Lakeland Finl Corp SEC Filings

Lakeland Financial Corp. (LKFN) Form 4 insider filing: Senior Vice President Kyra E. Clark reported the sale of 300 common shares on 07/30/2025 at $67.00 per share, an aggregate value of roughly $20.1 thousand. Following the transaction, Clark directly owns 9,614 shares, indicating she retained more than 96% of her pre-sale position. No derivative securities were reported, and the filing does not reference a Rule 10b5-1 trading plan.

The transaction is modest relative to LKFN’s average daily trading volume and Clark’s remaining stake (worth about $0.64 million at the sale price). Consequently, the activity is unlikely to have a material impact on the company’s equity structure or governance profile, but investors often monitor insider disposition trends for sentiment signals.

Neuberger Berman Group LLC and affiliate Neuberger Berman Investment Advisers LLC filed Schedule 13G declaring a passive position in Lakeland Financial Corp. (LKFN) as of 30 Jun 2025.

• Aggregate beneficial ownership: 1,512,029 common shares, equal to 5.9 % of LKFN’s outstanding stock.
• Voting/Dispositive power: zero sole; shared voting 1,470,197 shares and shared dispositive 1,512,029 shares across client accounts.
• Filers classify as a parent holding company (HC) and investment adviser (IA) under Rule 13d-1(b) and certify the stake is held in the ordinary course of business, with no intent to influence control.
• Ownership is aggregated from multiple subsidiaries and client portfolios; Neuberger Berman expressly disclaims economic interest beyond its advisory role.

The disclosure raises reported institutional ownership but, given its passive nature, has limited immediate governance or valuation impact.

On 9 July 2025, Director Melinda Jo Truex of Lakeland Financial Corp. (LKFN) filed a Form 4 detailing two recent common-stock transactions:

• 11 June 2025 – 18,328 shares reported under transaction code W at a stated price of $0; post-transaction direct ownership: 34,835 shares.
• 8 July 2025 – 650 additional shares reported under transaction code A at a stated price of $0; post-transaction direct ownership: 35,485 shares.

The filing confirms that Truex is a director, acted as a single reporting person, and now holds 35,485 LKFN shares directly. No derivative security activity was disclosed.

UBS AG is offering unsubordinated, unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of HP Inc. (HPQ). The notes have an 18-month expected term (trade date 16 Jul 2025, maturity 22 Jan 2027) but may terminate early via an automatic call on any quarterly observation date if HPQ’s closing price is at or above the Call Threshold (100 % of the Initial Level).

Investors will receive a contingent fixed coupon between 14.25 % and 15.25 % p.a. (≈ $35.63-$38.13 per $1,000 note per quarter) only when the underlying closes at or above the Coupon Barrier (75 % of Initial Level). Missed coupons are not made up.

Redemption scenarios

• Automatic Call: Principal plus the due coupon is paid on the relevant payment date; no further obligations.
• Held to Maturity: • If final HPQ price ≥ Downside Threshold (75 % of Initial Level), principal is repaid in full. • If final price < Downside Threshold, repayment equals $1,000 × (1 + Underlying Return); investors suffer the same percentage loss as HPQ, down to total loss.

Key economic terms

• Issue price: $1,000; underwriting discount $27.50.
• Estimated initial value: $929.50-$959.50, reflecting dealer fees, hedging and UBS funding spreads.
• Coupon/valuation calendar: semi-annual coupon dates (Oct 21 2025, Jan 22 2026, Apr 21 2026, Jul 21 2026, Oct 21 2026, Maturity).
• Notes are not listed; UBS Securities LLC intends, but is not obliged, to make a market. Initial secondary prices may exceed fair value by the amount of the embedded fees but that premium decays to zero within six months.

Principal risks highlighted

• Market risk: If HPQ falls >25 % and no call occurs, investors face full downside exposure.
• Coupon risk: No payment if HPQ closes below the 75 % barrier on an observation date.
• Credit risk: All payments depend on UBS AG’s ability to pay; the notes carry no FDIC or other guarantee.
• Liquidity / valuation: No exchange listing; sale prior to maturity may be at a substantial discount. Estimated initial value is below issue price.
• Tax: Treated as prepaid derivatives with ordinary income on coupons; tax rules remain uncertain.

