Christian Darrianne P 4

What Happened

• Christian Darrianne P, a director of Lakeland Financial Corp (LKFN), received an award of 46 phantom stock units on May 5, 2026. The units are reported at $61.92 each for a total grant value of $2,848. This was recorded as a derivative award (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-05-05; Filing date (Form 4): 2026-05-06 (timely).
• Award: 46 phantom stock units at $61.92 per unit; total reported value $2,848.
• Type: Derivative grant/award (code A).
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: (F1) Each phantom unit converts into one common share. (F2/F3) The phantom stock is described as exercisable after the director’s retirement as a Board member and also noted to expire after the director’s retirement.
• No indication of a 10b5-1 plan, sale, or tax withholding in the provided details.

Context

• This was an award of phantom (synthetic) stock, which is typically a deferred compensation vehicle that converts to actual shares under specified conditions — here, the filing states conversion/exercise terms tied to the director’s retirement. Because this is a grant (not a purchase or sale), it does not by itself signal a buy/sell sentiment about the company’s stock.