Toothaker Bradley J 4

What Happened
Bradley J. Toothaker, a director of Lakeland Financial Corp. (LKFN), was granted 160 phantom stock units on 2026-05-05. The units are reported at $61.92 each for a total value of $9,907. The transaction is coded as an award/grant (A) and is a derivative-based award rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-05; filing date: 2026-05-06 (filed within the Form 4 reporting window).
• Price/value: 160 units × $61.92 = $9,907 (derivative award). Transaction code: A (award/grant).
• Shares owned after transaction: not specified in the filing.
• Notable footnotes from the filing:
  • F1: Each phantom stock unit converts into one 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.
• No indication of an immediate sale or cashless exercise — these are deferred/derivative units.

Context
Phantom stock units are a form of deferred compensation that can convert into actual shares (or cash equivalent) under plan terms; here the units are tied to director retirement conditions per the footnotes. Because this is an award rather than a market purchase, it doesn't represent an immediate personal cash investment signal; the monetary value is modest (~$9.9k).