Lakeland Financial (LKFN) director’s spouse awarded 87 phantom units

Rhea-AI Filing Summary

Lakeland Financial Corporation director Melinda Jo Truex reported an indirect acquisition of 87 Phantom Stock units on February 5, 2026, recorded at $62.10 per unit and held by her spouse. Following this transaction, a total of 10,205 Phantom Stock units are beneficially owned indirectly. Each Phantom Stock unit converts into one share of Lakeland Financial common stock and is scheduled to be delivered in six remaining annual installments, spreading the receipt of the underlying shares over multiple years.

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

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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^*

Truex Melinda Jo

(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		87		(2)	(2)	Common Stock	87	$62.1	10,205	I	By Spouse

Explanation of Responses:

1. Each Phantom Stock unit exercises into 1 share of Common Stock.

2. The Phantom Stock will be delivered in 6 remaining annual installments.

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 was reported at Lakeland Financial (LKFN)?

A Lakeland Financial director reported an indirect acquisition of 87 Phantom Stock units. The units were credited on February 5, 2026 at $62.10 each and are held by the director’s spouse, increasing total indirectly owned Phantom Stock units to 10,205.

Who is the insider involved in the latest LKFN Form 4 filing?

Director Melinda Jo Truex is the reporting person in this Form 4. She reported an indirect position held by her spouse in Phantom Stock units linked to Lakeland Financial common shares, reflecting ongoing equity-based compensation rather than an open-market stock purchase or sale.

How many Lakeland Financial Phantom Stock units were acquired in this filing?

The filing shows an acquisition of 87 Phantom Stock units. These units are a form of derivative tied to Lakeland Financial common stock and increase the director’s indirectly beneficially owned Phantom Stock balance to 10,205 units after the reported transaction.

At what price were the LKFN Phantom Stock units recorded in this transaction?

The 87 Phantom Stock units were recorded at $62.10 per unit. This figure reflects the reference price per unit for the award and is used to value the derivative grant tied to Lakeland Financial common stock for reporting purposes.

How and when will the reported LKFN Phantom Stock units be delivered?

The Phantom Stock units are scheduled to be delivered in six remaining annual installments. Each Phantom Stock unit converts into one share of Lakeland Financial common stock, so the director’s spouse will receive the underlying shares gradually over those future years.

Are the Lakeland Financial Phantom Stock units held directly by the director?

No. The Phantom Stock units are reported as indirectly owned, with the nature of ownership listed as “By Spouse.” This means the position is held in the spouse’s name, while still being treated as beneficially owned for reporting under insider rules.