Lakeland Financial (LKFN) grants director Bradley Toothaker 487 phantom stock units

Rhea-AI Filing Summary

Toothaker Bradley J reported acquisition or exercise transactions in this Form 4 filing.

LAKELAND FINANCIAL CORP director Bradley J. Toothaker received a grant of 487 phantom stock units on common stock on July 8, 2026. Each phantom stock unit corresponds to 1 share of common stock and is exercisable after, and expires upon, the director’s retirement from the Board. Following this award, Toothaker holds 19,672 phantom stock units directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Toothaker Bradley J

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	487	$61.549	$30K

Holdings After Transaction: Phantom Stock — 19,672 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: 487 units Reference price per phantom unit: $61.549 Total phantom stock units after grant: 19,672 units +1 more

4 metrics

Phantom stock units granted 487 units Grant to director Bradley J. Toothaker on July 8, 2026

Reference price per phantom unit $61.549 Value associated with the 487 phantom stock units granted

Total phantom stock units after grant 19,672 units Bradley J. Toothaker’s direct phantom stock holdings following the award

Underlying common shares per unit 1 share per unit Each phantom stock unit exercises into 1 share of common stock

Key Terms

Phantom Stock, phantom stock unit, underlying security, exercisable

4 terms

Phantom Stock financial

"security_title: "Phantom 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."

underlying security financial

"underlying_security_title: "Common Stock""

exercisable financial

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/10/2026 - 10:30 AM Accepted by SEC EDGAR 07/10/2026 - 10:30 AM Learn about SEC filing dates

FAQ

What insider transaction did LAKELAND FINANCIAL CORP (LKFN) report for Bradley J. Toothaker?

Bradley J. Toothaker received a grant of 487 phantom stock units tied to Lakeland Financial common stock on July 8, 2026, reported as a derivative award on Form 4.

How many phantom stock units does Bradley J. Toothaker hold in LKFN after this grant?

After the July 8, 2026 award of 487 phantom stock units, Bradley J. Toothaker’s total direct holdings in phantom stock units increased to 19,672 units linked to Lakeland Financial common stock.

What is the reference price for the phantom stock grant reported by LKFN?

The 487 phantom stock units granted to Bradley J. Toothaker carry a reference value of $61.549 per unit, with each unit corresponding to one share of common stock as disclosed.

When can Bradley J. Toothaker’s LKFN phantom stock units be exercised?

The phantom stock units granted to Bradley J. Toothaker are exercisable after his retirement as a Board member, according to the disclosure, and they expire upon that retirement as well.

What does each phantom stock unit represent in the LKFN Form 4 filing?

Each phantom stock unit reported for Bradley J. Toothaker in the LKFN Form 4 exercises into one share of common stock, providing cash or value tied to the company’s share performance.

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^*

Toothaker Bradley J

(Last) (First) (Middle)

LAKELAND FINANCIAL CORPORATION

P.O. BOX 1387

(Street)

WARSAW INDIANA 46581-1387

(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		487		(2)	(3)	Common Stock	487	$61.549	19,672	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)