Augsburger Blake 4

What Happened
Blake Augsburger, a director of Lakeland Financial Corp. (LKFN), was granted 609 phantom stock units on 2026-07-08. The filing reports an acquisition value of $61.55 per unit, totaling $37,483. This was an awarded derivative grant (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-07-08; filing date: 2026-07-10 (filing appears timely).
• Instrument: 609 phantom stock units (derivative award) @ $61.55 per unit; total reported value $37,483.
• Shares owned after transaction: Not disclosed in this Form 4.
• 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.
• Transaction type: A = Award/Grant (derivative); not a purchase or sale of underlying shares.

Context
Phantom stock is a form of deferred/retirement‑linked compensation. According to the footnotes, these units convert 1:1 into shares but are tied to the director’s retirement (and appear to have expiration terms tied to retirement), so they do not provide immediate ownership or market exposure. Awards to directors are routine compensation and do not by themselves indicate a current buy/sell signal.