Large equity grants and cancellations by Lincoln (LCLN) director Barr detailed in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lincoln International, Inc. director and ten percent owner Robert Bruce Barr reported a mix of equity awards and cancellations around the company’s reorganization and initial public offering preparations. On May 19, 2026, he acquired 12,931,100 shares of Class C Common Stock and 527,800 shares of Class A Common Stock directly, plus 975,000 Class C shares indirectly through the Robert B. Barr 2025 GRAT, all at a stated price of $0.00 per share, characterized as grants or other acquisitions.
Matching Common Units were also acquired on that date, each redeemable on a 1‑for‑1 basis for Class A Common Stock, with a corresponding forfeiture of Class C shares. On May 21, 2026, Barr disposed of 3,588,622 shares of Class C Common Stock and the same number of Common Units in transactions coded as dispositions to the issuer, including cancellation of Class C shares for no consideration in connection with a sale of Common Units. After these transactions, he reported 9,342,478 Class C shares and 9,342,478 Common Units held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Barr Robert Bruce
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Units | 3,588,622 | $20.00 | $71.77M |
| Disposition | Class C Common Stock | 3,588,622 | $0.00 | -- |
| Grant/Award | Common Units | 12,931,100 | $0.00 | -- |
| Grant/Award | Common Units | 975,000 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 527,800 | $0.00 | -- |
| Grant/Award | Class C Common Stock | 12,931,100 | $0.00 | -- |
| Grant/Award | Class C Common Stock | 975,000 | $0.00 | -- |
Holdings After Transaction:
Common Units — 9,342,478 shares (Direct);
Class C Common Stock — 9,342,478 shares (Direct);
Common Units — 975,000 shares (Indirect, By the Robert B. Barr 2025 GRAT);
Class A Common Stock — 527,800 shares (Direct);
Class C Common Stock — 975,000 shares (Indirect, By the Robert B. Barr 2025 GRAT)
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. Reflects the cancellation for no consideration of Class C Common Stock in connection with the sale of Common Units. 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.
Key Figures
Class C shares acquired (direct): 12,931,100 shares
Class A shares acquired (direct): 527,800 shares
Class C shares acquired (indirect GRAT): 975,000 shares
+5 more
8 metrics
Class C shares acquired (direct)
12,931,100 shares
Grant, award, or other acquisition on May 19, 2026
Class A shares acquired (direct)
527,800 shares
Grant, award, or other acquisition on May 19, 2026
Class C shares acquired (indirect GRAT)
975,000 shares
Held by the Robert B. Barr 2025 GRAT on May 19, 2026
Common Units disposed
3,588,622 units
Disposition to issuer on May 21, 2026 at $20.00 per unit
Class C shares canceled
3,588,622 shares
Cancellation for no consideration tied to Common Unit sale on May 21, 2026
Common Units held after transactions
9,342,478 units
Direct holdings following May 21, 2026 disposition
Class C shares held after transactions
9,342,478 shares
Direct holdings following May 21, 2026 disposition
Disposition price per Common Unit
$20.00 per unit
Issuer disposition of 3,588,622 Common Units on May 21, 2026
Key Terms
initial public offering, Rule 16a-2(a), reorganization of the Issuer, Common Units, +2 more
6 terms
initial public offering financial
"prior to the Issuer's registration of a class of equity securities ... in connection with the Issuer's initial public offering"
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.
Rule 16a-2(a) regulatory
"and is reported herein pursuant to Rule 16a-2(a)."
reorganization of the Issuer financial
"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."
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
"Reflects the cancellation for no consideration of Class C Common Stock in connection with the sale of Common Units."
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.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transactions did Robert Bruce Barr report for Lincoln International (LCLN)?
Robert Bruce Barr reported large equity grants and issuer-related cancellations. On May 19, 2026, he acquired Class A and Class C shares and matching Common Units, then on May 21, 2026, disposed of 3,588,622 Class C shares and the same number of Common Units back to the issuer.
What are Lincoln International (LCLN) Common Units and how can Barr use them?
The Common Units of Lincoln International, LP may be redeemed at Barr’s option for Class A Common Stock on a one-to-one basis. When units are redeemed, a corresponding number of Class C Common Stock shares are forfeited, and the Common Units have no expiration date according to the disclosure.
How many Lincoln International (LCLN) Common Units does Barr hold after these Form 4 transactions?
After the reported acquisitions and subsequent disposition to the issuer, Barr reported holding 9,342,478 Common Units directly. These units are redeemable on a one-to-one basis for Class A Common Stock, with a corresponding forfeiture of the same number of Class C Common Stock shares upon redemption.