0001062993-24-006415.txt : 20240314
0001062993-24-006415.hdr.sgml : 20240314
20240314160652
ACCESSION NUMBER: 0001062993-24-006415
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240312
FILED AS OF DATE: 20240314
DATE AS OF CHANGE: 20240314
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: REILLY SEAN E
CENTRAL INDEX KEY: 0001008218
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36756
FILM NUMBER: 24750110
MAIL ADDRESS:
STREET 1: 5321 CORPORATE BLVD
CITY: BATON ROUGE
STATE: LA
ZIP: 70808
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LAMAR ADVERTISING CO/NEW
CENTRAL INDEX KEY: 0001090425
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 721449411
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: C/O LAMAR ADVERTISING COMPANY
STREET 2: 5321 CORPORATE BOULEVARD
CITY: BATON ROUGE
STATE: LA
ZIP: 70808
BUSINESS PHONE: 2259261000
MAIL ADDRESS:
STREET 1: C/O LAMAR ADVERTISING COMPANY
STREET 2: 5321 CORPORATE BOULEVARD
CITY: BATON ROUGE
STATE: LA
ZIP: 70808
FORMER COMPANY:
FORMER CONFORMED NAME: LAMAR NEW HOLDING CO
DATE OF NAME CHANGE: 19990716
4
1
form4.xml
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
X0508
4
2024-03-12
0001090425
LAMAR ADVERTISING CO/NEW
LAMR
0001008218
REILLY SEAN E
5321 CORPORATE BOULEVARD
BATON ROUGE
LA
70808
0
1
0
0
Chief Executive Officer
0
LTIP Units
2024-03-12
4
A
0
60000
0
A
Class A Common Stock
60000
60000
D
LTIP Units
Class A Common Stock
66000
66000
D
These LTIP Units ("LTIP Units") of Lamar Advertising Limited Partnership (the "OP"), the operating partnership of Lamar Advertising Company ("Lamar"), were issued under Lamar's 1996 Equity Incentive Plan, as amended. LTIP Units are a class of units of the OP that, following the occurrence of certain events and upon vesting, convert automatically into an equivalent number of common partnership units of the OP ("Common Units").
Common Units are redeemable by the holder for cash or Class A common stock of Lamar on a one-for-one basis, at Lamar's election. These LTIP Units are subject to forfeiture based on the achievement of financial performance goals by Lamar, and will vest upon certification of Lamar's financial results for 2024, expected to occur in February 2025, subject to the reporting person's continued employment at Lamar and the discretion of the Compensation Committee. The number of LTIP Units issued is the maximum number achievable by such reporting person and represents achievement of financial performance goals at 120% of target.
These LTIP Units of the OP were issued in 2022 and 2023 under Lamar's 1996 Equity Incentive Plan, as amended, and following the occurrence of certain events and upon vesting, convert automatically into an equivalent number of Common Units. The Common Units are redeemable by the holder for cash or Class A common stock of Lamar on a one-for-one basis, at Lamar's election.
/s/ James McIlwain, as attorney-in-fact
2024-03-14