Toothaker Bradley J 4

What Happened
Bradley J. Toothaker, a director of Lakeland Financial Corp. (LKFN), was granted 158 phantom stock units on 2026-02-05. The award is reported as a derivative acquisition (Code A) at a grant value of $62.10 per unit, totaling $9,812. This was a compensation/award grant (phantom shares), not an open-market purchase.

Key Details

• Transaction date: 2026-02-05; Form 4 filed 2026-02-06 (timely filing).
• Transaction type: Grant/Award of phantom stock units (Derivative, Code A).
• Quantity and value: 158 units @ $62.10 each = $9,812 total.
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes from the filing: each phantom unit converts to one common share (F1); units become exercisable upon the director’s retirement as a board member (F2); units expire after the director’s retirement (F3).
• No 10b5-1 sale or immediate market sale was reported in this filing.

Context
Phantom stock units are a form of deferred compensation for directors that convert into (or mirror) common shares at a later date—here, tied to the director’s retirement. Because this is an award for service rather than an open-market purchase or sale, it’s typically considered routine compensation and does not necessarily signal an insider buying or selling the stock today.