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  4. [8-K] LINCOLN NATIONAL CORP Reports Material Event

Lincoln National (LNC) executive Brian Kroll to retire in planned succession

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Lincoln National Corporation announced that Brian Kroll, Executive Vice President and Head of Retail Life and Annuity Solutions, plans to retire. He notified the company of his intention to retire effective June 1, 2026. The company describes this retirement as part of a planned succession for its Retail Life and Annuities businesses.

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Insights

Planned retirement of a key business head signals orderly leadership transition.

Lincoln National Corporation reports that Brian Kroll, Executive Vice President and Head of Retail Life and Annuity Solutions, will retire effective June 1, 2026. He is identified as a named executive officer, underscoring his seniority and visibility.

The company states this move is part of a planned succession for the Retail Life and Annuities businesses. That wording points to an orderly transition rather than an abrupt departure, which generally reduces concern about operational disruption in a core product segment.

Investors may focus on how leadership changes shape strategy in retail life and annuities, but the provided information emphasizes planning rather than surprise. Subsequent company communications may identify Kroll’s successor and outline any strategic adjustments in these businesses.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Retirement effective date June 1, 2026 Effective date of Brian Kroll’s planned retirement
Filing reference date April 16, 2026 Date referenced alongside the company’s 2026 proxy statement
Series D preferred dividend rate 9.000% Rate on Non-Cumulative Preferred Stock, Series D depositary shares
named executive officer financial
"and a named executive officer of Lincoln National Corporation"
Non-Cumulative Preferred Stock financial
"9.000% Non-Cumulative Preferred Stock, Series D"
Preferred stock that pays a fixed dividend but does not require the company to make up missed payments later; if a dividend is skipped, shareholders lose that income permanently rather than accumulating a balance the company must repay. Investors care because this structure offers higher priority than common shares for payouts but less protection for dividend income, so it’s a trade-off between steady yield and the risk of permanent missed payments.
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
planned succession financial
"This is part of a planned succession for the Retail Life and Annuities businesses."
Understanding 8-K Material Events →
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

April 16, 2026
Date of Report (Date of earliest event reported)

                  Lincoln National Corporation             
(Exact name of registrant as specified in its charter)



Indiana1-602835-1140070
(State or other jurisdiction(Commission(IRS Employer
of incorporation)File Number)Identification No.)


150 N. Radnor Chester Road, Radnor, PA 19087
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (484) 583-1400

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
__________________________________

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbol(s)Name of each exchange on which registered
Common StockLNCNew York Stock Exchange
Depositary Shares, each representing a 1/1000th interest in a share of 9.000% Non-Cumulative Preferred Stock, Series D
LNC PRDNew York Stock Exchange
__________________________________

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐






Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Brian Kroll, Executive Vice President, Head of Retail Life and Annuity Solutions, and a named executive officer of Lincoln National Corporation (the “Company”) as disclosed in the Company’s 2026 proxy statement filed with the Securities and Exchange Commission on April 16, 2026, has notified the Company of his intention to retire effective June 1, 2026. This is part of a planned succession for the Retail Life and Annuities businesses.






SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LINCOLN NATIONAL CORPORATION
By/s/ Nancy A. Smith
Name:Nancy A. Smith
Title:Senior Vice President and Secretary

    

Date: April 16, 2026



Source: View Original Filing on SEC EDGAR

FAQ

What did Lincoln National Corporation (LNC) disclose in this 8-K filing?

Lincoln National Corporation disclosed that Brian Kroll, Executive Vice President and Head of Retail Life and Annuity Solutions, plans to retire effective June 1, 2026. The company notes this change is part of a planned succession for its Retail Life and Annuities businesses.

Who is Brian Kroll at Lincoln National Corporation (LNC)?

Brian Kroll is Executive Vice President, Head of Retail Life and Annuity Solutions, and a named executive officer of Lincoln National Corporation. His leadership covers the company’s Retail Life and Annuities businesses, making his planned retirement a notable governance and management development for shareholders.

When will Brian Kroll retire from Lincoln National Corporation (LNC)?

Brian Kroll has notified Lincoln National Corporation of his intention to retire effective June 1, 2026. This future effective date provides time for an orderly leadership transition within the Retail Life and Annuities businesses, consistent with the company’s description of a planned succession process.

Is Brian Kroll’s retirement at Lincoln National Corporation part of a succession plan?

Yes. Lincoln National Corporation states that Brian Kroll’s retirement is part of a planned succession for the Retail Life and Annuities businesses. This indicates the company anticipated the leadership change and is managing it through a structured transition rather than an abrupt departure.

Does the Lincoln National (LNC) 8-K mention any replacement for Brian Kroll?

The disclosure focuses on Brian Kroll’s planned retirement effective June 1, 2026, and notes it is part of a planned succession. It does not name his successor in this excerpt, only indicating that the transition is being handled through an established succession process.

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