M. Scott Welch - May 5, 2023 Form 4 Insider Report for LAKELAND FINANCIAL CORP (LKFN)

Role
Director
Signature
/s/ Becka J. Turnbow, Attorney-in-Fact
Stock symbol
LKFN
Transactions as of
May 5, 2023
Transactions value $
$24,645
Form type
4
Date filed
5/8/2023, 12:03 PM
Previous filing
May 1, 2023
Next filing
May 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LKFN Common Stock 34K May 5, 2023 By LLP
holding LKFN Common Stock 169K May 5, 2023 By Spouse
holding LKFN Common Stock 1.26K May 5, 2023 Direct
holding LKFN Common Stock 25K May 5, 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 $24.6K +515 +0.96% $47.85 54K May 5, 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.