PICHON EMILY E 4

What Happened

• Emily E. Pichon, a director of Lakeland Financial Corp (LKFN), was granted 8 phantom stock units on 2026-02-05. The grant is reported as a derivative award (code A) with an indicated per-share value of $62.10, totaling approximately $497. This was an award/compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-02-05; 8 units at $62.10 per share (total ≈ $497).
• Transaction type: Award/Grant (derivative phantom stock units).
• Shares owned after transaction: Not reported in this filing.
• Footnotes from the filing:
  • F1: Each phantom stock unit converts into 1 share of common stock.
  • F2: Phantom stock is exercisable after the director’s retirement as a board member.
  • F3: Phantom shares expire after the director’s retirement as a board member.
• Filing timeliness: Report filed 2026-02-06 for a 2026-02-05 transaction — no late filing indicated.

Context

• These phantom stock units are a form of director compensation and represent a derivative award that can convert into common shares per the footnotes; they are not an immediate market purchase or sale. Because the units are exercisable only in connection with the director’s retirement (per the filing) and have limited immediate market impact, this grant is primarily a compensation event rather than a direct signal of insider buying or selling. The dollar value is small (~$497), which is typical for a modest director grant.