JOHN E. KOERNER III - 10 May 2024 Form 4 Insider Report for LAMAR ADVERTISING CO/NEW (LAMR)

Role: Director
Signature: /s/ James McIlwain, at attorney-in-fact
Issuer symbol: LAMR
Transactions as of: 10 May 2024
Transactions value $: -$2,040,866
Form type: 4
Filing time: 13 May 2024, 16:39:36 UTC
Previous filing: 12 May 2023
Next filing: 20 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LAMR	Class A Common Stock	Sale	-$226K	-1.89K	-3.85%	$119.28	47.3K	10 May 2024	Direct	F1
transaction	LAMR	Class A Common Stock	Sale	-$1.82M	-15.1K	-31.95%	$120.15	32.2K	10 May 2024	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $118.81 to $119.7823 inclusive. The reporting person undertakes to provide to Lamar Advertising Company ("Lamar"), any security holder of Lamar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote 1.
F2	The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $119.95 to $120.235 inclusive. The reporting person undertakes to provide to Lamar, any security holder of Lamar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote 2.

Content

The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $118.81 to $119.7823 inclusive. The reporting person undertakes to provide to Lamar Advertising Company ("Lamar"), any security holder of Lamar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote 1.

The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $119.95 to $120.235 inclusive. The reporting person undertakes to provide to Lamar, any security holder of Lamar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote 2.