Augsburger Blake 4

What Happened
Blake Augsburger, a director of Lakeland Financial Corp (LKFN), was granted 160 phantom stock units on 2026-02-05. The units are recorded at an underlying price of $62.10 each, for a notional value of $9,936. This was an award/derivative grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-05; filing date: 2026-02-06 (filed timely).
• Grant: 160 phantom stock units @ $62.10 each; total notional value ~$9,936.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes from the filing: (F1) each phantom unit converts to 1 share of common stock; (F2) phantom stock is exercisable after the director’s retirement; (F3) phantom shares expire after the director’s retirement.
• Transaction type: Award/Grant of a derivative (phantom stock), not a cash purchase or sale.

Context
Phantom stock units are contractual rights that typically convert to actual shares (or cash/stock value) at a future event — here, tied to the director’s retirement. Because they aren’t immediate share purchases, they do not increase current voting power or outstanding shares until conversion; they are a form of director compensation rather than an indicator of an immediate bullish or bearish trading decision.