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[Form 4] Lakeland Financial Corp Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Lakeland Financial Corp (LKFN) � Form 4 insider activity: Director M. Scott Welch reported the acquisition of 480 phantom stock units on 08 Aug 2025 (transaction code A). Each phantom unit is economically equivalent to one share of LKFN common stock and will automatically convert to shares after the director retires from the board. The units were credited at an implicit price of $61.5128 per unit, implying a notional value of roughly $29.5 k.

Following this award, Welch now holds 59,493 phantom stock units, all listed as direct ownership. No open-market purchase or sale of common stock occurred; the transfer represents deferred equity compensation rather than cash investment. There were no dispositions, option exercises, or changes in non-derivative share count disclosed.

This filing signals continued alignment of director compensation with shareholder value but is routine in nature and unlikely to materially affect LKFN’s share price or corporate governance profile.

Lakeland Financial Corp (LKFN) � Attività degli insider nel Modulo 4: Il direttore M. Scott Welch ha segnalato l'acquisizione di 480 unità di azioni fantasma il 08 agosto 2025 (codice transazione A). Ogni unità fantasma è economicamente equivalente a un'azione ordinaria LKFN e si convertirà automaticamente in azioni al momento del pensionamento del direttore dal consiglio. Le unità sono state attribuite a un prezzo implicito di 61,5128 $ per unità, con un valore nominale di circa 29,5 mila $.

Dopo questo riconoscimento, Welch detiene ora 59.493 unità di azioni fantasma, tutte indicate come proprietà diretta. Non si sono verificate operazioni di acquisto o vendita sul mercato aperto; il trasferimento rappresenta una compensazione azionaria differita e non un investimento in contanti. Non sono state denunciate cessioni, esercizi di opzioni o variazioni nel numero di azioni non derivate.

Questa comunicazione indica un continuo allineamento della remunerazione dei direttori con il valore per gli azionisti, ma è di natura ordinaria e probabilmente non influenzerà in modo significativo il prezzo delle azioni LKFN o il profilo di governance aziendale.

Lakeland Financial Corp (LKFN) � Actividad interna del Formulario 4: El director M. Scott Welch reportó la adquisición de 480 unidades de acciones fantasma el 8 de agosto de 2025 (código de transacción A). Cada unidad fantasma es económicamente equivalente a una acción común de LKFN y se convertirá automáticamente en acciones tras la jubilación del director del consejo. Las unidades se acreditaron a un precio implícito de $61.5128 por unidad, lo que implica un valor nominal aproximado de $29.5 mil.

Tras esta concesión, Welch posee ahora 59,493 unidades de acciones fantasma, todas listadas como propiedad directa. No hubo compra ni venta en el mercado abierto; la transferencia representa una compensación en acciones diferida y no una inversión en efectivo. No se reportaron disposiciones, ejercicios de opciones ni cambios en el recuento de acciones no derivadas.

Esta presentación señala una continua alineación de la compensación de los directores con el valor para los accionistas, pero es de naturaleza rutinaria y probablemente no afectará materialmente el precio de las acciones de LKFN ni el perfil de gobierno corporativo.

Lakeland Financial Corp (LKFN) � Form 4 내부� 거래 활동: 이사 M. Scott Welch� 2025� 8� 8일에 480개의 팬텀 스톡 유닛 취득� 보고했습니다(거래 코드 A). � 팬텀 유닛은 LKFN 보통� 1주와 경제적으� 동일하며, 이사가 이사회에� 은퇴할 � 자동으로 주식으로 전환됩니�. 유닛은 단위� $61.5128� 암묵� 가격으� 인정되어, � $29,500� 명목 가치를 나타냅니�.

이번 수여 이후 Welch� 현재 59,493개의 팬텀 스톡 유닛� 보유하고 있으�, 모두 직접 소유� 기록되어 있습니다. 공개 시장에서� 주식 매매� 없었으며, 이번 이전은 현금 투자가 아닌 지연된 주식 보상� 해당합니�. 처분, 옵션 행사 또는 비파� 주식 � 변동은 보고되지 않았습니�.

이번 신고� 이사 보상� 주주 가치의 지속적 일치� 나타내지�, 일상적인 성격으로 LKFN 주가� 기업 지배구조에 중대� 영향� 미칠 가능성은 낮습니다.

Lakeland Financial Corp (LKFN) � Activité des initiés selon le formulaire 4 : Le directeur M. Scott Welch a déclaré l'acquisition de 480 unités d’actions fantômes le 8 août 2025 (code de transaction A). Chaque unité fantôme équivaut économiquement à une action ordinaire LKFN et se convertira automatiquement en actions après la retraite du directeur du conseil d’administration. Les unités ont été créditées à un prix implicite de 61,5128 $ par unité, ce qui implique une valeur notionnelle d’environ 29,5 k$.

