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Lincoln National (LNC) files Form 144 for NYSE sale of preferred stock

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Lincoln National Corporation (LNC) filed a notice of proposed sale of 398,259 preferred shares to be sold through Fidelity Brokerage Services LLC on or after 08/12/2026 on the NYSE, identified with code 191447336. The filing also lists earlier issuances of preferred shares to the issuer as compensation for services rendered, including 7,168 preferred shares on 02/16/2023 and 7,838 preferred shares on 05/11/2023.

Positive

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Negative

  • None.
Preferred shares to be sold 398,259 shares Proposed sale through Fidelity Brokerage Services LLC on or after 08/12/2026 on NYSE
Security code 191447336 Identifier associated with the preferred securities to be sold
Preferred issued 02/16/2023 7,168 shares Payment for services rendered, classified as compensation preferred
Preferred issued 05/11/2023 7,838 shares Payment for services rendered, classified as compensation preferred
Planned sale date 08/12/2026 Date associated with proposed sale of 398,259 preferred shares on NYSE
Form 144 regulatory
"Lincoln National Corporation filed a notice of proposed sale on Form 144"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
preferred shares financial
"notice of proposed sale of 398,259 preferred shares to be sold"
Preferred shares are a type of investment that gives investors priority over common shareholders when it comes to receiving dividends and getting their money back if a company is sold or liquidated. Think of them as a safer, more predictable way to earn income from a company's profits, similar to a fixed-return investment, but without voting rights. This makes preferred shares appealing to those seeking stable income with a higher claim on assets than regular stockholders.
payment for services rendered financial
"Preferred issued as payment for services rendered, classified as compensation"
compensation preferred financial
"both categorized as compensation preferred from the issuer"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What does LNC's latest Form 144 filing disclose?

The Form 144 for LNC discloses a proposed sale of 398,259 preferred shares through Fidelity Brokerage Services LLC on or after 08/12/2026 on the NYSE, along with prior compensation-related preferred issuances.

How many LNC preferred shares are proposed to be sold under this Form 144?

The notice covers a proposed sale of 398,259 preferred shares of LNC. These shares are to be sold via Fidelity Brokerage Services LLC, with the planned sale date disclosed as 08/12/2026 on the NYSE.

Which broker will handle the Form 144 sale for LNC preferred shares?

The proposed sale of LNC preferred shares will be handled by Fidelity Brokerage Services LLC, located at 245 Summer Street, Boston, MA 02110, as stated in the Form 144 filing for the 398,259 preferred shares transaction.

What prior LNC preferred share issuances are mentioned in this Form 144?

The filing notes preferred shares issued as payment for services rendered, including 7,168 preferred shares on 02/16/2023 and 7,838 preferred shares on 05/11/2023, both categorized as compensation preferred from the issuer.

On which exchange are the LNC preferred shares in this Form 144 planned to be sold?

The 398,259 preferred shares referenced in the LNC Form 144 are planned to be sold on the NYSE. The filing identifies the securities with the code 191447336 and lists Fidelity Brokerage Services LLC as broker.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature