Lakeland Financial (LKFN) Director Christian Darrianne Receives Award

What Happened
Christian Darrianne, a director of Lakeland Financial Corp. (LKFN), was granted 49 phantom stock units on August 5, 2026. The units are recorded at $63.25 each for a notional value of $3,099. This was an award (derivative grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-05 (reported on Form 4 filed 2026-08-06). Filing appears timely.
• Grant type/code: A (Award/Grant/Acquisition) — derivative (phantom stock units).
• Quantity and value: 49 units × $63.25 = $3,099 (notional).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes from the filing:
  • Each phantom stock unit converts into 1 share of common stock (F1).
  • Phantom stock is exercisable after the director’s retirement as a Board member (F2).
  • Phantom shares expire after the director’s retirement as a Board member (F3).

Context
This is a compensation-style award of phantom/derivative units that do not represent immediately tradable shares. According to the footnotes, the units convert into common stock (1:1) and are tied to the director’s retirement as a board member—meaning they become exercisable (and subject to expiration) in connection with that event. Such grants are routine director compensation and do not indicate an immediate buy or sell of company stock.