Form 4: Lakeland Financial Corp Director Brian J. Smith Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director Brian J. Smith reports acquisition of phantom stock in Lakeland Financial Corporation.
Summary
- On May 5, 2025, Brian J. Smith, a director of Lakeland Financial Corporation, reported acquiring 167 units of phantom stock.
- Each phantom stock unit is equivalent to one share of common stock.
- The price of the phantom stock is $58.8549 per unit.
- Following the transaction, Smith directly owns 19,823 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 standard 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 by a director aligns their interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | Date of transaction: Brian J. Smith acquired phantom stock. |
Keywords
Lakeland Financial Corporation, LKFN, Brian J. Smith, phantom stock, derivative securities, Form 4, director, acquisition
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