Suite à cette attribution, Welch détient désormais 59 493 unités d’actions fantômes, toutes enregistrées en propriété directe. Aucune transaction d’achat ou de vente sur le marché ouvert n’a eu lieu ; ce transfert représente une rémunération en actions différée et non un investissement en espèces. Aucune cession, exercice d’option ou modification du nombre d’actions non dérivées n’a été signalée.

Ce dépôt indique un alignement continu de la rémunération des administrateurs avec la valeur pour les actionnaires, mais il s’agit d’une opération de routine qui ne devrait pas affecter de manière significative le cours de l’action LKFN ni le profil de gouvernance d’entreprise.

Lakeland Financial Corp (LKFN) � Insider-Aktivität gemäß Formular 4: Direktor M. Scott Welch meldete am 08. August 2025 den Erwerb von 480 Phantom-Aktieneinheiten (Transaktionscode A). Jede Phantom-Einheit entspricht wirtschaftlich einer Aktie der LKFN-Stammaktien und wird nach dem Ausscheiden des Direktors aus dem Vorstand automatisch in Aktien umgewandelt. Die Einheiten wurden zu einem impliziten Preis von 61,5128 $ pro Einheit gutgeschrieben, was einem notionalen Wert von etwa 29,5 Tsd. $ entspricht.

Nach dieser Zuteilung hält Welch nun 59.493 Phantom-Aktieneinheiten, alle als direkter Besitz ausgewiesen. Es gab keine Käufe oder Verkäufe am offenen Markt; die Übertragung stellt eine aufgeschobene Aktienvergütung dar und keine Barinvestition. Es wurden keine Veräußerungen, Optionsausübungen oder Änderungen bei nicht-derivativen Aktien gemeldet.

Diese Meldung signalisiert eine fortgesetzte Ausrichtung der Vergütung der Direktoren am Aktionärswert, ist jedoch routinemäßig und dürfte den Aktienkurs von LKFN oder das Corporate-Governance-Profil nicht wesentlich beeinflussen.

Positive
  • Director increased deferred equity exposure by 480 phantom units, signalling continued alignment with shareholder interests.
  • No shares were sold; insider disposition risk remains low.
Negative
  • None.

Insights

TL;DR: Routine deferred-comp grant; minor positive alignment, negligible market impact.

The 480-unit phantom stock addition raises Welch’s deferred stake to 59.5 k units—worth �$3.7 m at the filing price. As phantom units vest only at retirement, they reinforce long-term orientation but do not represent fresh capital deployment. No cash outlay or share count dilution occurs, and the volume is immaterial relative to LKFN’s ~25 m shares outstanding. Therefore the event is neutral for valuation and liquidity, with a slight governance benefit from insider exposure.

Lakeland Financial Corp (LKFN) � Attività degli insider nel Modulo 4: Il direttore M. Scott Welch ha segnalato l'acquisizione di 480 unità di azioni fantasma il 08 agosto 2025 (codice transazione A). Ogni unità fantasma è economicamente equivalente a un'azione ordinaria LKFN e si convertirà automaticamente in azioni al momento del pensionamento del direttore dal consiglio. Le unità sono state attribuite a un prezzo implicito di 61,5128 $ per unità, con un valore nominale di circa 29,5 mila $.

Dopo questo riconoscimento, Welch detiene ora 59.493 unità di azioni fantasma, tutte indicate come proprietà diretta. Non si sono verificate operazioni di acquisto o vendita sul mercato aperto; il trasferimento rappresenta una compensazione azionaria differita e non un investimento in contanti. Non sono state denunciate cessioni, esercizi di opzioni o variazioni nel numero di azioni non derivate.

Questa comunicazione indica un continuo allineamento della remunerazione dei direttori con il valore per gli azionisti, ma è di natura ordinaria e probabilmente non influenzerà in modo significativo il prezzo delle azioni LKFN o il profilo di governance aziendale.

Lakeland Financial Corp (LKFN) � Actividad interna del Formulario 4: El director M. Scott Welch reportó la adquisición de 480 unidades de acciones fantasma el 8 de agosto de 2025 (código de transacción A). Cada unidad fantasma es económicamente equivalente a una acción común de LKFN y se convertirá automáticamente en acciones tras la jubilación del director del consejo. Las unidades se acreditaron a un precio implícito de $61.5128 por unidad, lo que implica un valor nominal aproximado de $29.5 mil.

Tras esta concesión, Welch posee ahora 59,493 unidades de acciones fantasma, todas listadas como propiedad directa. No hubo compra ni venta en el mercado abierto; la transferencia representa una compensación en acciones diferida y no una inversión en efectivo. No se reportaron disposiciones, ejercicios de opciones ni cambios en el recuento de acciones no derivadas.

Esta presentación señala una continua alineación de la compensación de los directores con el valor para los accionistas, pero es de naturaleza rutinaria y probablemente no afectará materialmente el precio de las acciones de LKFN ni el perfil de gobierno corporativo.

Lakeland Financial Corp (LKFN) � Form 4 내부� 거래 활동: 이사 M. Scott Welch� 2025� 8� 8일에 480개의 팬텀 스톡 유닛 취득� 보고했습니다(거래 코드 A). � 팬텀 유닛은 LKFN 보통� 1주와 경제적으� 동일하며, 이사가 이사회에� 은퇴할 � 자동으로 주식으로 전환됩니�. 유닛은 단위� $61.5128� 암묵� 가격으� 인정되어, � $29,500� 명목 가치를 나타냅니�.

이번 수여 이후 Welch� 현재 59,493개의 팬텀 스톡 유닛� 보유하고 있으�, 모두 직접 소유� 기록되어 있습니다. 공개 시장에서� 주식 매매� 없었으며, 이번 이전은 현금 투자가 아닌 지연된 주식 보상� 해당합니�. 처분, 옵션 행사 또는 비파� 주식 � 변동은 보고되지 않았습니�.

이번 신고� 이사 보상� 주주 가치의 지속적 일치� 나타내지�, 일상적인 성격으로 LKFN 주가� 기업 지배구조에 중대� 영향� 미칠 가능성은 낮습니다.

Lakeland Financial Corp (LKFN) � Activité des initiés selon le formulaire 4 : Le directeur M. Scott Welch a déclaré l'acquisition de 480 unités d’actions fantômes le 8 août 2025 (code de transaction A). Chaque unité fantôme équivaut économiquement à une action ordinaire LKFN et se convertira automatiquement en actions après la retraite du directeur du conseil d’administration. Les unités ont été créditées à un prix implicite de 61,5128 $ par unité, ce qui implique une valeur notionnelle d’environ 29,5 k$.

Suite à cette attribution, Welch détient désormais 59 493 unités d’actions fantômes, toutes enregistrées en propriété directe. Aucune transaction d’achat ou de vente sur le marché ouvert n’a eu lieu ; ce transfert représente une rémunération en actions différée et non un investissement en espèces. Aucune cession, exercice d’option ou modification du nombre d’actions non dérivées n’a été signalée.

Ce dépôt indique un alignement continu de la rémunération des administrateurs avec la valeur pour les actionnaires, mais il s’agit d’une opération de routine qui ne devrait pas affecter de manière significative le cours de l’action LKFN ni le profil de gouvernance d’entreprise.

Lakeland Financial Corp (LKFN) � Insider-Aktivität gemäß Formular 4: Direktor M. Scott Welch meldete am 08. August 2025 den Erwerb von 480 Phantom-Aktieneinheiten (Transaktionscode A). Jede Phantom-Einheit entspricht wirtschaftlich einer Aktie der LKFN-Stammaktien und wird nach dem Ausscheiden des Direktors aus dem Vorstand automatisch in Aktien umgewandelt. Die Einheiten wurden zu einem impliziten Preis von 61,5128 $ pro Einheit gutgeschrieben, was einem notionalen Wert von etwa 29,5 Tsd. $ entspricht.

Nach dieser Zuteilung hält Welch nun 59.493 Phantom-Aktieneinheiten, alle als direkter Besitz ausgewiesen. Es gab keine Käufe oder Verkäufe am offenen Markt; die Übertragung stellt eine aufgeschobene Aktienvergütung dar und keine Barinvestition. Es wurden keine Veräußerungen, Optionsausübungen oder Änderungen bei nicht-derivativen Aktien gemeldet.

Diese Meldung signalisiert eine fortgesetzte Ausrichtung der Vergütung der Direktoren am Aktionärswert, ist jedoch routinemäßig und dürfte den Aktienkurs von LKFN oder das Corporate-Governance-Profil nicht wesentlich beeinflussen.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
WELCH M SCOTT

(Last) (First) (Middle)
6 LONGWOOD COURT

(Street)
ELKHART IN 46516

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LAKELAND FINANCIAL CORP [ LKFN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/05/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock (1) 08/05/2025 A 480 (2) (3) Common Stock 480 $61.5128 59,493 D
Explanation of Responses:
1. Each phantom stock unit exercises into 1 share of Common Stock.
2. Phantom stock is exercisable after the directors' retirement as a Board member.
3. Phantom shares expire after the directors' retirement as a Board member.
Remarks:
/s/ Becka J. Turnbow, Attorney-in-Fact 08/06/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did LKFN director M. Scott Welch report in the latest Form 4?

He acquired 480 phantom stock units on 08/05/2025 at an implied $61.5128 each.

How many LKFN phantom stock units does the director now hold?

Post-transaction, Welch beneficially owns 59,493 phantom stock units.

Does the filing indicate any sale of Lakeland Financial common shares?

No. The Form 4 shows only an acquisition of phantom stock; no common shares were sold.

When can the phantom stock units be converted into LKFN shares?

The units convert after the director retires from the board, per the filing’s footnotes.

Is this transaction likely to affect LKFN’s share count?

No immediate effect; phantom stock conversion occurs in the future and is already contemplated in equity compensation plans.
Lakeland Finl Corp

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