Donovan James Rickard 4

What Happened

• Donovan James Rickard, SVP & General Counsel of Lakeland Financial (LKFN), received equity awards and had shares withheld to satisfy tax liabilities. He was granted 1,275 shares (2/2/2026) and 1,802 shares (2/3/2026) at $0.00 (awards). On 2/2/2026, 945 shares were disposed (withheld) at $60.76 to cover tax/payment obligations, generating $57,418. Separately, on 12/31/2025 he acquired 37 shares at $61.96 (value $2,293), attributed to 401(k) activity.

Key Details

• Transaction dates and prices:
  • 2026-02-03: Award — 1,802 shares @ $0.00 (acquired)
  • 2026-02-02: Award — 1,275 shares @ $0.00 (acquired)
  • 2026-02-02: Tax/payment withholding — 945 shares @ $60.76 (disposed) = $57,418
  • 2025-12-31: 401(k) / dividend reinvestment — 37 shares @ $61.96 (acquired) = $2,293
• Total awarded shares: 3,077 (1,275 + 1,802). Total withheld/sold for tax/payment: 945 shares (~$57.4K).
• Footnote: F1 indicates the 37-share acquisition reflects salary redirection and/or dividend reinvestment in a 401(k) plan for 2025.
• Shares owned after these transactions: not specified in the provided filing excerpt.
• Filing timeliness: no late-filing flag shown in the provided data.

Context

• The zero-dollar entries are equity awards/grants (code A); the 945-share disposition (code F) represents payment of an exercise price or tax liability (routine withholding), not a market-sale signal of intent to reduce holdings.
• 401(k) purchases and dividend reinvestment (the 37 shares) are routine employee contributions and generally not interpreted as a directional vote on the stock.
• For retail investors: awards and related tax-withholding are common compensation events. Purchases (401k contributions) are modest; the tax withholding is a mechanical step tied to the award, not an independent decision to sell shares.