Form 4: Lakeland Financial Corp Director Augsburger Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director Blake Augsburger of Lakeland Financial Corp reports acquiring phantom stock units convertible to common stock.
Summary
- On July 5, 2024, Blake Augsburger, a director of Lakeland Financial Corp (LKFN), acquired 494 phantom stock units.
- These phantom stock units are convertible into shares of common stock.
- The price of the phantom stock is $60.6684.
- Following the transaction, Augsburger beneficially owns 16,911 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 a transaction involving phantom stock. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the holdings of company directors.
Key Dates
| Date | Description |
|---|---|
| 07/05/2024 | Date of phantom stock acquisition |
| 07/08/2024 | Date of signature on the Form 4 filing |
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