STOCK TITAN

[Form 4] Lakeland Financial Corp Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Lakeland Financial Corp. (LKFN) director Blake Augsburger filed a Form 4 dated 08/05/2025. The report shows the acquisition of 149 phantom stock units at a reference price of $61.5128. Each unit converts into one common share when the director retires from the Board; until then, the units carry no voting or dividend rights. Following the transaction, Augsburger now holds 18,491 phantom units and reports no change in direct common-share ownership. Because phantom stock does not immediately affect the public float, the filing has no direct impact on outstanding shares or near-term earnings, but it modestly increases the director’s long-term economic stake, reinforcing alignment with shareholder interests.

Il direttore di Lakeland Financial Corp. (LKFN), Blake Augsburger, ha presentato un Modulo 4 datato 05/08/2025. Il rapporto evidenzia l'acquisizione di 149 unità di azioni fantasma a un prezzo di riferimento di 61,5128 $. Ogni unità si converte in una azione ordinaria al momento del pensionamento del direttore dal Consiglio; fino ad allora, le unità non conferiscono diritti di voto né dividendi. Dopo l'operazione, Augsburger detiene ora 18.491 unità fantasma e non segnala variazioni nella proprietà diretta di azioni ordinarie. Poiché le azioni fantasma non influenzano immediatamente il flottante pubblico, la comunicazione non ha impatto diretto sulle azioni in circolazione o sugli utili a breve termine, ma aumenta modestamente la partecipazione economica a lungo termine del direttore, rafforzando l'allineamento con gli interessi degli azionisti.

El director de Lakeland Financial Corp. (LKFN), Blake Augsburger, presentó un Formulario 4 con fecha 05/08/2025. El informe muestra la adquisición de 149 unidades de acciones fantasma a un precio de referencia de $61.5128. Cada unidad se convierte en una acción común cuando el director se retira del Consejo; hasta entonces, las unidades no otorgan derechos de voto ni dividendos. Tras la transacción, Augsburger posee ahora 18,491 unidades fantasma y no reporta cambios en la propiedad directa de acciones comunes. Dado que las acciones fantasma no afectan inmediatamente el flotante público, la presentación no tiene impacto directo en las acciones en circulación ni en las ganancias a corto plazo, pero incrementa modestamente la participación económica a largo plazo del director, reforzando la alineación con los intereses de los accionistas.

Lakeland Financial Corp.(LKFN) 이사 Blake Augsburger가 2025년 8월 5일자 Form 4를 제출했습니다. 보고서에는 149개의 팬텀 스톡 유닛 취득이 기준 가격 $61.5128에 명시되어 있습니다. 각 유닛은 이사가 이사회에서 은퇴할 때 보통주 한 주로 전환되며, 그 전까지는 의결권이나 배당권이 없습니다. 거래 후 Augsburger는 현재 18,491개의 팬텀 유닛을 보유하고 있으며 직접 보유한 보통주에는 변동이 없습니다. 팬텀 스톡은 즉시 유통 주식 수에 영향을 미치지 않으므로, 이번 신고는 유통 주식 수나 단기 수익에 직접적인 영향이 없지만, 이사의 장기적 경제적 지분을 소폭 늘려 주주 이익과의 정렬을 강화합니다.

Blake Augsburger, administrateur de Lakeland Financial Corp. (LKFN), a déposé un formulaire 4 daté du 05/08/2025. Le rapport indique l'acquisition de 149 unités d'actions fantômes à un prix de référence de 61,5128 $. Chaque unité se convertit en une action ordinaire lorsque l'administrateur prend sa retraite du conseil; jusqu'à ce moment, les unités ne confèrent aucun droit de vote ni de dividende. Suite à la transaction, Augsburger détient désormais 18 491 unités fantômes et ne signale aucun changement dans la détention directe d'actions ordinaires. Comme les actions fantômes n'affectent pas immédiatement le flottant public, le dépôt n'a aucun impact direct sur les actions en circulation ni sur les bénéfices à court terme, mais il augmente modestement la participation économique à long terme de l'administrateur, renforçant ainsi son alignement avec les intérêts des actionnaires.

Blake Augsburger, Direktor von Lakeland Financial Corp. (LKFN), reichte ein Formular 4 mit Datum 05.08.2025 ein. Der Bericht zeigt den Erwerb von 149 Phantomaktieneinheiten zu einem Referenzpreis von 61,5128 $. Jede Einheit wird beim Ausscheiden des Direktors aus dem Vorstand in eine Stammaktie umgewandelt; bis dahin haben die Einheiten keine Stimm- oder Dividendenrechte. Nach der Transaktion hält Augsburger nun 18.491 Phantom-Einheiten und meldet keine Änderung des direkten Stammaktienbesitzes. Da Phantomaktien die Streubesitzmenge nicht sofort beeinflussen, hat die Meldung keinen direkten Einfluss auf die ausstehenden Aktien oder kurzfristige Gewinne, erhöht jedoch leicht den langfristigen wirtschaftlichen Anteil des Direktors und stärkt so die Ausrichtung an den Interessen der Aktionäre.

Positive
  • None.
Negative
  • None.

Insights

TL;DR‒Minor insider buy; symbolic, not valuation-moving.

The purchase adds just 149 phantom units, an immaterial figure relative to LKFN’s share base. While any insider accumulation is directionally positive, phantom stock is settled only at retirement, so liquidity and near-term EPS are unaffected. I classify this as routine governance disclosure rather than a catalyst.

TL;DR‒Routine phantom stock grant enhances alignment.

Phantom stock ties compensation to share value without diluting current shareholders. The award is standard for directors and signals ongoing commitment, but does not indicate material strategic change. Compliance is timely and complete.

