Form 4: Lakeland Financial Corp Director Toothaker Acquires Phantom Stock
SEC Form 4
Director Bradley J. Toothaker acquired 124 units of phantom stock in Lakeland Financial Corporation on November 5, 2024.
Summary
- On November 5, 2024, Bradley J. Toothaker, a director of Lakeland Financial Corporation, acquired 124 units of phantom stock.
- The price of the phantom stock was $65.7106 per unit.
- Following the transaction, Toothaker directly owns 17,097 shares of common stock.
- The phantom stock units are exercisable after the director's retirement as a Board member and expire after the director's retirement.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves phantom stock, which does not represent an immediate change in the company's equity structure.
Key Dates
| Date | Description |
|---|---|
| 11/05/2024 | Date of transaction: Bradley J. Toothaker acquired phantom stock. |
| 11/06/2024 | Date of signature: Form 4 signed by Becka J. Turnbow, Attorney-in-Fact. |
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