Lakeland Financial (LKFN) director receives 446-unit phantom stock award

Rhea-AI Filing Summary

LAKELAND FINANCIAL CORP director Darrianne P. Christian received a grant of 446 phantom stock units on common stock. The award is a compensation-related acquisition, not an open-market purchase, at a reference price of $61.549 per unit. Each phantom unit is tied to one share of common stock and becomes exercisable after the director’s retirement from the board, expiring after retirement as well. Following this grant, the director holds a total of 5,927 phantom stock units directly.

Insights

Equity compensation analyst

Routine phantom stock grant increases deferred director equity exposure.

Director Darrianne P. Christian was granted 446 phantom stock units linked one-for-one to common shares at a reference price of $61.549. This is coded as a grant/award, reflecting non-cash board compensation rather than an open-market transaction.

The units are exercisable only after retirement from the board and expire after that retirement, so this functions as deferred equity-based compensation. After the grant, the director holds 5,927 phantom stock units directly, indicating continuing alignment with long-term shareholder value without immediate trading in the public market.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Christian Darrianne P

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock F1, F2, F3	446	$61.549	$27K

Holdings After Transaction: Phantom Stock — 5,927 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.

Key Figures

Phantom stock units granted: 446 units Reference price per phantom unit: $61.549 Total phantom units after grant: 5,927 units +1 more

4 metrics

Phantom stock units granted 446 units Grant of phantom stock units to director on 2026-07-08

Reference price per phantom unit $61.549 Transaction price per unit for the 446 phantom stock units

Total phantom units after grant 5,927 units Director’s direct phantom stock holdings following the reported award

Underlying common stock per unit 1 share Each phantom stock unit exercises into 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."

FAQ

What did LAKELAND FINANCIAL CORP (LKFN) report in this Form 4?

LAKELAND FINANCIAL CORP reported that director Darrianne P. Christian received a grant of 446 phantom stock units. These units are linked to common stock and represent equity-based director compensation rather than an open-market share purchase or sale.

How many phantom stock units does the LKFN director hold after this grant?

After the grant of 446 phantom stock units, the LKFN director holds a total of 5,927 phantom stock units directly. This total reflects the cumulative phantom stock position following the reported compensation award on the transaction date.

What is the reference price of the LKFN phantom stock grant reported?

The phantom stock grant reported for LKFN uses a reference price of $61.549 per unit. This price is used to value the 446 units granted but does not represent an open-market purchase price by the director.

When can the LKFN phantom stock units be exercised by the director?

According to the disclosure, the LKFN phantom stock units are exercisable after the director’s retirement as a Board member. They also expire after the director’s retirement, making them a form of deferred equity-based director compensation.

Does the LKFN Form 4 show any insider share sales or open-market buys?

No. The LKFN Form 4 shows a grant/award acquisition of 446 phantom stock units, not an open-market buy or sale. The transaction is coded as a compensation-related award of derivative securities tied to the company’s common stock.

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

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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

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^*

Christian Darrianne P

(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		446		(2)	(3)	Common Stock	446	$61.549	5,927	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)