Lakeland Financial (LKFN) EVP Stephanie Leniski Sells 1,665 Shares

What Happened Stephanie R. Leniski, Executive Vice President of Lakeland Financial Corp. (LKFN), reported multiple transactions: an open-market sale of 1,665 shares on 2026-02-04 for $62.76 each (proceeds $104,487), receipt of awards/grants totaling 4,017 shares (1,417 on 2026-02-02 and 2,600 on 2026-02-03) recorded at $0.00, a 754-share acquisition on 2025-12-31 via salary redirection/dividend reinvestment (value $46,718), and 792 shares recorded on 2026-02-02 for payment of tax liability (value $48,122).

This mix includes awards/vestings and plan-directed acquisitions (not market purchases) alongside a routine open-market sale. Awards and 401(k)/dividend plan contributions are typically nondiscretionary compensation or plan activity rather than active purchases.

Key Details

• Sale: 1,665 shares disposed on 2026-02-04 at $62.76 each — proceeds $104,487 (S).
• Awards/grants: 1,417 shares on 2026-02-02 and 2,600 shares on 2026-02-03, recorded at $0.00 (A).
• Plan-directed acquisition: 754 shares on 2025-12-31 at $61.96 — $46,718; footnote F1 says salary redirection/dividend reinvestment into 401(k).
• Tax/withholding: 792 shares on 2026-02-02 at $60.76 — $48,122 (F), indicating shares used to cover tax liability.
• Shares owned after these transactions: not disclosed in the filing.
• Timeliness: The filing was submitted 2026-02-04; the 2025-12-31 acquisition was reported more than two business days after that transaction.

Context

• Awards recorded at $0.00 usually reflect equity grants or vesting (e.g., restricted stock units) rather than open-market purchases.
• The 792-share F entry represents shares applied to satisfy tax withholding or related obligations, not a market purchase.
• Routine plan activity (401(k) deferrals/dividend reinvestment) and executive awards are common and do not necessarily signal a personal buy/sell decision.