Lakeland Financial Corp (LKFN) director receives 609 phantom stock units in Form 4 filing

Rhea-AI Filing Summary

Augsburger Blake reported acquisition or exercise transactions in this Form 4 filing.

LAKELAND FINANCIAL CORP director Blake Augsburger received a grant of 609 phantom stock units tied to the company’s common stock. Each unit represents one share of common stock and is valued at $61.549 per unit for reporting purposes. The phantom stock becomes exercisable after the director’s retirement from the board and expires after retirement. Following this award, Augsburger holds 20,111 phantom stock units directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Augsburger Blake

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	609	$61.549	$37K

Holdings After Transaction: Phantom Stock — 20,111 shares (Direct, null)

Footnotes (1)

1. Each phantom stock unit exercises into 1 share of common stock. Phantom stock is exercisable after the directors' retirement as a Board member. Phantom shares expire after the directors' retirement as a Board member.

Key Figures

Phantom stock units granted: 609 units Reported value per phantom unit: $61.549 per unit Total phantom stock units after grant: 20,111 units +1 more

4 metrics

Phantom stock units granted 609 units Grant of phantom stock units to director Blake Augsburger on 2026-07-08

Reported value per phantom unit $61.549 per unit Transaction price per phantom stock unit for the 609-unit grant

Total phantom stock units after grant 20,111 units Director’s phantom stock holdings following the reported transaction

Underlying common stock 609 shares Each of the 609 phantom stock units is linked to 1 share of common stock

Key Terms

Phantom Stock, phantom stock unit, exercisable after the directors' retirement

3 terms

Phantom Stock financial

"Each phantom stock unit exercises into 1 share of common stock."

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.

phantom stock unit financial

"Each phantom stock unit exercises into 1 share of common stock."

exercisable after the directors' retirement financial

"Phantom stock is exercisable after the directors' retirement as a Board member."

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FAQ

What insider transaction did LAKELAND FINANCIAL CORP (LKFN) report for Blake Augsburger?

LAKELAND FINANCIAL CORP reported that director Blake Augsburger received a grant of 609 phantom stock units. These units are derivative awards tied one-for-one to the company’s common stock as part of director compensation.

How many phantom stock units did Blake Augsburger receive in the latest LKFN Form 4?

Blake Augsburger received 609 phantom stock units. Each unit corresponds to one share of common stock and is recorded at a value of $61.549 per unit for reporting on the Form 4.

What is the reported value per phantom stock unit in the LKFN filing for Blake Augsburger?

The Form 4 reports a value of $61.549 per phantom stock unit. This figure is used as the transaction price for the 609-unit grant linked to LAKELAND FINANCIAL CORP common stock.

When can Blake Augsburger’s LKFN phantom stock units be exercised?

According to the filing, the phantom stock is exercisable after the director’s retirement as a board member. The phantom shares also expire after the director’s retirement from the board.

How many phantom stock units does Blake Augsburger hold after this LKFN grant?

Following the grant, Blake Augsburger holds a total of 20,111 phantom stock units directly. Each phantom unit is structured to exercise into 1 share of common stock upon the applicable retirement conditions.

What does phantom stock mean in the LAKELAND FINANCIAL CORP (LKFN) Form 4?

The filing states that each phantom stock unit exercises into 1 share of common stock. These are deferred, board-related awards that become exercisable and expire in connection with the director’s retirement from the board.

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 INDIANA 46581

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			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)	07/08/2026		A		609		(2)	(3)	Common Stock	609	$61.549	20,111	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	07/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)