Welcome to our dedicated page for Lamar Advertising Co SEC filings (Ticker: LAMR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Lamar Advertising Company (NASDAQ: LAMR) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as an outdoor advertising Real Estate Investment Trust (REIT). Lamar files current reports on Form 8-K, quarterly reports on Form 10-Q and annual reports on Form 10-K, along with other documents, to describe its financial condition, operating performance, capital structure, risk factors and corporate actions.
In its Form 8-K filings, Lamar reports material events such as quarterly and year-to-date operating results, dividend declarations, acquisitions, unregistered sales of equity securities and financing transactions. Examples include announcements of quarterly cash and special dividends on Class A and Class B common stock, operating results for specific quarters, the issuance of common units by its operating partnership in connection with the acquisition of Verde Outdoor billboard assets, and institutional private placements of 5.375% Senior Notes due 2033 by its wholly owned subsidiary Lamar Media Corp.
Other 8-K filings describe amendments to Lamar Media’s senior credit agreement that establish new Term B Loan facilities, including details on maturities, interest rate structures and the use of proceeds to refinance existing term loans and reduce borrowings under the revolving credit facility. These filings also summarize key covenants and events of default associated with the notes and credit agreements.
Lamar’s periodic reports discuss its REIT status and highlight non-GAAP performance measures such as adjusted EBITDA, free cash flow, funds from operations (FFO), adjusted funds from operations (AFFO), diluted AFFO per share, outdoor operating income, acquisition-adjusted results and acquisition-adjusted consolidated expense. The company explains how each measure is calculated and how management uses them to evaluate operations.
On Stock Titan, AI-powered tools help interpret these filings by summarizing complex sections, highlighting definitions of key metrics like FFO and AFFO, and surfacing information on dividends, leverage, liquidity and acquisition activity. Users can quickly identify material events, follow changes in Lamar’s capital structure and review historical disclosures without reading every page of each filing.
Lamar Advertising Company is calling a virtual-only 2026 annual meeting on May 14, 2026 at 9:00 a.m. CDT for stockholders of record as of March 16, 2026. Holders will vote on electing ten directors, ratifying KPMG LLP as auditor, an advisory say-on-pay vote, and amendments to the 1996 Equity Incentive Plan and 2019 Employee Stock Purchase Plan.
The company has 87,021,456 Class A shares, 14,420,085 Class B shares and 5,719.49 Series AA preferred shares outstanding, with Class B carrying ten votes per share. The Reilly family, through Reilly Family, LLC and related holdings, controls a majority of the voting power. In 2025, CEO Sean E. Reilly received total compensation of $8.46 million, largely from performance-based LTIP Unit equity tied to net revenue and pro forma EBITDA growth, and the CEO-to-median employee pay ratio was 125:1.
The Vanguard Group filed an amended Schedule 13G reporting no beneficial ownership of Lamar Advertising Co common stock. The amendment states Amount beneficially owned: 0 and Percent of class: 0%. It attributes the change to an internal realignment effective 01/12/2026 under SEC Release No. 34-39538, with separate reporting by subsidiaries. The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026.
Lamar Advertising EVP Ross Lamar Reilly exercised stock options for 9,000 shares of Class A Common Stock at $65.82 per share. On the same day, he sold 5,969 shares at $128.65 per share to cover tax withholding obligations and the option exercise price. After these transactions, he directly holds 15,850 shares of Class A Common Stock.
Lamar Advertising Company executive Ross Lamar Reilly received a grant of 24,000 LTIP Units tied to future performance. These LTIP Units were issued under Lamar’s 1996 Equity Incentive Plan and are a class of units in Lamar Advertising Limited Partnership, the operating partnership.
After certain events and upon vesting, the LTIP Units automatically convert into an equal number of common partnership units, which the holder may redeem for cash or Class A common stock on a one-for-one basis at Lamar’s election. The 24,000 units represent the maximum award, corresponding to achievement of 120% of financial performance targets for 2026 and will vest only if those goals are met, results are certified (expected in February 2027), and the executive remains employed, subject to Compensation Committee discretion.
Lamar Advertising Company awarded CFO, Treasurer and EVP Jay LeCoryelle Johnson 33,600 LTIP Units on Class A common stock at an exercise price of $0.0000 per unit. These LTIP Units are the maximum amount tied to achievement of 120% of target 2026 financial performance goals.
The units are subject to forfeiture and will vest only after Lamar’s 2026 results are certified, expected in February 2027, contingent on continued employment and Compensation Committee discretion. Upon certain events and vesting, LTIP Units convert into operating partnership units that are redeemable for cash or Class A common stock on a one-for-one basis at Lamar’s election.
Lamar Advertising Company reported that Chief Executive Officer Sean E. Reilly received a grant of 60,000 LTIP Units in Lamar Advertising Limited Partnership under the 1996 Equity Incentive Plan. These LTIP Units can automatically convert into an equivalent number of partnership units and ultimately Class A common stock, at the company’s election, after certain conditions are met.
The award is performance-based and subject to forfeiture depending on Lamar’s financial results. It will vest after certification of 2026 financial performance, expected in February 2027, assuming continued employment and Compensation Committee discretion. Following this grant and prior awards, Reilly holds LTIP Units tied to 165,035 underlying Class A common shares. This filing reflects a compensation award, not an open-market stock purchase or sale.
Lamar Advertising Executive Chairman Kevin P. Reilly Jr. received a grant of 26,400 LTIP Units on March 10, 2026 as equity compensation.
These LTIP Units may convert into an equal number of Class A common shares through partnership units, but only after vesting. Vesting depends on Lamar achieving specified 2026 financial performance goals, with certification expected in February 2027, continued employment, and Compensation Committee discretion. The 26,400 units represent the maximum payout level at 120% of target, and following this grant he holds LTIP Units tied to 76,576 underlying Class A shares.
Lamar Advertising executive Jay LeCoryelle Johnson, who serves as CFO, Treasurer and EVP, reported insider activity involving Class A Common Stock. An entity associated with him, Westview Capital Partners, LLC, sold 1,260 shares on March 5, 2026 in an open-market transaction at an average price of $137.56 per share, leaving that entity with no remaining reported indirect holdings.
Following these transactions, Johnson is reported as holding 10,000 shares of Class A Common Stock directly in his own name.