Lakeland Financial director gets phantom stock grant

PICHON EMILY E reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

PICHON EMILY E reported acquisition or exercise transactions in this Form 4 filing.

Lakeland Financial Corp director Emily E. Pichon received a grant of 7 phantom stock units on May 5, 2026, tied 1-for-1 to the company’s common stock at a reference value of $61.9216 per unit. This compensation award increases her phantom stock holdings to 949 units. According to the terms, each phantom unit becomes exercisable and ultimately expires after her retirement from the Board, meaning there is no immediate share issuance or open-market transaction.

Insider Trade Summary

Grant/Award: 7 shares

Grant/Award 1 txn

Insider PICHON EMILY E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	7	$61.9216	$433.45

Holdings After Transaction: Phantom Stock — 949 contracts (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.

Key Figures

Phantom stock grant: 7 units Reference value per unit: $61.9216 Total phantom stock holdings: 949 units +2 more

5 metrics

Phantom stock grant 7 units Grant to director Emily E. Pichon on May 5, 2026

Reference value per unit $61.9216 Per-unit price for granted phantom stock

Total phantom stock holdings 949 units Phantom stock units held after the transaction

Underlying security 7 shares common stock Each phantom unit corresponds to one common share

Exercise timing After Board retirement Phantom stock exercisable following director’s retirement

Key Terms

Phantom Stock, phantom stock unit, Common Stock, exercisable, +1 more

5 terms

Phantom Stock financial

"Each phantom stock unit exercises into 1 share of Common Stock."

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."

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.

exercisable financial

"Phantom stock is exercisable after the directors' retirement as a Board member."

expires financial

"Phantom shares expire after the directors' retirement as a Board member."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did LKFN director Emily Pichon report?

Emily E. Pichon reported receiving a grant of 7 phantom stock units tied to Lakeland Financial common stock. The grant is a compensation award, not an open-market purchase, and increases her total phantom stock balance to 949 units following the transaction.

How many LKFN phantom stock units does Emily Pichon hold after this grant?

After the May 5, 2026 grant, Emily E. Pichon holds 949 phantom stock units. Each unit is linked one-for-one to a share of Lakeland Financial common stock, providing equity-based compensation aligned with shareholder value without immediate issuance of actual shares.

What is the value reference for Emily Pichon’s new LKFN phantom stock units?

The 7 newly granted phantom stock units use a reference value of $61.9216 per unit. This figure reflects the per-unit price noted in the award, helping quantify the grant’s size for disclosure, though no cash changes hands at grant and no shares are immediately issued.

When can Emily Pichon’s LKFN phantom stock units be exercised?

The phantom stock units are exercisable after Emily E. Pichon retires as a Board member. Footnotes state that the units both become exercisable and ultimately expire following retirement, tying payout timing to the end of her Board service rather than short-term market events.

Do Emily Pichon’s LKFN phantom stock units convert into common shares?

Each phantom stock unit corresponds to one share of Lakeland Financial common stock. The filing notes that each phantom unit exercises into one common share, with exercisability and expiration both occurring after the director’s retirement, aligning compensation with long-term board tenure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/06/2026 - 09:02 AM Learn about SEC filing dates

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 INDIANA 46581-1387

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(1)	05/05/2026		A		7		(2)	(3)	Common Stock	7	$61.9216	949	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	05/05/2026
	** 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.
* Form 4: SEC 1474 (03-26)