Lakeland Financial director granted 21 phantom units

Abbasi Faraz reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Abbasi Faraz reported acquisition or exercise transactions in this Form 4 filing.

Lakeland Financial Corp director Faraz Abbasi reported a grant of 21 phantom stock units tied to the company’s common stock. The units were awarded at a reference value of $61.9216 per unit and increase his phantom stock holdings to 1,741 units.

Each phantom stock unit is economically equivalent to one share of common stock and becomes exercisable only after his retirement from the board, at which point it settles into common shares. This is a compensation-related award rather than an open-market stock purchase or sale.

Insider Trade Summary

Grant/Award: 21 shares

Grant/Award 1 txn

Insider Abbasi Faraz

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	21	$61.9216	$1K

Holdings After Transaction: Phantom Stock — 1,741 contracts (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: 21 units Reference price per unit: $61.9216 per unit Total phantom units after grant: 1,741 units +2 more

5 metrics

Phantom stock units granted 21 units Grant of phantom stock on 2026-05-05

Reference price per unit $61.9216 per unit Value assigned to phantom stock award

Total phantom units after grant 1,741 units Phantom stock holdings following transaction

Underlying common shares 21 shares Common stock underlying this phantom stock grant

Conversion price $0.00 Phantom stock conversion or exercise price

Key Terms

Phantom Stock, grant/award acquisition, Form 4, underlying security

4 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.

grant/award acquisition financial

"Transaction action is classified as grant/award acquisition of phantom stock."

Form 4 regulatory

"Insider activity is reported for the director on Form 4."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

underlying security financial

"The underlying security title for the phantom stock is Common Stock."

FAQ

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

What did Lakeland Financial (LKFN) director Faraz Abbasi report on this Form 4?

Director Faraz Abbasi reported receiving a grant of 21 phantom stock units linked to Lakeland Financial common stock. The award is compensation-related, not an open-market trade, and increases his total phantom stock holdings to 1,741 units following the transaction.

How many Lakeland Financial phantom stock units were granted to Faraz Abbasi?

Faraz Abbasi was granted 21 phantom stock units in this filing. Each unit is tied to one share of Lakeland Financial common stock, and the grant raises his total phantom stock position to 1,741 units after the reported award.

What is the reference price for Faraz Abbasi’s Lakeland Financial phantom stock grant?

The phantom stock grant to Faraz Abbasi used a reference price of $61.9216 per unit. This price reflects the value assigned to each of the 21 units granted, which are economically linked to Lakeland Financial common stock on a one-for-one basis.

When can Faraz Abbasi exercise his Lakeland Financial phantom stock units?

Faraz Abbasi’s phantom stock units become exercisable only after his retirement as a Lakeland Financial board member. At that time, each phantom stock unit is designed to settle into one share of common stock, according to the terms described in the footnotes.

How many Lakeland Financial phantom stock units does Faraz Abbasi hold after this grant?

After the reported grant, Faraz Abbasi holds a total of 1,741 phantom stock units. These units each correspond to one share of Lakeland Financial common stock and together represent his accumulated phantom stock compensation as reflected in this Form 4.

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

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Accepted by SEC EDGAR 05/06/2026 - 09:01 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^*

Abbasi Faraz

(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)
05/05/2026

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)	05/05/2026		A		21		(2)	(3)	Common Stock	21	$61.9216	1,741	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	05/05/2026
	** 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)