Starr Daniel Brian 4

What Happened

• Daniel Brian Starr, a director of Lakeland Financial Corp. (LKFN), was granted 3 phantom stock units on 2026-02-05. Each unit is valued at $62.10 for a total reported value of $186. The transaction is reported as an award/acquisition (derivative).

Key Details

• Transaction date: 2026-02-05; Form 4 filed: 2026-02-06 (timely filing).
• Transaction code: A (award/acquisition); reported as a derivative instrument (phantom stock).
• Price/value: $62.10 per unit; total $186.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 — each phantom stock unit converts into 1 share of common stock; F2 — phantom stock is exercisable after the director’s retirement as a board member; F3 — phantom shares expire after the director’s retirement.
• No 10b5-1 plan, tax withholding, or sale noted in the filing.

Context

• These are phantom (deferred) stock units, not immediate common shares; they convert to actual shares only upon the director’s retirement and may expire under the conditions noted. Such small, routine director awards are typically compensation-related and do not by themselves indicate a change in insider sentiment.