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Phantom stock grant to Lakeland Financial (LKFN) board director

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Abbasi Faraz reported acquisition or exercise transactions in this Form 4 filing.

LAKELAND FINANCIAL CORP director Faraz Abbasi received a grant of 24.0000 phantom stock units on 2026-08-05 at a reference price of $63.2500 per unit. Each unit corresponds to one share of common stock and is exercisable only after his retirement from the board. Following this award, Abbasi directly holds 2212.0000 phantom stock units, which expire after he retires as a director.

Positive

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Negative

  • None.
Insider Abbasi Faraz
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock F1, F2, F3 24 $63.25 $2K
Holdings After Transaction: Phantom Stock — 2,212 shares (Direct)
Footnotes (3)
  1. F1. Each phantom stock unit exercises into 1 share of Common Stock.
  2. F2. Phantom stock is exercisable after the directors' retirement as a Board member.
  3. F3. Phantom shares expire after the directors' retirement as a Board member.
Phantom stock units awarded 24.0000 units Grant to director Faraz Abbasi on 2026-08-05
Reference price per phantom unit $63.2500 Price per phantom stock unit for the 2026-08-05 award
Total phantom stock units held 2212.0000 units Direct phantom stock holdings of Faraz Abbasi after the reported grant
Underlying common shares per unit 1 share of Common Stock Each phantom stock unit exercises into 1 share of common stock
Phantom Stock financial
"Security titled "Phantom Stock" was granted to the director."
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 financial
"Phantom stock is exercisable after the directors' retirement as a Board member."
expire financial
"Phantom shares expire after the directors' retirement as a Board member."

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FAQ

What insider transaction did LKFN director Faraz Abbasi report?
Faraz Abbasi reported receiving 24.0000 phantom stock units tied to Lakeland Financial common shares at $63.2500 per unit. The award is a compensation-related grant, not an open-market trade, and increases his total phantom stock holdings to 2212.0000 units.

How many Lakeland Financial (LKFN) phantom stock units does Faraz Abbasi now hold?
After this grant, Faraz Abbasi holds 2212.0000 phantom stock units directly. These units are linked to Lakeland Financial common stock and represent deferred equity-based compensation rather than currently exercisable shares in the market.

At what price were the LKFN phantom stock units granted to Faraz Abbasi?
The phantom stock units were granted at a reference price of $63.2500 per unit. This price is used for valuing the award and does not reflect a cash transaction, since phantom stock is a deferred equity-based compensation instrument.

When can LKFN director Faraz Abbasi exercise his phantom stock units?
Abbasi’s phantom stock units become exercisable after his retirement as a member of the Lakeland Financial board. This means he cannot convert the units into common stock until he leaves board service, aligning the award with long-term board tenure.

What does each LKFN phantom stock unit awarded to Faraz Abbasi represent?
Each phantom stock unit represents 1 share of Lakeland Financial common stock upon exercise. The units track the value of the underlying shares but settle only after Abbasi retires from the board, functioning as deferred equity compensation.

Do the LKFN phantom stock units granted to Faraz Abbasi expire?
Yes. The phantom stock units expire after Abbasi’s retirement as a Lakeland Financial board member. They are both exercisable and subject to expiration after his board service ends, reinforcing their role as long-term director compensation.
SEC Form 4
FORM 4UNITED 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*
Abbasi Faraz
(Last)(First)(Middle)
LAKELAND FINANCIAL CORPORATION
P.O. BOX 1387
(Street)
WARSAW INDIANA 46581
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
LAKELAND FINANCIAL CORP [ LKFN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/05/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock(1)08/05/2026A24 (2) (3)Common Stock24$63.252,212D
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-Fact08/06/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR