Truex Melinda Jo 4

What Happened
Melinda Jo Truex, a director of Lakeland Financial Corp (LKFN), was granted 87 Phantom Stock units on 2026-02-05. The units are valued at $62.10 each for a total grant value of $5,403. This was an award/compensation (derivative grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-05; filing date: 2026-02-06 (timely).
• Transaction type/code: Award/Grant (A) — Phantom Stock units treated as derivative awards.
• Quantity/price/value: 87 units @ $62.10 = $5,403.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — each Phantom Stock unit converts into 1 share of common stock; F2 — the Phantom Stock will be delivered in the 6 remaining annual installments.
• No indication of tax withholding, 10b5-1 plan, or late filing in this report.

Context
Phantom stock units are a form of deferred compensation that convert into actual shares (or their cash value) according to a vesting/delivery schedule. Because delivery here is spread over six annual installments, Truex does not receive all shares immediately; this is a routine director compensation event and should be viewed as pay-related rather than a direct bullish or bearish trade signal.