Form 4: Lakeland Financial Corp Director Abbasi Faraz Reports Phantom Stock Transaction
SEC Form 4 Filing
Director Faraz Abbasi of Lakeland Financial Corporation reports acquisition of phantom stock units exercisable into common stock.
Summary
- On February 5, 2025, Faraz Abbasi, a director of Lakeland Financial Corporation, reported a transaction involving phantom stock.
- Abbasi acquired 13 phantom stock units, each exercisable into one share of common stock.
- The price of the phantom stock was $66.95.
- Following the transaction, Abbasi directly owns 1,753 derivative securities.
- The phantom stock is exercisable and expires upon Abbasi's retirement as a board member.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to the market.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Date of the phantom stock transaction and filing date of the Form 4. |
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