Lakeland Financial (LKFN) Director Blake Augsburger Receives Award

What Happened Blake Augsburger, a director of Lakeland Financial Corp. (LKFN), was granted 165 phantom stock units on 2026-08-05 valued at $63.25 each, for a total grant value of $10,436. The filing lists this as an award/acquisition (derivative instrument), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-08-05 — 165 phantom units @ $63.25 each (total $10,436). Transaction type: A (award/acquisition, derivative).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes:
  • Each phantom stock unit converts into 1 share of common stock.
  • The phantom stock is exercisable after the director’s retirement as a board member.
  • The phantom shares expire after the director’s retirement (per footnotes).
• Filing timeliness: Reported on 2026-08-06 for the 2026-08-05 transaction; appears filed timely (Form 4 is generally due within two business days).

Context This was a deferred-compensation award (phantom stock), meaning Augsburger did not receive tradable shares immediately — the units convert to common shares in connection with his retirement per the footnotes. Such grants are typically part of director compensation and retention programs and do not by themselves indicate immediate buying or selling sentiment in the market.