Form 4: Lakeland Financial Corp Director Pichon Acquires Phantom Stock
SEC Form 4
Emily E. Pichon, a director of Lakeland Financial Corporation, acquired 6 units of phantom stock on May 6, 2024, exercisable after retirement as a Board member.
Summary
- On May 6, 2024, Emily E. Pichon, a director at Lakeland Financial Corporation, acquired 6 units of phantom stock.
- Each phantom stock unit can be exercised into one share of common stock.
- The price of the phantom stock was $61.8737 per unit.
- The phantom stock is exercisable and expires after the director's retirement as a Board member.
- Following the transaction, Pichon directly owns 890 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding a director's acquisition of phantom stock. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests between management and shareholders.
Stakeholder Impact
- The acquisition of phantom stock by a director aligns their interests with shareholders, as the value of the phantom stock is tied to the company's performance.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of transaction: Emily E. Pichon acquired 6 units of phantom stock. |
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