Lamar Advertising Director Thomas Reifenheiser Files Form 144 to Sell $1.21M in Class A Common Stock
LAMAR ADVERTISING CO/NEW
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Filing Summary
Form 144 Notice of Proposed Sale of Securities Issuer: Lamar Advertising Co/New ($LAMR) Insider: Thomas V. Reifenheiser (Director) Proposed Sale Amount: 8,099 shares (~$1,207,400) Security: Class A Common Stock Broker: J.P. Morgan Securities LLC Approx. Sale Date: 09/14/2026 Nature of Ownership: Indirect (Trust)
Comprehensive Analysis
Executive Summary
On September 14, 2026, Lamar Advertising Co/New director Thomas V. Reifenheiser filed Form 144 signaling an intent to sell 8,099 shares of Class A Common Stock with an estimated aggregate market value of $1,207,400.
Transaction Details
- Filer: Thomas V. Reifenheiser (Director)
- Shares to be Sold: 8,099 Class A Common Stock
- Estimated Aggregate Market Value: $1,207,400 (approx. $149.08 per share)
- Broker: J.P. Morgan Securities LLC
- Approximate Date of Sale: September 14, 2026
- Acquisition History: Acquired on February 26, 2026, via transfer from shares originally obtained via option exercises between May 2007 and May 2024.
- Ownership Structure: The shares are being sold via the Thomas V. Reifenheiser, Jr. Amended and Restated Revocable Trust Agreement, with Thomas V. Reifenheiser serving as Trustee.
Impact & Significance
The proposed transaction represents a minimal portion (less than 0.01%) of Lamar Advertising's 87,129,599 Class A shares outstanding. Given the standard size and the long acquisition history dating back to 2007, this proposed sale is categorized as routine portfolio management and carries Low trading significance.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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