Melinda Jo Truex, a director at Lakeland Financial Corp, has filed to sell 22,500 shares of the company. This sale is valued at approximately $1.37 million and highlights ongoing strategic movements within the state commercial banking sector.

Truex's decision to sell these shares comes amidst a backdrop of market fluctuations and may influence investor sentiment regarding the company. The filing indicates that the shares are being sold through NewEdge Securities, LLC, with the approximate sale date set for October 29, 2026.

Background

Lakeland Financial Corp, incorporated in Indiana, operates within the state commercial banks industry. The company is headquartered in Warsaw, Indiana, and is listed on the NASDAQ. Recent filings show continued activity from Truex, who has also reported other transactions in the past months.

What the Filing Says

"The filing indicates a sale of 22,500 shares, with an aggregate market value of $1,369,577.75."

Impact

This transaction may affect various stakeholders, including investors and market analysts who monitor the state commercial banking sector. Truex’s actions as a director can provide insights into the company's performance and future outlook.

What's Next

The filing does not say what happens next.

Acquisition History

Truex has a history of acquiring shares in Lakeland Financial Corp, with several transactions reported in recent years. Notably, on November 17, 2014, she acquired 2,500 shares through a private acquisition from the issuer. More recently, she made multiple acquisitions in February 2023, totaling 18,000 shares: 7,500 shares on February 13, 6,000 shares on February 16, and 4,000 shares on February 28. Additionally, she acquired another 2,500 shares on May 17, 2023, all through private transactions with the issuer.

Company Information

Lakeland Financial Corp, which operates under the central index key 0000721994, is classified under the Standard Industrial Classification of state commercial banks (6022). The company is incorporated in Indiana and has its business address at 202 E Center St, Warsaw, IN 46581. The company has a fiscal year ending on December 31.

Contact Information

For further inquiries, the company can be reached at their business phone number, 574-267-6144. The issuer's contact phone number listed in the filing is 574-371-9286.

Filing Details

This Form 144 was filed on November 2, 2026, and indicates that there is nothing to report regarding securities sold in the past three months, suggesting that Truex has not engaged in any other sales during that period.