Lakeland Financial (LKFN) director reports Common and Phantom Stock awards

Rhea-AI Filing Summary

Lakeland Financial Corporation director Christian Darrianne P reported new equity awards. On 01/13/2026, the director acquired 650 shares of Common Stock at a price of $0, bringing direct holdings of Common Stock to 10,750 shares.

On 01/12/2026, the director also acquired 397 units of Phantom Stock at a reference price of $56.6943, increasing directly held phantom units to 5,390. Each phantom stock unit is designed to convert into 1 share of Common Stock and becomes exercisable after the director’s retirement from the Board, at which point the phantom shares also expire.

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

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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 IN 46581

(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	10,750	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		397		(2)	(3)	Common Stock	397	$56.6943	5,390	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.

FAQ

Who is the insider in this Lakeland Financial (LKFN) Form 4 filing?

The insider is Christian Darrianne P, who serves as a director of Lakeland Financial Corporation and filed the Form 4 as a single reporting person.

What Common Stock transaction did the Lakeland Financial (LKFN) director report?

On 01/13/2026, the director acquired 650 shares of Common Stock at a price of $0, resulting in 10,750 Common Stock shares directly owned after the transaction.

What Phantom Stock transaction did the Lakeland Financial (LKFN) director disclose?

On 01/12/2026, the director acquired 397 Phantom Stock units at a reference price of $56.6943, bringing total directly held phantom units to 5,390 after the transaction.

How do Lakeland Financial (LKFN) Phantom Stock units work for this director?

Each Phantom Stock unit is structured to convert into 1 share of Common Stock. According to the footnotes, the phantom stock becomes exercisable only after the director retires from the Board and the phantom shares also expire after that retirement.

Is this Lakeland Financial (LKFN) Form 4 filing a purchase or an award of shares?

The filing shows acquisitions coded "A" of both 650 Common Stock shares at $0 and 397 Phantom Stock units, which is consistent with equity awards rather than open-market purchases.

Does the Lakeland Financial (LKFN) director hold these securities directly or indirectly?

Both the 10,750 Common Stock shares and the 5,390 Phantom Stock units are listed with ownership form Direct (D), and no indirect holding entity is specified in the filing excerpt.