Lahrman Brok A 4

What Happened
Brok A. Lahrman, SVP and Chief Accounting Officer of Lakeland Financial Corp (LKFN), recorded multiple transactions: an open-market sale of 275 shares on 2026-02-02 for $60.76/share (proceeds $16,709), a 401(k) acquisition of 80 shares on 2025-12-31 at $61.96/share (cost $4,957), and two award/grant acquisitions — 425 shares on 2026-02-02 and 740 shares on 2026-02-03 — each reported at $0.00 (typical for vested awards/RSUs). Overall, Lahrman’s reported net change across these transactions is a gain of 970 shares (1,245 acquired vs. 275 sold); cash proceeds exceed cash contributions by $11,752.

Key Details

• Transactions and prices:
  • 2025-12-31: Acquisition (J) — 80 shares @ $61.96; $4,957 (salary redirection/dividend reinvestment).
  • 2026-02-02: Award/Grant (A) — 425 shares @ $0.00.
  • 2026-02-02: Sale (S) — 275 shares @ $60.76; $16,709 proceeds.
  • 2026-02-03: Award/Grant (A) — 740 shares @ $0.00.
• Total shares acquired: 1,245; total shares sold: 275; net increase: +970 shares.
• Shares owned after the transactions: not disclosed in the provided Form 4 excerpt.
• Footnote F1: the 80-share acquisition was via salary redirection and/or dividend reinvestment in the 401(k) plan for 2025.
• Filing: Form 4 filed 2026-02-04 covering the 2025-12-31 period; no late-filing indication provided.

Context

• Award/grant entries at $0.00 typically reflect vested equity awards (RSUs/stock grants) rather than purchases; they increase reported holdings without cash outlay.
• The 401(k) acquisition is a routine payroll or dividend reinvestment transaction. The open-market sale generated modest proceeds and may be routine disposition rather than a directional signal.
• No indication this insider is a 10% owner; these are officer transactions reported on a Form 4.