Correction 7:24 am pacific time: Insider’s initial story underestimated Insider ownership at Lamar by failing to take into account ownership of B shares and ownership by the Reilly Family Limited Trust. We have adjusted the Lamar insider ownership figures upward based on the Lamar 2019 definitive proxy statement.  

Clear Channel Outdoor Board Chairman Ben Moreland has been buying Clear Channel Outdoor stock this week.    It’s a good thing when company insiders (e.g. board members, executives and family) own a large percentage of shares because it means their interests are aligned with shareholders.

Here’s a breakdown of insider ownership at Lamar, Boston Omaha (the parent of Link Media Outdoor), Clear Channel Outdoor and OUTFRONT as a percent of each companies total shares.

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