CEO Total Pay
$2.1M
FY2024 Summary Compensation, below median
LKFN FY2024 SEC EDGAR DEF 14A
Lakeland Financial Corp CEO pay ratio
The CEO earned $2.1M in FY2024 against median worker pay of $57,060 · Depository Institutions.
- State
- IN
- Filing date
- 2025-02-27
- Industry
- Depository Institutions
- Fiscal year
- FY2024
Data updated August 2026
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CEO-to-worker pay ratio
36:1
Below Average (Scale: 0–1000:1)
CEO pay
$2.1M
Median worker
$57,060
Latest filing FY2024. This company's newest DEF 14A on file is for FY2024, not FY2025, so the figures on this page are from that earlier year and are not ranked against the FY2025 industry benchmark. Industry pages mark issuers like this one with a "Latest filing" label.
Answer first
Lakeland Financial Corp reported a 36:1 CEO-to-worker pay ratio in FY2024 - at or below the Depository Institutions median of 43:1 across 136 filers.
Figures come from Section 953(b) Dodd-Frank DEF 14A disclosures - not estimates. View all Depository Institutions companies.
- Pay ratio
- 36:1
- FY2024 disclosed
- CEO total
- $2.1M
- Summary Compensation Table total
- Median worker
- $57,060
- Dodd-Frank median employee
Ratio bands among Depository Institutions peers
Exclusive CEO-to-median-worker bands across 124 complete latest-FY filings in SIC 60. Segments sum to the peer set, not this company's compensation pillar.
CEO Compensation Breakdown, FY2024
A component-level pay breakdown is not reported in Lakeland Financial Corp's structured SEC pay-ratio disclosure. See our methodology →
Filing-year trail · Lakeland Financial Corp
Complete DEF 14A pay-ratio filings for this CIK across FY2022–2024. Year-over-year deltas compare adjacent filing years only; incomplete dollar rows are omitted (same completeness gate as the hero figures).
- Latest ratio
- 36:1
- FY2024
- vs prior FY
- -2:1
- from FY2023 38:1
- CEO $ YoY
- +0.8%
- $2.1M latest
- Filings shown
- 3
- FY2022–2024
| FY | CEO pay | Δ pay | Median worker | Pay ratio | Δ ratio |
|---|---|---|---|---|---|
| 2022 | $2.2M | - | $45,721 | 49:1 | - |
| 2023 | $2.0M | -9% | $53,635 | 38:1 | -11:1 |
| 2024 | $2.1M | +0.8% | $57,060 | 36:1 | -2:1 |
Source: SEC EDGAR DEF 14A pay-ratio disclosures for CIK 721994, FY2022–2024. Adjacent-year deltas only.
Industry Comparison - Depository Institutions
This Company's Ratio
36:1
Industry Median Ratio
43:1
Industry Median CEO Pay
$3.0M
This CEO's Pay
$2.1M
Companies in Industry
136
vs. Industry Median
Below
Lakeland Financial Corp: MODEST · MID$ pay ratio
Lakeland Financial Corp disclosed 36:1 CEO-to-worker pay and $2.1M CEO total in FY2024. the CEO earned 36× the median employee ($57,060) in FY2024.
Median employee $57,060 (PAR-MED); MODEST · MID$ stamps put about 36 median-wage years per CEO year.
Pay Ratio
36:1
Below typical
What FY2024 shows for Lakeland Financial Corp
Lakeland Financial Corp disclosed 36:1 CEO-to-worker pay and $2.1M CEO total in FY2024. The structured pay-ratio disclosure reports the total without line-item components. Depository Institutions (SIC 60) median ratio is 43:1 across 136 FY2025 filers; Lakeland Financial Corp's $2.1M CEO total is at or below the $3.0M industry median CEO pay.
Lakeland Financial Corp stamps MODEST · MID$ · PAR-MED; grant-date fair value (not realized pay) is what the DEF 14A reports. Open Depository Institutions peers.
Key Data, FY2024
- Total Compensation
- $2.1M
- Median Employee Pay
- $57,060
- Pay Ratio
- 36:1
- Filing Date
- 2025-02-27
Company Info
- Ticker
- LKFN
- CIK
- 721994
- Industry
- Depository Institutions
- SIC Code
- 6022
- State
- IN
SEC EDGAR DEF 14A for CIK 721994, FY2024. Informational only, not investment advice. Verify on EDGAR.
Read our methodology - how this data is sourced, computed, and verified. Lakeland Financial Corp disclosed 36:1 CEO-to-worker pay and $2.1M CEO total in FY2024.
Read with Lakeland Financial Corp
ABS(ceo_total_comp) peers first, then a SIC pole and a stamp-branched guide - not a fixed Related strip. This page stamps MODEST · MID$ · PAR-MED.
Sarepta Therapeutics, Inc. · MID$
ABS(ceo_total_comp) peer at $2.0M (Δ $5K lighter vs Lakeland Financial Corp); FLOOR · ELITE-MED vs this page's MODEST · MID$ · PAR-MED.
Cohen & Steers, Inc. · MID$
ABS(ceo_total_comp) peer at $2.0M (Δ $13K lighter vs Lakeland Financial Corp); FLOOR · ELITE-MED vs this page's MODEST · MID$ · PAR-MED.
South Plains Financial, Inc. · MID$
ABS(ceo_total_comp) peer at $2.1M (Δ $15K heavier vs Lakeland Financial Corp); MODEST · PAR-MED vs this page's MODEST · MID$ · PAR-MED.
Coupang, Inc. · MID$
ABS(ceo_total_comp) peer at $2.1M (Δ $17K heavier vs Lakeland Financial Corp); MODEST · LOW-MED vs this page's MODEST · MID$ · PAR-MED.
Depository Institutions benchmark
Lakeland Financial Corp stamps MODEST · MID$ · PAR-MED inside SIC 60 - open the industry median board after the ABS peers.
Pay-ratio rankings · MODEST
See where MODEST · MID$ packages sit on the national leaderboard after reading Lakeland Financial Corp.
Ratio primer · MODEST
Lakeland Financial Corp's MODEST stamp sits in the lower Item 402(u) band - start with how the ratio is disclosed before comparing peers.
Data sourced from SEC EDGAR DEF 14A for Lakeland Financial Corp (CIK 721994), FY2024. See our methodology. Aggregated by PlainCEOPay as of August 2026.
Data currency: Executive compensation from SEC EDGAR DEF 14A proxy statements through fiscal year 2025, compiled and last refreshed August 2026. See our methodology for source dates and refresh cadence. Spot a figure that looks wrong? Report a correction.