Lakeland Financial (LKFN) director gets new phantom stock grant via spouse
Rhea-AI Filing Summary
Truex Melinda Jo reported acquisition or exercise transactions in this Form 4 filing.
Lakeland Financial Corp director Melinda Jo Truex reported an indirect grant of 87 Phantom Stock units on 2026-08-05 at $63.25 per unit, held by her spouse. Each unit corresponds to one share of Common Stock, bringing spouse-held phantom stock to 10,380 units, which will be delivered in six remaining annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Truex Melinda Jo
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1, F2 | 87 | $63.25 | $6K |
Holdings After Transaction:
Phantom Stock — 10,380 shares (Indirect, By Spouse)
Footnotes (2)
- F1. Each Phantom Stock unit exercises into 1 share of Common Stock.
- F2. The Phantom Stock will be delivered in 6 remaining annual installments.
Key Figures
Phantom Stock units granted: 87 units
Reference price per Phantom unit: $63.25 per unit
Underlying Common Stock: 87 shares
+2 more
5 metrics
Phantom Stock units granted
87 units
Grant/award acquisition on 2026-08-05
Reference price per Phantom unit
$63.25 per unit
Value assigned to the 87 Phantom Stock units
Underlying Common Stock
87 shares
Each Phantom Stock unit exercises into 1 share of Common Stock
Phantom Stock after transaction
10,380 units
Total indirect phantom holdings by spouse following the grant
Delivery schedule
6 annual installments
Phantom Stock will be delivered in six remaining annual installments
Key Terms
Phantom Stock, indirect, annual installments
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.
indirect financial
"Ownership type is reported as indirect with nature of ownership "By Spouse"."
annual installments financial
"The Phantom Stock will be delivered in 6 remaining annual installments."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Lakeland Financial (LKFN) director Melinda Jo Truex report?
Melinda Jo Truex reported an indirect grant of 87 Phantom Stock units on 2026-08-05. The award is held by her spouse and increases the spouse-held phantom stock balance to 10,380 units, each tied to one share of Lakeland Financial Common Stock.
How many Lakeland Financial (LKFN) phantom stock units were granted and at what price?
The award consists of 87 Phantom Stock units at a reference value of $63.25 per unit. Each unit is economically linked to one share of Common Stock, reflecting stock-based compensation rather than an open-market purchase or sale.
How does the Lakeland Financial (LKFN) phantom stock grant affect total phantom holdings?
After the grant, indirect phantom stock holdings total 10,380 units held by the director’s spouse. This figure includes the newly granted 87 units, all of which correspond one-for-one to Lakeland Financial Common Stock for value purposes.
When will the Lakeland Financial (LKFN) phantom stock units be delivered?
The filing states the Phantom Stock will be delivered in six remaining annual installments. This means the 10,380 units, including the 87-unit grant, are scheduled to settle over multiple future years rather than immediately.
Is the Lakeland Financial (LKFN) phantom stock grant held directly by the director?
No. The 87 Phantom Stock units are reported as indirectly owned, with ownership noted as “By Spouse.” The director reports the transaction because of this relationship, but the holdings themselves are attributed to the spouse’s account.
Was the Lakeland Financial (LKFN) phantom stock grant made under a Rule 10b5-1 plan?
The document’s Rule 10b5-1 checkbox is not marked as affirmatively true, indicating the award is not reported as made under a 10b5-1 trading plan. It is characterized as a grant or award of Phantom Stock units.