Augsburger Blake 4

What Happened Blake Augsburger, a director of Lakeland Financial Corp. (LKFN), was granted 163 phantom stock units on 2026-05-05. The award is reported at $61.92 per unit for a total reported value of $10,093. This was an award/derivative acquisition (transaction code A), not an open-market purchase or sale of company shares.

Key Details

• Transaction date: 2026-05-05; filing date: 2026-05-06 (filed the next day).
• Instrument: 163 phantom stock units (derivative), $61.92 per unit; total $10,093.
• Transaction type/code: Grant/Award (A) — derivative acquisition, not an immediate share purchase.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes from the filing:
  • Each phantom stock unit converts into 1 share of common stock (F1).
  • Phantom stock is exercisable after the director’s retirement as a Board member (F2).
  • Phantom shares expire after the director’s retirement as a Board member (F3).

Context Phantom stock units are a form of deferred compensation tied to the company’s shares; they don’t represent immediate voting stock or market-traded shares until converted/paid out per plan terms. According to the filing footnotes, these units relate to post-retirement exercise/settlement, so this award is compensation-related rather than a market-directional purchase by the director.