|4Feb 4, 4:00 PM ET

Hurford Jennifer M 4

4 · LAKELAND FINANCIAL CORP · Filed Feb 4, 2026

Research Summary

AI-generated summary of this filing

Updated

Lakeland Financial (LKFN) SVP Jennifer Hurford Receives Awards

What Happened

  • Jennifer M. Hurford, SVP & Treasurer of Lakeland Financial Corp. (LKFN), received awards and reinvested dividends/salary into company stock and had shares withheld to cover tax obligations.
    • Awards/grants: 425 shares (2026-02-02) and 540 shares (2026-02-03) were reported as grants (code A) at $0.00 (no cash paid).
    • Dividend/401(k) acquisitions: 240 shares and 39 shares on 2025-12-31 at $61.96 each, totaling $14,870 and $2,416 respectively (codes J).
    • Tax withholding/disposition: 280 shares were surrendered on 2026-02-02 at $60.76 each to cover tax liability, producing proceeds of about $17,013 (code F).
  • Net effect: multiple award and reinvestment acquisitions totaling 1,244 shares acquired (965 from grants + 279 reinvested), offset by 280 shares withheld for taxes.

Key Details

  • Transaction dates and prices:
    • 2025-12-31: 240 shares @ $61.96 = $14,870 (J); 39 shares @ $61.96 = $2,416 (J).
    • 2026-02-02: 425 shares @ $0.00 (A); 280 shares @ $60.76 disposed = $17,013 (F).
    • 2026-02-03: 540 shares @ $0.00 (A).
  • Shares owned after transaction: Not specified in the provided filing excerpt.
  • Footnotes: F1 = salary redirection and/or dividend reinvestment in 401(k) plan for 2025; F2 = dividend reinvestment for 2025. The J-code acquisitions reflect these routine plan reinvestments.
  • Timeliness: The filing date is 2026-02-04. The Dec 31, 2025 reinvestment entries were reported later than the typical 2-business-day Form 4 window; the Feb 2–3 events were reported promptly on Feb 4.

Context

  • The grants at $0.00 (code A) are awards (likely RSUs or similar) and do not require cash outlay by the insider. The 280-share disposition (code F) was a tax withholding/payment of tax liability—not an open-market sale—so it’s a routine administrative action rather than a directional bet on the stock.
  • Dividend reinvestments and 401(k) salary redirection (codes J and footnotes) are standard, ongoing employee actions and usually don’t imply changed insider confidence.

Insider Transaction Report

Form 4
Period: 2025-12-31
Hurford Jennifer M
SVP & Treasurer
Transactions
  • Award

    Common Stock

    2026-02-03+5409,185 total
  • Other

    Common Stock

    [F1]
    2025-12-31$61.96/sh+39$2,416624 total(indirect: By 401(k))
  • Other

    Common Stock

    [F2]
    2025-12-31$61.96/sh+240$14,8709,425 total
  • Award

    Common Stock

    2026-02-02+4259,850 total
  • Tax Payment

    Common Stock

    2026-02-02$60.76/sh280$17,0139,570 total
Footnotes (2)
  • [F1]Salary redirection and/or dividend reinvestment in 401(k) plan for 2025.
  • [F2]Dividend reinvestment for 2025.
Signature
/s/ Becka J. Turnbow, Attorney-in-Fact|2026-02-04

Documents

1 file
  • 4
    wk-form4_1770238851.xmlPrimary

    FORM 4