Form 4: Lakeland Financial Corp Director Acquires Phantom Stock Units
SEC Form 4 Filing
Director Brian J Smith acquired 145 phantom stock units of Lakeland Financial Corporation on February 5, 2025, according to a Form 4 filing.
Summary
- On February 5, 2025, Brian J Smith, a director of Lakeland Financial Corporation, acquired 145 phantom stock units.
- These phantom stock units are exercisable into common stock after the director's retirement as a Board member.
- The price of the phantom stock is $66.95.
- Following the transaction, Mr. Smith directly owns 19,656 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders (directors, officers, or those holding more than 10% of a company's shares) buy or sell their company's stock. This provides transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Date of transaction: Brian J Smith acquired 145 phantom stock units. |
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