Hurford Jennifer M 4

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.