Form 4: Lakeland Financial Director Brian J. Smith Increases Stake with Stock and Phantom Unit Acquisitions

Lakeland Financial Corporation Director Brian J. Smith has acquired 650 shares of common stock and 268 phantom stock units, significantly increasing his direct beneficial ownership.

Summary

• Director Brian J. Smith acquired 650 shares of Lakeland Financial Corporation common stock on July 8, 2025, at a price of $0, indicating a grant or award.
• Following this transaction, Brian J. Smith directly beneficially owns 41,435 shares of common stock.
• On July 7, 2025, Brian J. Smith also acquired 268 phantom stock units at a value of $65.2852 per unit.
• Each phantom stock unit converts into one share of common stock.
• Phantom stock units are exercisable and expire after the director's retirement from the Board.
• Following this transaction, Brian J. Smith directly beneficially owns 20,091 phantom stock units.

Sentiment

Score: 7

Explanation: The acquisition of additional shares and phantom stock by a director is a positive signal, indicating confidence in the company's future performance and aligning the director's interests with those of shareholders.

Positives

• Director Brian J. Smith increased his direct beneficial ownership of Lakeland Financial Corporation common stock by 650 shares through an acquisition.
• The acquisition of 268 phantom stock units further aligns the director's interests with shareholders, as these units convert to common stock upon retirement.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholders due to increased beneficial ownership.

Key Dates

Keywords

Lakeland Financial Corporation, LKFN, Brian J. Smith, Director, SEC Form 4, Insider Transaction, Stock Acquisition, Phantom Stock, Beneficial Ownership, Corporate Governance