Banking
Lakeland Financial Executive Compensation (FY25)
LKFN · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): April 15, 2026
199 figures on this page: 191 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Total compensation for David Findlay, Chairman and Chief Executive Officer, came to $2,473,892 in fiscal 2025, and Findlay's total was 20.8% higher than the $2,048,666 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 45:1, against median employee compensation of $54,933. Shareholders supported the say-on-pay proposal with 75.2% of votes cast for or against in favor at the meeting held April 14, 2026 for fiscal 2025. The disclosed peer group includes 1st Source Corporation, City Holding Company, CNB Financial Corporation, Community Trust Bancorp and First Busey Corporation, among others.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — David Findlay: $2,048,666 → $2,473,892 (20.8% higher)
Say-on-pay support: 95.0% → 75.2% (19.8 points lower)
CEO pay ratio: 36:1 → 45:1 (25.0% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Lakeland Financial's chief executive and what were they paid?
Total compensation for David Findlay, Chairman and Chief Executive Officer, came to $2,473,892 in fiscal 2025. Findlay's total was 20.8% higher than the $2,048,666 reported for fiscal 2024.
What was Lakeland Financial's say-on-pay result?
Shareholders supported the say-on-pay proposal with 75.2% of votes cast for or against in favor at the meeting held April 14, 2026 for fiscal 2025.
Which companies are in Lakeland Financial's peer group?
The disclosed peer group includes 1st Source Corporation, City Holding Company, CNB Financial Corporation, Community Trust Bancorp and First Busey Corporation, among others.
What is Lakeland Financial's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 45:1, against median employee compensation of $54,933.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
David Findlay Chairman and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Kristin Pruitt President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Eric Ottinger Executive Vice President, Chief Commercial Banking Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Lisa O'Neill Executive Vice President, Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
David Findlay Chairman and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Kristin Pruitt President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Eric Ottinger Executive Vice President, Chief Commercial Banking Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Lisa O'Neill Executive Vice President, Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
J. Rickard Donovan Senior Vice President, General Counsel | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
David Findlay Chairman and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Kristin Pruitt President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Eric Ottinger Executive Vice President, Chief Commercial Banking Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Lisa O'Neill Executive Vice President, Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Stephanie Leniski Executive Vice President, Chief Retail Banking Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| David Findlay | OTHER | — | — | — | — | — | — | ◇ |
| Eric Ottinger | OTHER | — | — | — | — | — | — | ◇ |
| Kristin Pruitt | OTHER | — | — | — | — | — | — | ◇ |
| Lisa O'Neill | OTHER | — | — | — | — | — | — | ◇ |
| Stephanie Leniski | OTHER | — | — | — | — | — | — | ◇ |
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Kristin Pruitt | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Eric Ottinger | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| David Findlay | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Lisa O'Neill | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Stephanie Leniski | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Blake W. Augsburger Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Bradley J. Toothaker | ◇ | ◇ | — | — | — | — | ◇ |
Darrianne P. Christian | ◇ | ◇ | — | — | — | — | ◇ |
A. Faraz Abbasi | ◇ | ◇ | — | — | — | — | ◇ |
Emily E. Pichon | ◇ | ◇ | — | — | — | — | ◇ |
M. Scott Welch | ◇ | ◇ | — | — | — | — | ◇ |
Steven D. Ross | ◇ | ◇ | — | — | — | — | ◇ |
Brian J. Smith | ◇ | ◇ | — | — | — | — | ◇ |
Robert E. Bartels, Jr | ◇ | ◇ | — | — | — | — | ◇ |
Melinda J. Creighton Truex | ◇ | ◇ | — | — | — | — | ◇ |
Daniel B. Starr | ◇ | ◇ | — | — | — | — | ◇ |
David M. Findlay and Kristin L. Pruitt served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- 1st Source Corporation SRCE
- City Holding Company CHCO
- CNB Financial Corporation CCNE
- Community Trust Bancorp CTBI
- First Busey Corporation BUSE
- First Commonwealth Financial Corp. FCF
- First Financial Corporation THFF
- First Merchants Corporation FRME
- German American GABC
- Horizon Bancorp HBNC
- Independent Bank Corporation IBCP
- Mercantile Bank Corporation MBWM
- Midland States Bancorp MSBI
- MidWestOne Financial MOFG
- Old Second Bancorp, Inc. OSBC
- Park National Corporation PRK
- Peoples Bancorp PEBO
- QCR Holdings, Inc. QCRH
- Republic Bancorp RBCAA
- Stock Yards Bancorp SYBT
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | April 14, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | April 8, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | April 9, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | April 11, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | April 12, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | April 13, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | April 14, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | April 9, 2019 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Lakeland Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Lakeland Financial sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
199 figures on this page: 191 cited to the filing that reported them, 8 calculated from figures it prints.
191 cited to the filing
8 calculated from the filing
Documents cited
- 0000721994-26-000044Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000721994-26-0000362025 Outstanding Equity Awards at Fiscal Year-End · 2025 Summary Compensation Table · CEO Pay Ratio · Director Compensation
- 0000721994-26-000022Grants of Plan-Based Awards
- 0000721994-25-000117Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000721994-25-0000962024 Summary Compensation Table
- 0000721994-24-000024Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000721994-24-0000162023 Summary Compensation Table
- 0000721994-23-000027
- 0000721994-22-000033Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-21-050077Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-20-047246Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000721994-19-000025Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Lakeland Financial executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/LKFN (accessed 2026).
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Peers Lakeland Financial discloses
The companies named in LKFN's own disclosed peer group.
1st Source CorporationCity Holding CompanyCNB Financial CorporationCommunity Trust BancorpFirst Busey CorporationFirst Commonwealth Financial Corp.First Financial CorporationFirst Merchants CorporationGerman AmericanHorizon BancorpIndependent Bank CorporationMercantile Bank CorporationMidland States BancorpOld Second Bancorp, Inc.Park National CorporationPeoples BancorpQCR Holdings, Inc.Republic BancorpStock Yards Bancorp
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}