Sundar PichaiSundar Pichai earned $164M in 2023

David M. Findlay is the President and CEO of Lakeland Financial Corporation and its subsidiary, Lake City Bank. He assumed the role in April 2014, after serving as the Chief Financial Officer since 2000. Findlay has guided the company through...

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David M. Findlay

CEO of Lakeland Financial

Education

MBA from University of Notre Dame

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

June 10, 1962 - 63 years ago

CEO of Lakeland Financial for

11 years 3 months (Apr 2014 - Present)

Previous Experience

Chief Financial Officer at Lakeland Financial

Holdings

See how much did David M. Findlay make over time.

David M. Findlay holds roughly 198,577 shares of Lakeland Financial, showing a commitment to the company's success. His holdings peaked significantly when he first took on the CEO role in 2014 but have shown stable growth since. He emphasizes a...

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Total Stock Sold

$4.59M

LKFN

$4.59M

89,571 LKFN shares

What if they kept their stock?

If David M. Findlay didn't sell their stock, today they would have:
Extra LKFN89,571 shares worth $4.14M.
This is -9.78% and $448.79K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of David M. Findlay.

LKFN

$863.62K

LKFN at $67.06/share

Dec 31, 2024

Sale

LKFN

32,016 shares

LKFN

Dec 31, 2024

Received

LKFN

$1.46M

LKFN at $75.51/share

Nov 12, 2024

Sale

LKFN

$783.12K

LKFN at $65.26/share

Mar 13, 2024

Sale

LKFN

4,000 shares

LKFN

Feb 5, 2024

Received

LKFN

$683.30K

LKFN at $65.03/share

Feb 5, 2024

Sale

LKFN

18,880 shares

LKFN

Feb 2, 2024

Received

LKFN

4,000 shares

LKFN

Feb 7, 2023

Received

LKFN

18,880 shares

LKFN

Feb 3, 2023

Received

LKFN

10,560 shares

LKFN

Feb 4, 2022

Received

Compensation History

See how much did David M. Findlay make over time.

In 2022, David M. Findlay's total compensation reached around $2.26 million. This included a base salary of $658,515, plus a performance-based bonus of $353,100. He also received about $26,498 in other benefits, notably including contributions to his 401(k), country club memberships, and cell phone stipends. Interestingly, Findlay has not received stock options or grants in the past few years, focusing on cash compensation instead. This structure aims to align with long-term performance goals rather than short-term stock price achievements, reflecting a commitment to sustainable growth for Lakeland Financial. His compensation has steadily increased, showing the company's appreciation of his leadership amid challenges in the financial sector over the years, especially post-COVID-19.

Year

2022

Total Compensation

$1.04M

Salary

$658.52K

Board Justification

The compensation philosophy is designed to align executive compensation with long-term strategic goals and performance, focusing on both company and individual performance metrics.

Bonus

$353.10K

Board Justification

Bonus paid based on company performance and individual performance metrics for 2022.

Other

$26.50K

Board Justification

Other compensation includes 401(k) matching contributions, country club memberships, and cell phone stipends.

Restricted Stock

$0.00(0 N/A)

Board Justification

No vested stock reported for 2022 as the focus is on cash compensation and bonuses.

Performance Metrics

Performance metrics include return on beginning equity, revenue growth, diluted earnings per share growth, capital adequacy, efficiency ratio, and asset quality.

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