Lakeland Financial (NASDAQ: LKFN) grants director phantom stock units
Rhea-AI Filing Summary
Smith Brian J reported acquisition or exercise transactions in this Form 4 filing.
Lakeland Financial director Brian J Smith received a grant of 177 phantom stock units on August 5, 2026 at $63.25 per unit. Each unit corresponds to one share of common stock and becomes exercisable after his retirement from the board, expiring at that time. Following this award, he holds 21,629 phantom stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Brian J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1, F2, F3 | 177 | $63.25 | $11K |
Holdings After Transaction:
Phantom Stock — 21,629 shares (Direct)
Footnotes (3)
- F1. Each phantom stock unit exercises into 1 share of common stock.
- F2. Phantom stock is exercisable after the directors' retirement as a Board member.
- F3. Phantom shares expire after the directors' retirement as a Board member.
Key Figures
Phantom stock units granted: 177.0000 units
Grant price per phantom unit: $63.2500
Total phantom units after grant: 21629.0000 units
+1 more
4 metrics
Phantom stock units granted
177.0000 units
Grant/award acquisition dated August 5, 2026
Grant price per phantom unit
$63.2500
Per-unit value for the phantom stock award
Total phantom units after grant
21629.0000 units
Direct phantom stock holdings following the transaction
Underlying common shares per unit
1
Each phantom stock unit exercises into 1 share of common stock
Key Terms
Phantom Stock, underlying security, exercisable
3 terms
Phantom Stock financial
"Grant of Phantom Stock units reported as director compensation"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
underlying security financial
"Each unit has Common Stock as the underlying security"
exercisable financial
"Phantom stock is exercisable after the directors' retirement as a Board member"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Lakeland Financial (LKFN) director Brian J Smith report?
Brian J Smith reported receiving 177 phantom stock units on August 5, 2026 at $63.25 per unit. These units are tied to Lakeland Financial common stock and were reported as a grant or award acquisition, increasing his direct phantom stock holdings.
How many phantom stock units in total does Brian J Smith now hold at LKFN?
After the reported grant, Brian J Smith holds 21,629 phantom stock units directly. This total includes the newly awarded 177 units and represents his reported phantom stock position following the August 5, 2026 transaction.
What are the key terms of the phantom stock units granted to LKFN director Brian J Smith?
Each phantom stock unit granted to Brian J Smith exercises into one share of Lakeland Financial common stock. The units become exercisable only after his retirement from the board and expire after that retirement, aligning the award with his director service.
At what price were the LKFN phantom stock units granted to Brian J Smith?
The 177 phantom stock units were valued at a grant price of $63.25 per unit. This per-unit amount applies to the phantom stock award that is linked to an equal number of underlying shares of Lakeland Financial common stock.
Was Brian J Smith’s LKFN phantom stock grant made under a Rule 10b5-1 trading plan?
The report indicates the transaction was not made under a Rule 10b5-1 plan, as the related checkbox is not affirmed. The grant is characterized as a compensation-related award rather than a pre-arranged trading plan transaction.