Starr Daniel Brian, a director at Lakeland Financial Corp, has reported a transaction involving phantom stock units. This acquisition of six units at a price of $64.0214 each is significant as it highlights the company's approach to executive compensation and alignment with shareholder interests.

Starr Daniel Brian is associated with Lakeland Financial Corp, a company categorized under the SIC code for state commercial banks. The recent filing, dated November 6, 2026, is part of a series of disclosures regarding ownership changes, reflecting ongoing activities within the financial sector.

The filing states, "Transaction Date: 2026-11-05" and indicates that the phantom stock units acquired will convert into common stock. Following this transaction, Starr Daniel Brian will own a total of 784 shares. This demonstrates a commitment to the company's performance and long-term growth.

This update may affect stakeholders, including investors and other directors, as it illustrates the company's compensation practices and potential implications for governance. The focus on phantom stock also indicates a strategy to retain key executives while aligning their interests with those of shareholders.

The filing does not say what happens next.

Details of the Phantom Stock Units

The phantom stock units acquired by Starr Daniel Brian are designed to convert into common stock, with each unit equating to one share of common stock upon exercise. This structure not only ties the compensation of directors to the performance of the company but also serves as a retention tool, as the units are exercisable only after the directors retire from their positions on the Board.

Additionally, the filing specifies that the phantom shares will expire upon the retirement of the directors, which underscores the importance of long-term planning and commitment to the company’s future. This mechanism ensures that directors remain focused on enhancing shareholder value throughout their tenure.

Company Information

Lakeland Financial Corp, the issuer of the phantom stock units, is classified under the SIC code for state commercial banks and has its principal place of business in Warsaw, Indiana. The company has been established as a significant player in the financial sector, with a fiscal year ending on December 31st. This context is essential for understanding the environment in which Starr Daniel Brian operates and the strategic decisions being made at the executive level.

“Phantom Stock is exercisable after the directors' retirement as a Board member.”
“Phantom shares expire after the directors' retirement as a Board member.”

This information highlights the strategic importance of the phantom stock units in aligning the interests of directors with those of the shareholders, ensuring that the leadership remains committed to the company’s success during their tenure.