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Lakeland Financial (LKFN) director receives 8 new phantom stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Lakeland Financial Corp director Emily E. Pichon reported a grant of 8 phantom stock units on 2026-08-05 at a reference price of $63.25 per unit. Her phantom stock holdings increased to 957 units. Each unit exercises into 1 share of Common Stock and becomes exercisable, then expires, after her retirement from the Board.

Positive

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Negative

  • None.
Insider PICHON EMILY E
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock F1, F2, F3 8 $63.25 $506.00
Holdings After Transaction: Phantom Stock — 957 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.
Phantom stock units granted 8.0000 units Grant to director Emily E. Pichon on 2026-08-05
Reference price per phantom unit $63.2500 per unit Value associated with the phantom stock grant
Total phantom stock units after grant 957.0000 units Emily E. Pichon’s phantom stock holdings following the transaction
Underlying common stock per phantom unit 1 share Each phantom stock unit exercises into 1 share of Common Stock
Phantom Stock financial
"Security title reported as Phantom Stock, a derivative linked to common shares"
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.
exercisable financial
"Phantom stock is exercisable after the directors' retirement as a Board member"
expire financial
"Phantom shares expire after the directors' retirement as a Board member"

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FAQ

What insider transaction did Lakeland Financial (LKFN) report for Emily E. Pichon?
Emily E. Pichon reported receiving 8 phantom stock units linked to Lakeland Financial common stock. The derivative award was recorded at a reference price of $63.25 per unit, increasing her total phantom stock holdings to 957 units following the grant.

How many phantom stock units were granted to the Lakeland Financial (LKFN) director?
The director received a grant of 8 phantom stock units. These units are derivative awards tied to Lakeland Financial common stock and are structured so that each phantom unit exercises into 1 share of Common Stock upon eligible exercise after retirement.

What is the value per phantom stock unit in the Lakeland Financial (LKFN) grant?
The phantom stock units were recorded at $63.25 per unit. This figure reflects the reference price used in the insider report for the 8-unit grant of phantom stock awarded to director Emily E. Pichon on 2026-08-05.

When can the Lakeland Financial (LKFN) phantom stock units be exercised?
The phantom stock units become exercisable after the director’s retirement from the Board. According to the terms, the phantom shares both become exercisable and ultimately expire after the director’s retirement as a Board member.

How many phantom stock units does the Lakeland Financial (LKFN) director hold after this transaction?
Following the reported grant, Emily E. Pichon holds 957 phantom stock units. This total reflects her derivative holdings in phantom stock after adding the 8 newly awarded units that are each tied to 1 share of Lakeland Financial common stock.

What does phantom stock represent for Lakeland Financial (LKFN) insiders?
Phantom stock represents units linked to common shares that mirror the value of Lakeland Financial stock. Each phantom stock unit in this grant is structured to exercise into 1 share of Common Stock after the director’s retirement, aligning director compensation with shareholder value.
SEC Form 4
FORM 4UNITED 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*
PICHON EMILY E
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/05/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock(1)08/05/2026A8 (2) (3)Common Stock8$63.25957D
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-Fact08/06/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR