Form 4: Lakeland Financial Corp Director Acquires Phantom Stock

Director Bradley J. Toothaker acquired phantom stock in Lakeland Financial Corporation on August 5, 2024.

Summary

• On August 5, 2024, Bradley J. Toothaker, a director of Lakeland Financial Corporation, acquired 130 units of phantom stock.
• The phantom stock is exercisable after the director's retirement as a Board member and expires after the director's retirement as a Board member.
• Each phantom stock unit can be converted into one share of Common Stock.
• The price of the phantom stock is $62.3449.
• Following the transaction, Toothaker directly owns 16,973 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a transaction by a company director. 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.

Stakeholder Impact

• The acquisition of phantom stock by a director could be viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates