Jay LeCoryelle Johnson - Mar 20, 2023 Form 4 Insider Report for LAMAR ADVERTISING CO/NEW (LAMR)

Role: CFO, Treasurer, EVP
Signature: /s/ James McIlwain, as attorney-in-fact
Stock symbol: LAMR
Transactions as of: Mar 20, 2023
Transactions value $: -$573,792
Form type: 4
Date filed: 3/21/2023, 04:03 PM
Previous filing: Mar 3, 2023
Next filing: May 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LAMR	Class A Common Stock	Sale	-$574K	-6K	-23.08%	$95.63	20K	Mar 20, 2023	Direct	F1

* 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 sold in multiple transactions at prices ranging from $95.435 to $95.6504 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 sold at each separate price within the range set forth in this footnote.

Content

The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $95.435 to $95.6504 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 sold at each separate price within the range set forth in this footnote.