Form 4: Lakeland Financial Corp Director Acquires Phantom Stock
SEC Form 4 Filing
Director Bradley J. Toothaker acquired phantom stock in Lakeland Financial Corporation on February 5, 2025.
Summary
- On February 5, 2025, Bradley J. Toothaker, a director of Lakeland Financial Corporation, acquired 130 units of phantom stock.
- Each phantom stock unit is equivalent to one share of common stock.
- The price of the phantom stock is $66.95 per unit.
- Following the transaction, Toothaker directly owns 17,589 derivative securities.
- The phantom stock is exercisable and expires upon the director'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 a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company's future.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Date of transaction: Bradley J. Toothaker acquired phantom stock. |
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