X0306 4 2022-11-15 0001090425 LAMAR ADVERTISING CO/NEW LAMR 0001206664 KOERNER JOHN E III 5321 CORPORATE BOULEVARD BATON ROUGE LA 70808 1 0 0 0 Class A Common Stock 2022-11-15 4 M 0 10000 42.21 A 54063 D Class A Common Stock 2022-11-15 4 S 0 5881 95.8569 D 48182 D Stock Option (Right to Buy) 42.21 2022-11-15 4 M 0 10000 0 D 2023-01-24 Class A Common Stock 10000 0 D The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $95.53 to $96.20, inclusive. The reporting person undertakes to provide to Lamar Advertising Company, any security holder of Lamar Advertising Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 1. The options were granted on January 24, 2013 and became fully exercisable on January 24, 2017. /s/ James McIlwain, at attorney-in-fact 2022-11-16