Lamar Advertising raises CEO base salary to $900k, CFO to $700k; grants LTIP units

LAMAR ADVERTISING CO/NEW

CEO Sean Reilly base salary increased from $700k to $900k effective April 1, 2024.
CFO Jay Johnson base salary increased from $600k to $700k; Exec Chairman base unchanged.
Target cash bonus for CEO set at 100% of base salary; CFO at 85%; each eligible for up to 200% of target.
LTIP units issued: 60,000 to CEO, 33,600 to CFO, 26,400 to Exec Chairman.
LTIP units vest based on financial performance goals; maximum earned at 120% of target.

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