Lincoln International (LCLN) CFO reports equity grants and unit cancellations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lincoln International, Inc. Chief Financial Officer Theodore J. Heidloff reported a series of internal equity and option movements tied to a reorganization and compensation awards. On May 19, 2026, he acquired 341,250 Class B Common Stock and the same number of Common Units in Lincoln International, LP as part of a company reorganization.
He also received multiple stock option grants over Common Units, including awards of 7,800 and 8,450 units at exercise prices of $9.09 and $6.83 per unit, with vesting dates ranging from January 1, 2027 to January 1, 2030. On May 21, 2026, he was granted 25,000 restricted stock units, each representing one share of Class A Common Stock, vesting in two equal annual installments on the third and fourth anniversaries of May 21, 2026. That same day, 34,124 Class B shares and an equal number of Common Units were cancelled or disposed to the issuer in connection with a sale of Common Units, leaving him with 307,126 Class B shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Heidloff Theodore J.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Units | 34,124 | $20.00 | $682K |
| Grant/Award | Class A Common Stock | 25,000 | $0.00 | -- |
| Disposition | Class B Common Stock | 34,124 | $0.00 | -- |
| Grant/Award | Common Units | 341,250 | $0.00 | -- |
| Grant/Award | Stock Option | 8,450 | $0.00 | -- |
| Grant/Award | Stock Option | 8,450 | $0.00 | -- |
| Grant/Award | Stock Option | 7,800 | $0.00 | -- |
| Grant/Award | Stock Option | 8,450 | $0.00 | -- |
| Grant/Award | Stock Option | 7,800 | $0.00 | -- |
| Grant/Award | Stock Option | 7,800 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 341,250 | $0.00 | -- |
Holdings After Transaction:
Common Units — 307,126 shares (Direct, null);
Class A Common Stock — 25,000 shares (Direct, null);
Class B Common Stock — 307,126 shares (Direct, null);
Stock Option — 8,450 shares (Direct, null)
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 Common Units and a corresponding number of Class B 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. Reflects the cancellation for no consideration of Class B 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 B Common Stock will be forfeited in connection with the redemption. The Common Units have no expiration date. The stock option is fully vested and exercisable. The stock option vests in full on January 1, 2027. The stock option vests in full on April 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
Class B shares acquired: 341,250 shares
Common Units acquired: 341,250 units
Class B shares after disposal: 307,126 shares
+5 more
8 metrics
Class B shares acquired
341,250 shares
Grant/award acquisition on May 19, 2026
Common Units acquired
341,250 units
Reorganization-related acquisition on May 19, 2026
Class B shares after disposal
307,126 shares
Holdings following May 21, 2026 disposition
Class B shares cancelled/disposed
34,124 shares
Disposition to issuer on May 21, 2026
RSU award
25,000 units
Class A Common Stock RSUs granted May 21, 2026
Stock option strike price
$9.09 per unit
Multiple option grants over Common Units
Stock option strike price
$6.83 per unit
Option grants over Common Units
Common Unit redemption ratio
1 unit : 1 Class A share
Redemption terms with Class B share forfeiture
Key Terms
Common Units, Class B Common Stock, restricted stock units ("RSUs"), Rule 16a-2(a), +2 more
6 terms
Common Units financial
"The common units of Lincoln International, LP ("Common Units") may be redeemed"
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
"Represents an acquisition of Common Units 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.
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right"
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.
Rule 16a-2(a) regulatory
"is reported herein pursuant to Rule 16a-2(a)."
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"
initial public offering financial
"under Section 12 ... 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.
FAQ
What insider transactions did LCLN CFO Theodore J. Heidloff report?
Heidloff reported internal equity moves including acquiring 341,250 Class B shares and matching Common Units in a reorganization, multiple stock option grants over Common Units, a 25,000-share RSU award, and cancellation or disposition of 34,124 Class B shares and Common Units.
Were the Lincoln International (LCLN) insider transactions open-market trades?
The transactions were described as grants, awards, reorganization-related acquisitions, and dispositions to the issuer, not open-market buys or sells. Footnotes link them to a corporate reorganization and compensation awards rather than discretionary market trading activity by the CFO.
What equity awards did the LCLN CFO receive in this Form 4 filing?
He received 341,250 Class B Common Stock and 341,250 Common Units in a reorganization, several stock option grants over Common Units at exercise prices of $9.09 and $6.83, and an award of 25,000 restricted stock units tied to Class A Common Stock.
How do the LCLN CFO’s Common Units relate to Class A and Class B stock?
Footnotes state each Common Unit may be redeemed for one share of Class A Common Stock on a 1-to-1 basis, with a corresponding number of Class B shares forfeited at redemption. The Common Units have no expiration date under this structure.
What are the vesting terms of the LCLN CFO’s new RSU award?
The award covers 25,000 restricted stock units, each representing one share of Class A Common Stock. According to the footnote, these RSUs vest in two substantially equal annual installments on the third and fourth anniversaries of May 21, 2026.
What are the key details of the LCLN CFO’s new stock options?
He received several stock option grants over Common Units with exercise prices of $9.09 and $6.83 per unit. Footnotes state specific options vest in full on January 1, 2027, April 1, 2027, January 1, 2028, January 1, 2029, and January 1, 2030.