Abbasi Faraz 4

What Happened

• Abbasi Faraz, a director of Lakeland Financial Corp. (LKFN), was granted 21 phantom stock units on 2026-05-05. The filing lists a per-unit value of $61.92 for a total grant value of approximately $1,300. This was an award/grant (derivative) rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-05-05; 21 units at $61.92 each (total ~$1,300).
• Transaction type/code: A — Award/Grant of a derivative security (phantom stock units).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes: (1) Each phantom stock unit converts into one share of common stock. (2) The phantom stock is exercisable after the director’s retirement as a board member. (3) Phantom shares expire after the director’s retirement as a board member.
• Filing timeliness: Report filed 2026-05-06 for a 2026-05-05 transaction — appears timely (Form 4s are generally due within 2 business days).

Context

• These are deferred/phantom stock units, meaning Abbasi did not receive actual common shares immediately. The award represents a future right to receive shares (per footnotes) contingent on the director’s retirement from the board, so it’s a deferred-compensation award rather than a market-directional purchase or sale.