Director P. Christian Darrianne filed a Form 4 with the SEC on November 6, 2026, disclosing the acquisition of 49 Phantom Stock units in Lakeland Financial Corp on November 5, 2026.

Key Highlights

  • Reporting person: P. Christian Darrianne, a Director of Lakeland Financial Corp (NASDAQ:LKFN)
  • Transaction: Acquisition (Code A) of 49 Phantom Stock units on November 5, 2026
  • Price per unit: $64.0214
  • Post-transaction holdings: 6,025 Phantom Stock units held directly following the reported transaction
  • Conversion terms: Each Phantom Stock unit converts into 1 share of Common Stock upon exercise
  • Exercise condition: Phantom Stock is exercisable only after the director's retirement as a Board member, and expires at that time as well

Darrianne's Phantom Stock Acquisition: Transaction Details and Terms

According to the filing, director P. Christian Darrianne acquired 49 units of Phantom Stock in Lakeland Financial Corp (NASDAQ:LKFN) on November 5, 2026, at a price of $64.0214 per unit. The transaction was recorded as an acquisition under Transaction Code A. The filing was signed by Becka J. Turnbow as Attorney-in-Fact, also dated November 5, 2026.

The filing discloses that each Phantom Stock unit exercises into 1 share of Common Stock. According to the explanatory notes in the filing, Phantom Stock is exercisable after the director's retirement as a Board member, and the Phantom shares expire after the director's retirement as a Board member. No expiration date or exercise date is separately listed in the transaction table, consistent with those retirement-contingent terms.

Following the reported transaction, Darrianne beneficially owns 6,025 Phantom Stock units on a direct basis, as reported in Table II of the filing. No non-derivative securities transactions were reported in Table I of this filing.

What Was Disclosed

Director P. Christian Darrianne reported the acquisition of 49 Phantom Stock units in Lakeland Financial Corp at $64.0214 per unit on November 5, 2026, bringing total direct beneficial ownership of Phantom Stock units to 6,025, per the Form 4 filed November 6, 2026.