Christian Darrianne P 4

What Happened
Christian Darrianne, a director of Lakeland Financial Corp (LKFN), was granted 446 phantom stock units on July 8, 2026. The filing values the award at $61.55 per unit, for a total reported value of $27,451. This is an award of derivative units (not an open-market purchase of common shares).

Key Details

• Transaction date and terms: July 8, 2026 — 446 phantom stock units @ $61.55 each (total $27,451).
• Security type: Derivative award (phantom stock units) — reporting code A (award/grant).
• 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 units are exercisable after the director's retirement from the board.
  • F3: Phantom stock units expire after the director's retirement from the board.
• Filing timeliness: Reported on Form 4 filed July 10, 2026 (filed within the customary 2-business-day window).

Context
Phantom stock units are a deferred-compensation vehicle: they do not represent immediate share ownership or a sale. According to the footnotes, these units will convert into shares only upon the director's retirement from the board and will expire at that time if not exercised. Such awards are typically retention or long-term compensation rather than a direct bullish or bearish signal about near-term share-price expectations.