Form 4: Lakeland Financial Corp Director Acquires Phantom Stock
SEC Form 4 Filing
Director Bradley J. Toothaker acquired 412 phantom stock units of Lakeland Financial Corporation on July 5, 2024.
Summary
- On July 5, 2024, Bradley J. Toothaker, a director of Lakeland Financial Corporation, acquired 412 phantom stock units.
- Each phantom stock unit is equivalent to one share of Common Stock.
- The price of the phantom stock was $60.6684 per unit.
- Following the transaction, Toothaker directly owns 16,843 derivative securities.
- The phantom stock is exercisable and expires after the director's retirement as a Board member.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It simply reports a transaction by a company director.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, such as directors and officers. These filings are closely watched by investors as they can provide insights into management's perspective on the company's stock and future prospects.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment as it indicates a director's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 07/05/2024 | Date of transaction: Bradley J. Toothaker acquired 412 phantom stock units. |
| 07/08/2024 | Date of signature: Becka J. Turnbow, Attorney-in-Fact, signed the form. |
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