The filing emphasises that the product is suitable only for investors who can tolerate the risks of equity-linked, unsecured debt, accept potential loss of principal, require no dividends, and are comfortable with UBS credit exposure.

Lakeland Financial Corp (LKFN) Form 4 filing: Director Brian J. Smith reported two transactions dated 07/07-08/2025.

• Common stock: 650 shares acquired at $0 cost, likely a board equity grant, lifting his direct ownership to 41,435 shares.
• Phantom stock: 268 units credited at a reference price of $65.2852. Total derivative (phantom) holdings rise to 20,091 units, which convert 1-for-1 into common shares after the director’s retirement.

No shares were sold and there is no indication of a 10b5-1 trading plan. The filing reflects routine director compensation and modestly increases alignment between the director and shareholders. The magnitude of the purchase is small relative to LKFN’s outstanding float and therefore is unlikely to be materially market-moving.

The Bank of Nova Scotia (BNS) is marketing a one-year, principal-at-risk structured note linked to Apple Inc. (AAPL) common stock. The Contingent Income Auto-Callable Securities, issued under BNS’s Senior Note Program (Series A), are expected to settle on 16 July 2025 and mature on 16 July 2026 unless called earlier.

Key commercial terms

• Denomination: $1,000 per security; minimum investment $1,000.
• Contingent quarterly coupon: $28.20 (11.28% p.a.) paid if AAPL’s closing price on a determination date is ≥ 80% of the initial share price (“downside threshold”). Missed coupons accrue under a memory feature.
• Automatic call: If on any observation date (other than the final) AAPL closes ≥ 100% of the initial share price (“call threshold”), the note is redeemed for par plus the applicable coupon(s). First call can occur after ~3 months.
• Principal repayment at maturity:
  • If final share price ≥ 80% of initial: return of par plus due coupon(s).
  • If final share price < 80%: physical delivery of AAPL shares (exchange ratio = $1,000 ÷ initial price) whose value may be substantially below par; fractional shares paid in cash.
• Initial estimated value: $946.40 – $976.40 (94.6%–97.6% of issue price) reflecting selling & structuring costs and BNS’s internal funding rate.
• Secondary market / listing: none; any liquidity to be provided by Scotia Capital (USA) Inc., but not guaranteed.
• Credit: senior unsecured obligation of BNS; subject to issuer default risk; not CDIC or FDIC insured and not bail-inable.
• CUSIP/ISIN: 06419DAQ6 / US06419DAQ60.

Investor profile: suited only for investors who (1) accept full downside risk in exchange for an above-market coupon, (2) can tolerate potential delivery of depreciated AAPL shares, (3) do not require dividends, liquidity or upside participation, and (4) are comfortable with BNS credit exposure.

Principal risks

• Loss of principal: a ≥20% decline in AAPL at final observation triggers share delivery worth less than par; loss can reach 100%.
• Coupon uncertainty: coupons are contingent; none may be paid if AAPL trades below the 80% barrier on all observation dates.
• Re-investment risk: early call could limit return to 3–9 months, forcing reinvestment at potentially lower yields.
• Valuation / liquidity: bid prices will reflect dealer models and could be materially below par before maturity.
• Conflict & hedging: BNS and affiliates may hedge or trade AAPL in ways that affect note valuations.
• Tax: intended U.S. treatment as prepaid derivative contracts; coupons taxable as ordinary income; tax results remain uncertain.

Form 4 highlights: Lakeland Financial Corp. (LKFN) director Bradley J. Toothaker reported two insider acquisitions dated 07/07-08/2025.

• Common stock: 650 shares acquired on 07/08/2025 at an indicated price of $0 (likely a board equity grant). Toothaker’s direct ownership rose to 25,213 shares, a 2.6% increase.
• Derivative – Phantom stock: 383 units added on 07/07/2025 at a reference value of $65.2852 each, lifting his phantom balance to 18,122 units. Each unit converts 1-for-1 into common stock and becomes exercisable after the director retires from the Board.

No sales were disclosed, and the filing shows the director remains a board member with no 10% ownership. While the absolute share count is modest relative to the company’s float, continued insider accumulation can signal confidence and aligns director incentives with shareholders.