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

Director Emily E. Pichon of Lakeland Financial Corporation reports acquiring 7 units of phantom stock on August 5, 2024, exercisable into common stock upon retirement.

Summary

• On August 5, 2024, Emily E. Pichon, a director of Lakeland Financial Corporation, reported acquiring 7 units of phantom stock.
• Each phantom stock unit can be exercised into one share of common stock.
• The phantom stock is exercisable and expires upon the director's retirement from the board.
• The price of the phantom stock at the time of acquisition was $62.3449 per unit.
• Following the transaction, Pichon directly owns 897 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the transaction itself doesn't indicate a particularly positive or negative outlook. It's a standard part of executive compensation.

Future Outlook

The phantom stock is exercisable and expires upon the director's retirement as a Board member.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities. This allows investors to track insider sentiment and potential future actions.

Key Dates