Form 4: Lakeland Financial Corp Director Augsburger Acquires Phantom Stock
SEC Form 4 Filing
Director Blake Augsburger acquired 127 units of phantom stock in Lakeland Financial Corp on May 6, 2024.
Summary
- On May 6, 2024, Blake Augsburger, a director of Lakeland Financial Corp, acquired 127 units of phantom stock at a price of $61.8737 per unit.
- Following the transaction, Augsburger directly owns 16,417 derivative securities.
- The phantom stock units are exercisable into shares of common stock after the director's retirement as a Board member and expire after the director's retirement.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction, which is neither inherently positive nor negative.
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 trading activities of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves phantom stock, which is a form of deferred compensation for the director.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of transaction: Blake Augsburger acquired phantom stock. |
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