WELCH M SCOTT 4

What Happened
Welch M. Scott, a director of Lakeland Financial Corp. (LKFN), was granted 505 phantom stock units on 2026-02-05. The units are recorded at $62.10 each, for a total value of $31,361. This transaction is an award/grant (derivative award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-05; filing date (Form 4): 2026-02-06 (timely filed).
• Grant: 505 phantom stock units @ $62.10 per unit; total value $31,361. (Transaction code A = Award/Grant)
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: (F1) Each phantom stock unit converts into 1 share of common stock. (F2) Phantom stock is exercisable after the director retires from the Board. (F3) Phantom shares expire after the director’s retirement.
• No sale or immediate share issuance reported; these are deferred/derivative awards.

Context
Phantom stock units are a form of deferred compensation that typically convert to actual shares (or their cash value) at a later event — here, retirement from the board. Because the units are not sold or exchanged immediately, this grant is a routine director compensation action rather than a direct market trade or an immediate bullish/bearish signal.