant made under the Issuer’s 1996 Equity Incentive Plan; described vesting schedule above.
• Filing timeliness: No late‑filing flag indicated in the provided filing information.

Context: Equity awards to directors are common as compensation and governance alignment; immediate vesting of part of the grant gives the director some immediately usable shares, while the remainder is time‑based to encourage continued service. Such grants are not direct buy/sell signals about near‑term market expectations.