Form 4: Lakeland Financial Corp Director Pichon Emily E Reports Acquisition of Phantom Stock

Director Emily E. Pichon of Lakeland Financial Corporation reports acquiring phantom stock units convertible to common stock.

Summary

• On November 5, 2024, Emily E. Pichon, a director of Lakeland Financial Corporation, reported a transaction involving phantom stock.
• Pichon acquired 7 units of phantom stock, each convertible into one share of common stock.
• The price of the phantom stock was $65.7106.
• Following the transaction, Pichon directly owns 904 derivative securities.
• The phantom stock is exercisable and expires upon the director's retirement as a Board member.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.

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