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Lakeland Financial (LKFN) director receives 507 phantom stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

LAKELAND FINANCIAL CORP director M. Scott Welch received a grant of 507 phantom stock units linked to common stock on 2026-08-05 at $63.25 per unit. Each unit converts into one common share and is exercisable only after board retirement; he now holds 62,201 phantom units directly.

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Insider WELCH M SCOTT
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock F1, F2, F3 507 $63.25 $32K
Holdings After Transaction: Phantom Stock — 62,201 shares (Direct)
Footnotes (3)
  1. F1. Each phantom stock unit exercises into 1 share of Common Stock.
  2. F2. Phantom stock is exercisable after the directors' retirement as a Board member.
  3. F3. Phantom shares expire after the directors' retirement as a Board member.
Phantom stock units granted 507.0000 units Grant of phantom stock units on 2026-08-05
Transaction price per unit $63.2500 per unit Per-unit value for the 507 phantom stock units
Phantom units after transaction 62201.0000 units Total phantom stock units directly held after the grant
Conversion ratio 1 unit per 1 share of Common Stock Each phantom stock unit exercises into one common share
Transaction date 2026-08-05 Date of the phantom stock grant to the director
Phantom Stock financial
"Security title reported as Phantom Stock linked to common shares"
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.
Common Stock financial
"Each phantom stock unit exercises into 1 share of Common Stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
exercisable financial
"Phantom stock is exercisable after the directors' retirement as a Board member."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transaction did Lakeland Financial (LKFN) report for M. Scott Welch?
Lakeland Financial reported that director M. Scott Welch received 507 phantom stock units on 2026-08-05. These units are linked to common stock and are exercisable only after he retires from the board, increasing his phantom holdings to 62,201 units.

How many phantom stock units were granted to the Lakeland Financial (LKFN) director?
Director M. Scott Welch was granted 507 phantom stock units. Each phantom unit corresponds to one share of common stock, and the grant increased his total phantom holdings to 62,201 units reported as directly owned.

At what price were the LKFN phantom stock units recorded for this grant?
The phantom stock units were recorded at $63.25 per unit. This per-unit figure is the transaction price associated with the 507-unit award of phantom stock tied to Lakeland Financial’s common shares.

When can M. Scott Welch’s LKFN phantom stock units be exercised?
The phantom stock units are exercisable only after M. Scott Welch’s retirement as a board member. According to the terms, the units both become exercisable and ultimately expire in connection with his board retirement.

How many phantom stock units does M. Scott Welch hold in LKFN after this grant?
After the reported grant, M. Scott Welch directly holds 62,201 phantom stock units. Each phantom unit is linked to one share of common stock, giving him a sizeable deferred, share-settled position tied to Lakeland Financial’s equity.
SEC Form 4
FORM 4UNITED 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*
WELCH M SCOTT
(Last)(First)(Middle)
6 LONGWOOD COURT
(Street)
ELKHART INDIANA 46516
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
LAKELAND FINANCIAL CORP [ LKFN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/05/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock(1)08/05/2026A507 (2) (3)Common Stock507$63.2562,201D
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-Fact08/06/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR