Lincoln International (LCLN) CEO receives large equity awards in IPO reorganization
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lincoln International, Inc. reported that CEO Robert Todd Brown acquired equity awards rather than trading shares in the market. In a reorganization tied to the company’s initial public offering, he received Class A Common Stock, Common Units and a corresponding number of Class C Common Stock.
On May 21, 2026, Brown was granted 350,000 restricted stock units, each representing one share of Class A Common Stock, vesting in two substantially equal installments on the third and fourth anniversaries of that date. Following this grant, he directly holds 1,007,800 shares of Class A Common Stock.
On May 19, 2026, he also received 7,792,200 Common Units that can be redeemed 1-to-1 for Class A Common Stock, with an equal number of Class C shares forfeited upon redemption, plus 657,800 Class A and 7,792,200 Class C shares. Additional stock option awards cover 16,250 Common Units each at an exercise price of $9.09, with expirations between 2027 and 2030, and 325,000 Common Units at $7.38 expiring in 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Brown Robert Todd
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 350,000 | $0.00 | -- |
| Grant/Award | Common Units | 7,792,200 | $0.00 | -- |
| Grant/Award | Stock Option | 325,000 | $0.00 | -- |
| Grant/Award | Stock Option | 16,250 | $0.00 | -- |
| Grant/Award | Stock Option | 16,250 | $0.00 | -- |
| Grant/Award | Stock Option | 16,250 | $0.00 | -- |
| Grant/Award | Stock Option | 16,250 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 657,800 | $0.00 | -- |
| Grant/Award | Class C Common Stock | 7,792,200 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 1,007,800 shares (Direct);
Common Units — 7,792,200 shares (Direct);
Stock Option — 325,000 shares (Direct);
Class C Common Stock — 7,792,200 shares (Direct)
Footnotes (1)
- This transaction occurred prior to the Issuer's registration of a class of equity securities under Section 12 of the Securities Exchange Act of 1934, as amended, in connection with the Issuer's initial public offering, and is reported herein pursuant to Rule 16a-2(a). Represents an acquisition of Class A Common Stock, Common Units and a corresponding number of Class C Common Stock pursuant to a reorganization of the Issuer. Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Class A Common Stock. The RSUs vest in two substantially equal annual installments on each of the third and fourth anniversaries of May 21, 2026. The common units of Lincoln International, LP ("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 C Common Stock will be forfeited in connection with the redemption. The Common Units have no expiration date. The stock option vests in full on January 1, 2027. The stock option vests in full on January 1, 2028. The stock option vests in full on January 1, 2029. The stock option vests in full on January 1, 2030.
Key Figures
RSU grant: 350,000 shares
Class A shares after grant: 1,007,800 shares
Common Units acquired: 7,792,200 units
+4 more
7 metrics
RSU grant
350,000 shares
Restricted stock units for Class A Common Stock granted May 21, 2026
Class A shares after grant
1,007,800 shares
Direct Class A Common Stock holdings following May 21, 2026 transactions
Common Units acquired
7,792,200 units
Common Units of Lincoln International, LP acquired in reorganization
Class C shares acquired
7,792,200 shares
Class C Common Stock corresponding to Common Units in reorganization
Additional Class A shares
657,800 shares
Class A Common Stock acquired May 19, 2026 in reorganization
Stock options at $9.09
16,250 units per grant
Multiple option awards with $9.09 exercise price expiring 2027–2030
Stock option at $7.38
325,000 units
Option award with $7.38 exercise price expiring December 31, 2027
Key Terms
restricted stock units ("RSUs"), Common Units, Class C Common Stock, Rule 16a-2(a), +2 more
6 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Common Units financial
"The common units of Lincoln International, LP ("Common Units") may be redeemed by the Reporting Person at any time"
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 C Common Stock financial
"and a corresponding number of Class C Common Stock will be forfeited in connection with the redemption"
A class C common stock is a type of company share that usually represents ownership but often carries limited or no voting power compared with other share classes. For investors, that matters because it can affect influence over company decisions and sometimes the stock’s price or dividend priority — think of it as owning a ticket to the same event but in a section with less say in how the event is run.
Rule 16a-2(a) regulatory
"and is reported herein pursuant to Rule 16a-2(a)"
initial public offering financial
"in connection with the Issuer's initial public offering, and is reported herein pursuant to Rule 16a-2(a)"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
Section 12 of the Securities Exchange Act of 1934 regulatory
"registration of a class of equity securities under Section 12 of the Securities Exchange Act of 1934, as amended"
FAQ
What did Lincoln International (LCLN) CEO Robert Todd Brown report on this Form 4?
Robert Todd Brown reported equity awards rather than open-market trades. He received Class A shares, Common Units, Class C shares, restricted stock units, and stock options, mainly connected to a corporate reorganization and compensation grants around the time of Lincoln International’s initial public offering.
What Common Units and Class C stock awards did LCLN’s CEO receive in the reorganization?
Robert Todd Brown acquired 7,792,200 Common Units and a corresponding 7,792,200 shares of Class C Common Stock in the issuer’s reorganization. The Common Units are paired economically with Class A stock, while the Class C shares are designed to be forfeited when units are exchanged into Class A shares.
How do Lincoln International (LCLN) Common Units held by the CEO convert into Class A stock?
The Common Units held by Robert Todd Brown may be redeemed at any time for Class A Common Stock on a 1-to-1 basis. When units are redeemed, an equal number of Class C Common Stock shares are forfeited, keeping the overall Class A share count aligned with the unit redemptions.
What are the key terms of the restricted stock units granted to LCLN’s CEO?
The CEO received 350,000 restricted stock units, each representing one Class A share. These RSUs vest in two substantially equal annual installments on the third and fourth anniversaries of May 21, 2026, creating a long-term incentive tied to continued service and Lincoln International’s future performance.
What stock options did the Lincoln International (LCLN) CEO receive in this Form 4?
Robert Todd Brown received several stock option awards on May 19, 2026. These include options for 16,250 Common Units each at a $9.09 exercise price, expiring between 2027 and 2030, and an additional 325,000-unit option with a $7.38 exercise price expiring in 2027, all granted as compensation.