Lakeland Financial (LKFN) Director Grant: 650 Shares Acquired

Rhea-AI Filing Summary

Lakeland Financial Corp (LKFN) – Form 4 insider filing

Director Emily E. Pichon reported the acquisition of 650 common shares on 07/08/2025 (Transaction Code A). The filing shows no cash consideration (price listed as $0), suggesting the shares were likely awarded under a director compensation plan or received as a gift rather than purchased on the open market. Following the transaction, Pichon’s total direct holding increases to 19,488 shares.

The added stake is modest relative to the company’s ~25 million shares outstanding (≈0.003%) and therefore unlikely to be financially material. Nonetheless, any increase in insider ownership is often interpreted as a marginally positive governance signal, indicating ongoing alignment of director and shareholder interests.

Positive

• Director’s ownership increases, reinforcing alignment with shareholders, albeit marginally.

Negative

• Transaction is non-cash and extremely small, offering limited insight into insider sentiment or future share performance.

Insights

Equity Analyst

TL;DR: Minor director share award; negligible financial impact but mildly positive governance signal.

The 650-share addition raises Emily Pichon’s direct stake to 19,488 shares—still an immaterial 0.003% of LKFN’s float. Because the shares were acquired at $0, this appears to be a routine equity grant rather than an open-market buy, limiting its predictive value regarding future price performance. From a governance lens, incremental insider ownership supports alignment with shareholders, yet the quantum is too small to alter incentive structures or valuation. Overall, I view the filing as neutral from a market-moving perspective.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider PICHON EMILY E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	650	$0.00	--

Holdings After Transaction: Common Stock — 19,488 shares (Direct)

Footnotes (1)

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^*

PICHON EMILY E

(Last) (First) (Middle)

LAKELAND FINANCIAL CORPORATION

P.O. BOX 1387

(Street)

WARSAW IN 46581-1387

(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)
07/08/2025

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	07/08/2025		A		650	A	$0	19,488	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

Explanation of Responses:

Remarks:

	/s/ Becka J. Turnbow, Attorney-in-Fact	07/09/2025
	** 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

Who is the insider involved in the LKFN Form 4 filing?

Emily E. Pichon, a director of Lakeland Financial Corp.

How many LKFN shares did the director acquire?

The filing reports an acquisition of 650 common shares.

What is the director’s total ownership after the transaction?

Emily Pichon now directly owns 19,488 LKFN shares.

Was cash paid for the shares?

No. The price field is $0, indicating a grant or gift rather than an open-market purchase.

Does the filing suggest a significant impact on LKFN’s share count?

No. The 650-share increase represents roughly 0.003% of the outstanding shares—financially immaterial.