Director Augsburger adds 160 phantom stock units at Lakeland Financial (LKFN)

Rhea-AI Filing Summary

Lakeland Financial Corporation director Blake Augsburger reported a grant of derivative compensation in the form of phantom stock. On February 5, 2026, he acquired 160 phantom stock units at a reference price of $62.10 per unit. Each phantom unit is designed to convert into one share of Lakeland Financial common stock. The award increased his reported derivative holdings to 19,339 phantom stock units, held directly. The phantom stock becomes exercisable after his retirement from the board and, according to the disclosure, the phantom shares also expire upon his retirement as a director.

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)
02/05/2026

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)	02/05/2026		A		160		(2)	(3)	Common Stock	160	$62.1	19,339	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	02/05/2026
	** 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 insider transaction did LKFN report for Blake Augsburger?

Lakeland Financial director Blake Augsburger reported receiving 160 phantom stock units. These derivative units were granted on February 5, 2026 at a reference price of $62.10 each, and are designed to convert into common stock after he retires from the board.

How many phantom stock units does Blake Augsburger hold in LKFN after this Form 4?

After the reported transaction, Blake Augsburger holds 19,339 phantom stock units. These units are derivative securities linked to Lakeland Financial common stock, with each unit exercisable into one share after his retirement from the board and expiring at that time.

When can Blake Augsburger exercise his Lakeland Financial phantom stock?

The phantom stock becomes exercisable after Blake Augsburger retires as a Lakeland Financial board member. At that point, each phantom stock unit is structured to convert into one share of common stock, and the phantom shares expire upon his retirement from the board.

What does each Lakeland Financial phantom stock unit represent in this filing?

Each phantom stock unit represents the right to receive one share of Lakeland Financial common stock. The Form 4 notes that every phantom unit exercises into one share, is exercisable after the director retires from the board, and expires upon that retirement event.

Is Blake Augsburger’s LKFN phantom stock held directly or indirectly?

The filing shows Blake Augsburger’s 19,339 phantom stock units as held directly. The ownership form is marked “D” for direct, and no footnotes indicate that the units are held through a separate trust, partnership, or other indirect ownership structure.