Lakeland Financial (NASDAQ: LKFN) grants director 7 phantom units
Rhea-AI Filing Summary
LAKELAND FINANCIAL CORP director Daniel Brian Starr reported a grant of 7.0000 Phantom Stock units on 2026-08-05 at a reference price of 63.2500 per unit, increasing his Phantom Stock balance to 778.0000 units.
Each phantom stock unit exercises into 1 share of Common Stock and is exercisable only after, and expires upon, the director’s retirement from the Board.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Starr Daniel Brian
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1, F2, F3 | 7 | $63.25 | $442.75 |
Holdings After Transaction:
Phantom Stock — 778 shares (Direct)
Footnotes (3)
- F1. Each phantom stock unit exercises into 1 share of Common Stock.
- F2. Phantom stock is exercisable after the directors' retirement as a Board member.
- F3. Phantom shares expire after the directors' retirement as a Board member.
Key Figures
Phantom stock units granted: 7.0000
Grant price per phantom unit: 63.2500
Total phantom units after grant: 778.0000
+3 more
6 metrics
Phantom stock units granted
7.0000
Phantom Stock grant on 2026-08-05 to director Daniel Brian Starr
Grant price per phantom unit
63.2500
Reference price per Phantom Stock unit for this award
Total phantom units after grant
778.0000
Phantom Stock units held by the director following the reported transaction
Underlying common shares per unit
1
Each phantom stock unit exercises into 1 share of Common Stock
Underlying common shares for this grant
7.0000
Common Stock shares underlying the 7.0000 Phantom Stock units granted
Transaction date
2026-08-05
Date of the Phantom Stock grant to the director
Key Terms
Phantom Stock, phantom stock unit, exercisable after the directors' retirement, Common Stock
4 terms
Phantom Stock financial
"Security title reported as Phantom Stock for director grant."
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.
phantom stock unit financial
"Each phantom stock unit exercises into 1 share of Common Stock."
exercisable after the directors' retirement financial
"Phantom stock is exercisable after the directors' retirement as a Board member."
Common Stock financial
"Underlying security title identified as Common Stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Lakeland Financial (LKFN) report for director Daniel Brian Starr?
Lakeland Financial reported that director Daniel Brian Starr received a grant of 7.0000 Phantom Stock units on 2026-08-05 at 63.2500 per unit, raising his total Phantom Stock holdings to 778.0000 units linked to the company’s common stock.
What is the nature of the Phantom Stock reported for Lakeland Financial (LKFN)?
The reported security is Phantom Stock, a derivative tied to Lakeland Financial’s common shares. Each phantom stock unit exercises into 1 share of Common Stock, providing equity-linked value rather than immediate ownership until exercise conditions are met.
When can the Lakeland Financial (LKFN) Phantom Stock units be exercised?
According to the disclosure, the Phantom Stock is exercisable after the director’s retirement as a Board member. The footnotes also state that the phantom shares expire after the director’s retirement, limiting the exercise window to that retirement-related period.
How many Lakeland Financial (LKFN) Phantom Stock units does the director hold after this grant?
Following the grant, director Daniel Brian Starr holds 778.0000 Phantom Stock units. This total includes the newly awarded 7.0000 units and represents his reported balance of Phantom Stock derivatives tied to Lakeland Financial’s common stock after the transaction.