Lakeland Financial director reports new stock awards

Lakeland Financial Corporation director Bradley J. Toothaker reported acquiring additional equity-linked interests in the company.

Rhea-AI Filing Summary

Lakeland Financial Corporation director Bradley J. Toothaker reported acquiring additional equity-linked interests in the company. On January 13, 2026, he acquired 650 shares of Common Stock at a reported price of $0 per share, bringing his directly held Common Stock position to 25,863 shares.

Separately, on January 12, 2026, he acquired 441 units of Phantom Stock at a reference price of $56.6943, increasing his directly held Phantom Stock balance to 18,867 units. Each Phantom Stock unit is designed to convert into 1 share of Common Stock, is exercisable only after his retirement as a Board member, and expires after he retires from the Board.

Insider Trade Summary

Grant/Award: 1,091 shares

Grant/Award 2 txns

Insider Toothaker Bradley J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	650	$0.00	$0.00
Grant/Award	Phantom Stock	441	$56.6943	$25K

Holdings After Transaction: Phantom Stock — 18,867 contracts (Direct); Common Stock — 25,863 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is the insider in Lakeland Financial (LKFN)'s latest Form 4 filing?

The insider is Bradley J. Toothaker, a director of Lakeland Financial Corporation.

How many Lakeland Financial (LKFN) common shares did the director acquire?

Bradley J. Toothaker acquired 650 shares of Common Stock, bringing his directly held Common Stock to 25,863 shares after the transaction.

What Phantom Stock transaction did the Lakeland Financial director report?

He reported acquiring 441 Phantom Stock units on January 12, 2026 at a reference price of $56.6943, resulting in 18,867 Phantom Stock units directly held afterward.

What does Lakeland Financial Phantom Stock represent for the director?

Each Phantom Stock unit is designed to exercise into 1 share of Common Stock, providing equity-linked value without immediate share issuance.

When can the Lakeland Financial Phantom Stock be exercised?

The Phantom Stock is exercisable after the director’s retirement as a Board member and the phantom shares expire after that retirement.

Is the Lakeland Financial director’s ownership reported as direct or indirect?

Both the Common Stock and Phantom Stock positions in this filing are reported as direct ownership by Bradley J. Toothaker.

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

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Accepted by SEC EDGAR 01/14/2026 - 02:13 PM 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^*

Toothaker Bradley J

(Last) (First) (Middle)

LAKELAND FINANCIAL CORPORATION

P.O. BOX 1387

(Street)

WARSAW IN 46581-1387

(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)
01/12/2026

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
Common Stock	01/13/2026		A		650	A	$0	25,863	D

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)	01/12/2026		A		441		(2)	(3)	Common Stock	441	$56.6943	18,867	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	01/12/2026
	** 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.