Il direttore di Lakeland Financial Corp. (LKFN), Blake Augsburger, ha presentato un Modulo 4 datato 05/08/2025. Il rapporto evidenzia l'acquisizione di 149 unità di azioni fantasma a un prezzo di riferimento di 61,5128 $. Ogni unità si converte in una azione ordinaria al momento del pensionamento del direttore dal Consiglio; fino ad allora, le unità non conferiscono diritti di voto né dividendi. Dopo l'operazione, Augsburger detiene ora 18.491 unità fantasma e non segnala variazioni nella proprietà diretta di azioni ordinarie. Poiché le azioni fantasma non influenzano immediatamente il flottante pubblico, la comunicazione non ha impatto diretto sulle azioni in circolazione o sugli utili a breve termine, ma aumenta modestamente la partecipazione economica a lungo termine del direttore, rafforzando l'allineamento con gli interessi degli azionisti.

El director de Lakeland Financial Corp. (LKFN), Blake Augsburger, presentó un Formulario 4 con fecha 05/08/2025. El informe muestra la adquisición de 149 unidades de acciones fantasma a un precio de referencia de $61.5128. Cada unidad se convierte en una acción común cuando el director se retira del Consejo; hasta entonces, las unidades no otorgan derechos de voto ni dividendos. Tras la transacción, Augsburger posee ahora 18,491 unidades fantasma y no reporta cambios en la propiedad directa de acciones comunes. Dado que las acciones fantasma no afectan inmediatamente el flotante público, la presentación no tiene impacto directo en las acciones en circulación ni en las ganancias a corto plazo, pero incrementa modestamente la participación económica a largo plazo del director, reforzando la alineación con los intereses de los accionistas.

Lakeland Financial Corp.(LKFN) 이사 Blake Augsburger가 2025년 8월 5일자 Form 4를 제출했습니다. 보고서에는 149개의 팬텀 스톡 유닛 취득이 기준 가격 $61.5128에 명시되어 있습니다. 각 유닛은 이사가 이사회에서 은퇴할 때 보통주 한 주로 전환되며, 그 전까지는 의결권이나 배당권이 없습니다. 거래 후 Augsburger는 현재 18,491개의 팬텀 유닛을 보유하고 있으며 직접 보유한 보통주에는 변동이 없습니다. 팬텀 스톡은 즉시 유통 주식 수에 영향을 미치지 않으므로, 이번 신고는 유통 주식 수나 단기 수익에 직접적인 영향이 없지만, 이사의 장기적 경제적 지분을 소폭 늘려 주주 이익과의 정렬을 강화합니다.

Blake Augsburger, administrateur de Lakeland Financial Corp. (LKFN), a déposé un formulaire 4 daté du 05/08/2025. Le rapport indique l'acquisition de 149 unités d'actions fantômes à un prix de référence de 61,5128 $. Chaque unité se convertit en une action ordinaire lorsque l'administrateur prend sa retraite du conseil; jusqu'à ce moment, les unités ne confèrent aucun droit de vote ni de dividende. Suite à la transaction, Augsburger détient désormais 18 491 unités fantômes et ne signale aucun changement dans la détention directe d'actions ordinaires. Comme les actions fantômes n'affectent pas immédiatement le flottant public, le dépôt n'a aucun impact direct sur les actions en circulation ni sur les bénéfices à court terme, mais il augmente modestement la participation économique à long terme de l'administrateur, renforçant ainsi son alignement avec les intérêts des actionnaires.

Blake Augsburger, Direktor von Lakeland Financial Corp. (LKFN), reichte ein Formular 4 mit Datum 05.08.2025 ein. Der Bericht zeigt den Erwerb von 149 Phantomaktieneinheiten zu einem Referenzpreis von 61,5128 $. Jede Einheit wird beim Ausscheiden des Direktors aus dem Vorstand in eine Stammaktie umgewandelt; bis dahin haben die Einheiten keine Stimm- oder Dividendenrechte. Nach der Transaktion hält Augsburger nun 18.491 Phantom-Einheiten und meldet keine Änderung des direkten Stammaktienbesitzes. Da Phantomaktien die Streubesitzmenge nicht sofort beeinflussen, hat die Meldung keinen direkten Einfluss auf die ausstehenden Aktien oder kurzfristige Gewinne, erhöht jedoch leicht den langfristigen wirtschaftlichen Anteil des Direktors und stärkt so die Ausrichtung an den Interessen der Aktionäre.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Augsburger Blake

(Last) (First) (Middle)
LAKELAND FINANCIAL CORPORATION
P.O. BOX 1387

(Street)
WARSAW IN 46581

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LAKELAND FINANCIAL CORP [ LKFN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/05/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock (1) 08/05/2025 A 149 (2) (3) Common Stock 149 $61.5128 18,491 D
Explanation of Responses:
1. Each phantom stock unit exercises into 1 share of Common Stock.
2. Phantom Stock is exercisable after the directors' retirement as a Board member.
3. Phantom shares expire after the directors' retirement as a Board member.
Remarks:
/s/ Becka J. Turnbow, Attorney-in-Fact 08/06/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did LKFN disclose in the latest Form 4?

Director Blake Augsburger acquired 149 phantom stock units at $61.5128 on 08/05/2025.

How many LKFN phantom stock units does the director now hold?

Augsburger’s total derivative holdings increased to 18,491 phantom units.

Does the transaction dilute current LKFN shareholders?

No. Phantom stock converts only after the director’s retirement and does not alter today’s share count.

What is phantom stock in LKFN’s compensation plan?

Each unit tracks the value of one LKFN share and converts 1-for-1 into common stock upon board retirement.

Is this insider transaction considered material to investors?

Given the small size (149 units), the filing is deemed routine and not financially material.
Lakeland Finl Corp

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