Form 4: Lakeland Financial Corp Director Abbasi Faraz Reports Phantom Stock Acquisition

Director Abbasi Faraz reports acquisition of phantom stock units convertible to common stock in Lakeland Financial Corporation.

Summary

• On May 5, 2025, Director Abbasi Faraz reported acquiring 15 phantom stock units of Lakeland Financial Corporation (LKFN).
• Each phantom stock unit is exercisable into one share of common stock after the director's retirement as a Board member.
• The price of the phantom stock is $58.8549.
• Following the transaction, Abbasi Faraz directly owns 1,768 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a transaction by a company insider. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and principal stockholders) of publicly traded companies, providing transparency into their transactions in the company's securities. This allows the public to monitor insider activity, which can sometimes provide insights into the company's prospects.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates

Keywords

Lakeland Financial Corporation, LKFN, Abbasi Faraz, phantom stock, Form 4, director, acquisition, derivative securities