Lakeland Financial (NASDAQ: LKFN) director adds stock, phantom units

Rhea-AI Filing Summary

Lakeland Financial Corporation director Blake Augsburger reported new equity acquisitions. He acquired 650 shares of Lakeland Financial common stock on 01/13/2026 at a reported price of $0, bringing his directly held common stock to 18,863 shares.

He also acquired 529 phantom stock units on 01/12/2026 at $56.6943 per unit, increasing his directly held phantom stock to 19,179 units. Each phantom stock unit is structured to convert into 1 share of common stock and becomes exercisable after the director’s retirement from the board, expiring once that retirement occurs.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Augsburger Blake

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	650	$0.00	--
Grant/Award	Phantom Stock	529	$56.6943	$30K

Holdings After Transaction: Common Stock — 18,863 shares (Direct); Phantom Stock — 19,179 shares (Direct)

Footnotes (1)

1. Each phantom stock unit exercises into 1 share of Common Stock. Phantom Stock is exercisable after the directors' retirement as a Board member. Phantom shares expire after the directors' retirement as a Board member.

Form 4 Insider Transactions: What Each Field Means →

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^*

Augsburger Blake

(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	18,863	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		529		(2)	(3)	Common Stock	529	$56.6943	19,179	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

What insider transaction did LKFN report for Blake Augsburger?

The filing shows that director Blake Augsburger acquired 650 shares of Lakeland Financial common stock on 01/13/2026 at a reported price of $0, bringing his directly held common shares to 18,863.

How many Lakeland Financial phantom stock units did the director acquire?

The director acquired 529 phantom stock units on 01/12/2026 at a price of $56.6943 per unit, resulting in a total of 19,179 phantom stock units reported as beneficially owned directly.

What does the phantom stock for LKFN convert into?

Each phantom stock unit is designed to exercise into 1 share of Lakeland Financial common stock, according to the disclosure.

When are the Lakeland Financial phantom stock units exercisable?

The filing states that the phantom stock is exercisable after the director’s retirement as a board member, and the phantom shares expire after that retirement.

Is Blake Augsburger a director or officer of Lakeland Financial?

The report identifies Blake Augsburger as a director of Lakeland Financial Corporation and not as an officer or 10% owner.

Are the reported Lakeland Financial holdings owned directly or indirectly?

The Form 4 shows that both the 18,863 common shares and the 19,179 phantom stock units are held with direct ownership (D) by the reporting person.