Form 4: Lakeland Financial Corp Director Augsburger Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director Blake Augsburger reports acquisition of phantom stock units in Lakeland Financial Corporation.
Summary
- On May 5, 2025, Blake Augsburger, a director of Lakeland Financial Corporation, reported acquiring 151 units of phantom stock.
- Each phantom stock unit is equivalent to one share of Lakeland Financial Corporation's common stock.
- The price of the phantom stock is $58.8549 per unit.
- Following the transaction, Augsburger directly owns 17,882 derivative securities.
- The phantom stock is exercisable and expires upon the director's retirement from the Board.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of phantom stock aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | Date of transaction: Blake Augsburger acquired phantom stock units. |
| 05/05/2025 | Date of report: Form 4 filing date. |
Keywords
Lakeland Financial Corporation, LKFN, Form 4, Director, Augsburger, Phantom Stock, Beneficial Ownership, Securities
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