Lakeland Financial (LKFN) awards director 49 phantom stock units
Rhea-AI Filing Summary
Christian Darrianne P reported acquisition or exercise transactions in this Form 4 filing.
Lakeland Financial Corp director Darrianne P. Christian received a grant of 49 phantom stock units tied to the company’s common stock at a reference price of $63.25 per unit. Each unit represents one share of common stock and is exercisable only after the director’s retirement, expiring at that time.
Following this award, Christian holds a total of 5,976 phantom stock units, reported as a direct derivative position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Christian Darrianne P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1, F2, F3 | 49 | $63.25 | $3K |
Holdings After Transaction:
Phantom Stock — 5,976 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: 49 units
Reference price per phantom unit: $63.25 per unit
Phantom stock units after grant: 5,976 units
+1 more
4 metrics
Phantom stock units granted
49 units
Grant to director on 2026-08-05
Reference price per phantom unit
$63.25 per unit
Reported transaction price for the phantom stock award
Phantom stock units after grant
5,976 units
Director’s total phantom stock holdings following this transaction
Conversion ratio
1 unit for 1 share of Common Stock
Each phantom stock unit exercises into one share of common stock
Key Terms
Phantom Stock, exercisable, Common Stock
3 terms
Phantom Stock financial
"security_title: "Phantom Stock" for the reported derivative 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.
exercisable financial
"Phantom stock is exercisable after the directors' retirement as a Board member."
Common Stock financial
"Each phantom stock unit exercises into 1 share of 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 insider transaction did Lakeland Financial (LKFN) report for Darrianne P. Christian?
Lakeland Financial reported that director Darrianne P. Christian received 49 phantom stock units on August 5, 2026. These derivative units are tied to the company’s common stock and are exercisable only after the director retires from the Board, expiring at that time.
How many Lakeland Financial (LKFN) phantom stock units does the director hold after this Form 4?
After the reported grant, Darrianne P. Christian holds 5,976 phantom stock units. This total reflects the newly awarded 49 units added to her prior phantom stock holdings, all reported as a direct derivative position linked to Lakeland Financial’s common stock.
What is the reference price for the Lakeland Financial (LKFN) phantom stock grant?
The 49 phantom stock units were granted at a reference price of $63.25 per unit. This per-unit value is reported for the derivative award and corresponds to the economic measurement used for the phantom stock tied to Lakeland Financial’s common shares.
When can the Lakeland Financial (LKFN) phantom stock granted to the director be exercised?
The phantom stock units are exercisable only after the director’s retirement from the Board. According to the disclosure, the phantom shares both become exercisable and expire upon retirement, defining the timeframe in which the director may receive common stock.
How do Lakeland Financial (LKFN) phantom stock units relate to common stock?
Each phantom stock unit granted to the director corresponds to one share of common stock. The filing states that every phantom stock unit exercises into a single share, making the 49-unit award economically equivalent to 49 shares upon exercise after Board retirement.