Form 4: Lamar Advertising CFO Jay Johnson Sells 5,000 Shares
SEC Form 4 Filing
Lamar Advertising's CFO, Jay LeCoryelle Johnson, sold 5,000 shares of Class A Common Stock on March 7, 2024, at a weighted-average price of $118.9724.
Summary
- On March 7, 2024, Jay LeCoryelle Johnson, the CFO, Treasurer, and EVP of Lamar Advertising Co/NEW, sold 5,000 shares of Class A Common Stock.
- The sale was executed at a weighted-average price of $118.9724 per share.
- Following the transaction, Johnson directly owns 10,000 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating an insider stock sale. It's a neutral event, neither particularly positive nor negative on its own.
Industry Context
Insider sales are common and can be for various reasons, including diversification or personal financial planning. It's important to consider the context of the sale within the broader performance and outlook of Lamar Advertising and the outdoor advertising industry.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, potentially leading to minor selling pressure.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of transaction: Jay LeCoryelle Johnson sold 5,000 shares of Lamar Advertising Class A Common Stock. |
| 03/08/2024 | Date of signature: James McIlwain, as attorney-in-fact, signed the Form 4 on behalf of Jay LeCoryelle Johnson. |
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