M. SCOTT WELCH - 05 May 2023 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 May 2023
Net transactions value: +$24,645
Form type: 4
Filing time: 08 May 2023, 12:03:20 UTC
Previous filing: 01 May 2023
Next filing: 09 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	LKFN	Common Stock						34,000	05 May 2023	By LLP
holding	LKFN	Common Stock						168,756	05 May 2023	By Spouse
holding	LKFN	Common Stock						1,257	05 May 2023	Direct
holding	LKFN	Common Stock						25,000	05 May 2023	By Corporation

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	$24,645	+515	+0.96%	$47.85	54,022	05 May 2023	Common Stock	515		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.