M. Scott Welch - 05 Nov 2021 Form 4 Insider Report for LAKELAND FINANCIAL CORP (LKFN)

Role: Director
Signature: /s/ Becka J. Turnbow, Attorney-in-Fact
Issuer symbol: LKFN
Transactions as of: 05 Nov 2021
Net transactions value: +$17,407
Form type: 4
Filing time: 09 Nov 2021, 13:13:40 UTC
Previous filing: 09 Aug 2021
Next filing: 08 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	LKFN	Common Stock						1,257	05 Nov 2021	Direct
holding	LKFN	Common Stock						20,000	05 Nov 2021	By Corporation
holding	LKFN	Common Stock						34,000	05 Nov 2021	By LLP
holding	LKFN	Common Stock						162,091	05 Nov 2021	By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LKFN	Phantom Stock	Award	$17,407	+236	+0.46%	$73.76	51,384	05 Nov 2021	Common Stock	236		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each phantom stock unit exersises into 1 share of Common Stock.
F2	Phantom stock is exercisable after the directors' retirement as a Board member.
F3	Phantom shares expire after the directors' retirement as a Board member.