[SCHEDULE 13G] Lakeland Financial Corp SEC Filing

Rhea-AI Filing Summary

State Street Corporation reports beneficial ownership of 1,354,542 shares of Lakeland Financial Corp common stock, representing 5.3% of the class. The filing shows 0 shares as sole voting or dispositive power and indicates 174,416 shares of shared voting power and 1,354,542 shares of shared dispositive power, implying control of voting and disposition is held jointly or through accounts reported as shared.

The filing lists several State Street investment-advisor subsidiaries as relevant parties and includes a certification that the securities are held in the ordinary course of business and not to change or influence control of the issuer.

Positive

• Beneficial ownership exceeds 5%: 1,354,542 shares, representing 5.3% of the class
• Certification of ordinary course: filer states holdings were acquired and are held in the ordinary course of business and not to influence control
• Identified advisory affiliates: multiple State Street investment-advisor subsidiaries are listed, clarifying which entities are associated with the holdings

Negative

• No sole voting or dispositive power reported (0 shares), indicating the filer does not claim direct control
• Change history not provided in this filing text: the document does not state whether the reported position increased or decreased relative to prior filings

Insights

Financial Analyst

TL;DR: Institutional investor transparency: a >5% passive stake disclosed with no sole voting control.

The Schedule 13G shows State Street beneficially owns 1,354,542 shares of Lakeland Financial, equal to 5.3% of outstanding common stock. The absence of sole voting or dispositive power (both reported as 0) indicates State Street is not exercising direct control; however, substantial shared dispositive power is reported at the full 1,354,542 shares, which is relevant for shareholder base analysis. The filing also identifies multiple State Street advisory subsidiaries as holders, clarifying which affiliates manage these positions on clients' behalf.

Corporate Governance Expert

TL;DR: Disclosure signals passive, agency-held position with formal certification against control intent.

The registrant certified that the holdings are in the ordinary course of business and not intended to influence control, consistent with a Schedule 13G passive disclosure. Reported shared voting power of 174,416 and shared dispositive power of 1,354,542 are important for governance analyses because they quantify the scale of influence via aggregated client accounts or pooled vehicles rather than direct, sole authority. The inclusion of named State Street affiliates provides clarity on which investment-advisory entities are associated with the position.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

LAKELAND FINANCIAL CORP

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

511656100

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 511656100

1

Names of Reporting Persons

STATE STREET CORPORATION

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MASSACHUSETTS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 174,416.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,354,542.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,354,542.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: LAKELAND FINANCIAL CORP
(b)	Address of issuer's principal executive offices: 202 EAST CENTER STREET PO BOX 1387 , WARSAW, INDIANA, 46580
Item 2.
(a)	Name of person filing: STATE STREET CORPORATION;
(b)	Address or principal business office or, if none, residence: ONE CONGRESS STREET, SUITE 1, BOSTON MA 02114, UNITED STATES
(c)	Citizenship: MA
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 511656100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1354542.00
(b)	Percent of class: 5.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 174,416
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,354,542
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. NOT APPLICABLE
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. SSGA FUNDS MANAGEMENT, INC. (IA);STATE STREET GLOBAL ADVISORS EUROPE LIMITED (IA);STATE STREET GLOBAL ADVISORS LIMITED (IA);STATE STREET GLOBAL ADVISORS TRUST COMPANY (IA);STATE STREET GLOBAL ADVISORS, LTD. (IA);
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. NOT APPLICABLE
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. NOT APPLICABLE

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

STATE STREET CORPORATION

Signature:	ELIZABETH SCHAEFER
Name/Title:	SENIOR VICE PRESIDENT, CHIEF ACCOUNTING OFFICER
Date:	08/08/2025

FAQ

How many LKFN shares does State Street beneficially own?

1,354,542 shares, representing 5.3% of Lakeland Financial Corp common stock as reported in this Schedule 13G

What voting power does State Street report for LKFN?

0 shares of sole voting power and 174,416 shares of shared voting power are reported

Does State Street report sole dispositive power over the LKFN shares?

No. The filing reports 0 shares of sole dispositive power and 1,354,542 shares of shared dispositive power

Which State Street entities are identified in the filing?

The filing names several affiliates including SSGA Funds Management, Inc., State Street Global Advisors Europe Limited, State Street Global Advisors Limited, State Street Global Advisors Trust Company, and State Street Global Advisors, Ltd.

Does the filing say State Street intends to influence control of LKFN?

No. The certification states the securities are held in the ordinary course of business and were not acquired or are not held for the purpose of changing or influencing control

What percentage of LKFN is represented by the reported shares?

5.3% of the class is represented by the 1,354,542 shares disclosed