secwatch.observer — SEC 8-K summary
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Issuer:     LAMAR ADVERTISING CO/NEW (LAMR)
CIK:        0001090425
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001193125-24-070196
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090425/000119312524070196/0001193125-24-070196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090425/000119312524070196/d787061d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-070196

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer