Christian Darrianne P 4

What Happened Christian Darrianne P, a director of Lakeland Financial Corp. (LKFN), was granted 45 phantom stock units on 2026-02-05. The units are reported at $62.10 each, for a total reported value of $2,795. This was an award/grant (derivative) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-05; Filing date (Form 4): 2026-02-06 (timely filing).
• Instrument: 45 phantom stock units (derivative award) recorded at $62.10/unit; total $2,795.
• Transaction code: A = Award/Grant (derivative).
• Shares owned after transaction: Not specified in the filing.
• Footnotes from the filing:
  • F1: Each phantom stock unit converts into 1 share of common stock.
  • F2: Phantom stock becomes exercisable after the director’s retirement from the board.
  • F3: Phantom shares expire per plan terms after the director’s retirement.

Context This was a phantom-stock grant (a derivative award). Phantom units do not represent immediate common-stock transfers; per the footnotes they convert 1:1 into shares under plan rules and appear tied to post-retirement vesting/exercise and expiration conditions. Because this is an award to a director, it’s a routine compensation/retention action rather than a market buy/sell signal.