Form 4: Lakeland Financial Corp Director Acquires Phantom Stock
SEC Form 4 Filing
Director Bradley J. Toothaker acquired 126 units of phantom stock in Lakeland Financial Corporation on May 6, 2024.
Summary
- On May 6, 2024, Bradley J. Toothaker, a director of Lakeland Financial Corporation, acquired 126 units of phantom stock.
- Each phantom stock unit is equivalent to one share of Common Stock.
- The price of the phantom stock was $61.8737 per unit.
- Following the transaction, Toothaker directly owns 16,431 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 standard regulatory filing detailing an insider transaction, which is neither inherently positive nor negative.
Future Outlook
NA
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves phantom stock and does not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of phantom stock transaction |
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