Lakeland Financial (NASDAQ: LKFN) director reports stock, phantom awards

Rhea-AI Filing Summary

Lakeland Financial Corporation director Daniel Brian Starr reported new equity awards. On January 13, 2026, he acquired 650 shares of common stock at a reported price of $0, bringing his directly held common stock to 1,300 shares. This indicates an award rather than an open-market purchase.

On January 12, 2026, he also acquired 309 phantom stock units at a reference value of $56.6943 per unit, increasing his directly held phantom stock balance to 399 units. Each phantom stock unit is tied to one share of common stock and becomes exercisable after his retirement from the board, expiring at that time if not settled.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Starr Daniel Brian

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	650	$0.00	--
Grant/Award	Phantom Stock	309	$56.6943	$18K

Holdings After Transaction: Common Stock — 1,300 shares (Direct); Phantom Stock — 399 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^*

Starr Daniel Brian

(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	1,300	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		309		(2)	(3)	Common Stock	309	$56.6943	399	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 activity did LKFN director Daniel Brian Starr report?

Director Daniel Brian Starr reported acquiring 650 shares of Lakeland Financial common stock on January 13, 2026 and 309 phantom stock units on January 12, 2026.

How many Lakeland Financial (LKFN) common shares does the director hold after this filing?

After the reported transaction, Daniel Brian Starr beneficially owns 1,300 shares of Lakeland Financial common stock in direct ownership.

What phantom stock awards did the LKFN director receive?

He was granted 309 phantom stock units on January 12, 2026 at a reference value of $56.6943 per unit, bringing his phantom stock holdings to 399 units.

How do Lakeland Financial phantom stock units work for this director?

Each phantom stock unit corresponds to one share of common stock. The phantom stock becomes exercisable after the director’s retirement from the board and expires at that time if not settled.

Is this Lakeland Financial Form 4 transaction a purchase on the open market?

The Form 4 shows 650 common shares acquired at a price of $0, which indicates an equity award or similar grant rather than an open-market purchase.

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

The Form 4 indicates that both the 1,300 common shares and 399 phantom stock units are held with direct (D) ownership by the reporting person.