STOCK TITAN

Lincoln International (LCLN) COO exercises options and adds 46K Class B shares

(Very High)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Lincoln International, Inc. (LCLN) reported insider equity transactions by Chief Operating Officer Mary Rose Weber on 2026-08-24. Weber exercised fully vested stock options, giving up option rights over 65,000 and 16,250 options at exercise prices of $7.38 and $6.83 per share, respectively, and acquired corresponding Common Units of Lincoln International, LP on a 1-to-1 basis for underlying Class A Common Stock. In connection with the exercise, 34,546 Common Units were delivered or withheld for payment of the exercise price or tax liability at a reference price of $23.42 per unit. Weber also acquired 46,704 shares of Class B Common Stock, and her direct Class B Common Stock holdings increased to 386,330 shares. Footnotes state the Common Units are redeemable at the holder’s option on a 1-to-1 basis for Class A Common Stock with a corresponding forfeiture of Class B Common Stock, and that the stock options exercised were fully vested and exercisable.

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Insights

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Insider Weber Mary Rose
Role Chief Operating Officer
Type Security Shares Price Value
Exercise Stock Option F3 65,000 $0.00 $0.00
Exercise Stock Option F3 16,250 $0.00 $0.00
Exercise Common Units F2, F1 65,000 $7.38 $480K
Exercise Price or Tax Liability Common Units F2 34,546 $23.42 $809K
Exercise Common Units F2, F1 16,250 $6.83 $111K
Grant/Award Class B Common Stock F1, F2 46,704 -- --
Holdings After Transaction: Stock Option — 0 shares (Direct); Common Units — 386,330 shares (Direct); Class B Common Stock — 386,330 shares (Direct)
Footnotes (3)
  1. F1. Represents common units of Lincoln International, LP ("Common Units") issued pursuant to the exercise of a Stock Option and a corresponding number of Class B Common Stock.
  2. F2. The Common Units may be redeemed by the Reporting Person at any time at the option of the holder for shares of Class A Common Stock on a 1-to-1 basis, and a corresponding number of shares of Class B Common Stock will be forfeited in connection with the redemption. The Common Units have no expiration date.
  3. F3. The stock option is fully vested and exercisable.
Stock options exercised at $7.38 65,000 shares Stock Option for Common Units exercised on 2026-08-24 at $7.38 per share
Stock options exercised at $6.83 16,250 shares Stock Option for Common Units exercised on 2026-08-24 at $6.83 per share
Units delivered/withheld for exercise price or tax liability 34,546 Common Units Code F transaction on 2026-08-24 at $23.42 per unit
Reference price for Code F Common Units $23.42 per unit Used for payment of exercise price or tax liability on 34,546 Common Units
Class B Common Stock acquired 46,704 shares Grant, award, or other acquisition on 2026-08-24
Class B Common Stock holdings after transactions 386,330 shares Direct ownership following the 2026-08-24 transactions
Stock option exercise price $7.38 per share Exercise price for 65,000 Stock Options
Stock option exercise price $6.83 per share Exercise price for 16,250 Stock Options
Stock Option financial
"Represents common units of Lincoln International, LP ("Common Units") issued pursuant to the exercise of a Stock Option"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
Common Units financial
"Represents common units of Lincoln International, LP ("Common Units") issued"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
Class B Common Stock financial
"and a corresponding number of Class B Common Stock."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
redeemed financial
"The Common Units may be redeemed by the Reporting Person at any time"
fully vested and exercisable financial
"The stock option is fully vested and exercisable."

FAQ

What did LCLN’s COO Mary Rose Weber report in this Form 4?

She reported exercising fully vested stock options into Common Units, delivering or withholding 34,546 units to pay the exercise price or tax liability, and receiving an additional 46,704 shares of Class B Common Stock, bringing her direct Class B holdings to 386,330 shares.

How many Lincoln International, LP Common Units were involved in the LCLN Form 4?

The filing shows option exercises into 65,000 and 16,250 Common Units, with a separate transaction in which 34,546 Common Units were delivered or withheld to pay the exercise price or tax liability related to these exercises.

What exercise prices were reported for Mary Rose Weber’s LCLN stock options?

The reported conversion or exercise prices were $7.38 per share for 65,000 options and $6.83 per share for 16,250 options, both fully vested and exercisable according to the footnotes.

How many shares of Class B Common Stock does Mary Rose Weber hold after these LCLN transactions?

After these transactions, Mary Rose Weber directly holds 386,330 shares of Class B Common Stock, as stated in the post-transaction share figure for that security.

Were the LCLN stock options exercised by Mary Rose Weber vested?

Yes. A footnote specifies that the stock option is fully vested and exercisable, indicating that the options exercised in these transactions were not subject to further vesting conditions.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Weber Mary Rose

(Last)(First)(Middle)
110 NORTH WACKER DRIVE, 51ST FLOOR

(Street)
CHICAGO ILLINOIS 60606

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Lincoln International, Inc. [ LCLN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Operating Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class B Common Stock08/24/2026A46,704(1)(2)A(1)386,330D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option$7.3808/24/2026M65,000 (3)12/31/2026Common Units65,000$00D
Stock Option$6.8308/24/2026M16,250 (3)12/31/2026Common Units16,250$00D
Common Units(2)08/24/2026M65,000(1) (2) (2)Class A Common Stock65,000$7.38404,626D
Common Units(2)08/24/2026F34,546 (2) (2)Class A Common Stock34,546$23.42370,080D
Common Units(2)08/24/2026M16,250(1) (2) (2)Class A Common Stock16,250$6.83386,330D
Explanation of Responses:
1. Represents common units of Lincoln International, LP ("Common Units") issued pursuant to the exercise of a Stock Option and a corresponding number of Class B Common Stock.
2. The Common Units may be redeemed by the Reporting Person at any time at the option of the holder for shares of Class A Common Stock on a 1-to-1 basis, and a corresponding number of shares of Class B Common Stock will be forfeited in connection with the redemption. The Common Units have no expiration date.
3. The stock option is fully vested and exercisable.
/s/ Julie Nelson, Attorney-in-Fact08/26/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)