Form 4: Lakeland Financial Corp Director Acquires Phantom Stock
SEC Form 4 Filing
Director Brian J Smith acquired 139 units of phantom stock in Lakeland Financial Corporation on November 5, 2024.
Summary
- On November 5, 2024, Brian J Smith, a director of Lakeland Financial Corporation, acquired 139 units of phantom stock.
- Each phantom stock unit is equivalent to one share of common stock.
- The price of the phantom stock is $65.7106 per unit.
- Following the transaction, Smith directly owns 19,257 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 detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. This provides transparency to the market regarding insider activity.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 11/05/2024 | Date of transaction: Brian J Smith acquired phantom stock. |
| 11/06/2024 | Date of signature on the Form 4 filing. |
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