Gutman Carrie 4

What Happened

• Carrie Gutman, Senior Vice President of Lakeland Financial Corp (LKFN), received equity awards totaling 2,383 shares (763 shares on 2026-02-02 and 1,620 shares on 2026-02-03). The awards are reported with a $0 acquisition price (code A), indicating grant/vesting rather than an open-market purchase.
• On 2026-02-02, 321 shares were surrendered/withheld to cover tax withholding (code F) at a reported price of $60.76 per share, yielding $19,504. This withholding is a tax-related disposition, not a market sale.

Key Details

• Transaction dates: Awards — 2026-02-02 (763 shares) and 2026-02-03 (1,620 shares); Tax withholding — 2026-02-02 (321 shares).
• Prices reported: Awards listed at $0.00 (acquisition price for grants/vests); withholding price used = $60.76/share, totaling $19,504.
• Shares owned after transaction: Not specified in the provided excerpt of the filing (check the full Form 4 for "Amount of Securities Beneficially Owned" if needed).
• Footnotes/transaction codes: A = Award/Grant; F = Payment of exercise price or tax liability (here used for share withholding to satisfy taxes).
• Filing timeliness: Report filed 2026-02-04 for transactions on 2026-02-02 and 02-03 — appears timely (Form 4 is due within two business days).

Context

• These entries reflect receipt of equity awards and routine tax withholding at vesting. The withholding (code F) is a common administrative action and should not be interpreted as an open-market sale or directional bet on the stock.
• If you want to assess the economic scale: using the $60.76/share price reported for the withholding, the 321 withheld shares were worth $19,504; at that same price the full 2,383-share award would be roughly $145k (this uses the withholding price as an illustrative market value).