Vanguard Capital Management LLC Acquires 5.24% Stake in Lamar Advertising Co

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, disclosing a new 5.24% ownership stake in Lamar Advertising Co (LAMR). As of the event date on March 31, 2026, Vanguard reported beneficial ownership of 4,560,715 shares of common stock. The filing indicates that Vanguard holds sole dispositive power over all 4,560,715 shares, while maintaining sole voting power over 662,623 shares. This position was established in the ordinary course of business, as Vanguard certified that the acquisition was not intended to influence or change the control of the issuer. The reported holdings include securities managed by various Vanguard affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. This filing marks a significant increase from a previous 0% ownership level, crossing the 5% regulatory threshold required for disclosure. Lamar Advertising Co is headquartered in Baton Rouge, Louisiana, and the shares are held by Vanguard for its managed funds and client accounts.