Toothaker Bradley J 4

What Happened

• Bradley J. Toothaker, a director of Lakeland Financial Corp (LKFN), was granted 487 phantom stock units on 2026-07-08.
• The units are valued at $61.55 each for a total grant value of $29,974. This was an award/derivative grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-08; Form 4 filed: 2026-07-10 (appears timely).
• Grant: 487 phantom stock units @ $61.55 per unit; total value reported $29,974.
• Shares owned after transaction: Not disclosed in this filing.
• 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.
• Transaction type: Award/Grant (derivative); no sale or immediate purchase of common shares.

Context

• Phantom stock units are a form of deferred/long-term compensation that typically convert to actual shares (or cash) under specified conditions — here, tied to the director’s retirement. Because conversion occurs at a future event, this award does not reflect an immediate buy or sell decision and may not indicate current market sentiment.
• The grant value (~$30k) is modest for board compensation and is routine for director pay packages.