Lincoln National EVP Spurr details equity holdings
Lincoln National Corp executive vice president, chief risk officer and chief actuary Paul P. Spurr filed an initial statement of beneficial ownership of company securities.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
3
Rhea-AI Filing Summary
Lincoln National Corp executive vice president, chief risk officer and chief actuary Paul P. Spurr filed an initial statement of beneficial ownership of company securities. He reports direct ownership of 51,735 shares of common stock, plus 8.33 shares held indirectly through the company’s 401(k) plan as of June 1, 2026.
Spurr also holds multiple employee stock options to buy common stock, including 4,053 underlying shares at an exercise price of $34.99 expiring on February 15, 2033, alongside other grants with exercise prices from $37.74 to $78.32 expiring between 2027 and 2032. Footnotes state that these options are fully vested and that he has restricted stock units covering 6,604, 6,885, 4,246 and 5,267 shares scheduled to vest between February 21, 2027 and May 28, 2029.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Spurr Paul P.
Role
EVP, CRO & CA
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 28,666 contracts (Direct);
Common Stock — 51,735 shares (Direct);
Common Stock — 8.33 shares (Indirect, In 401(k))
Footnotes (10)
- F1. Includes 6,604 restricted stock units ("RSUs") that vest on February 21, 2027, 6,885 RSUs that vest on February 19, 2028, 4,246 RSUs that vest on February 19, 2029, and 5,267 RSUs that vest on May 28, 2029.
- F2. Represents the number of shares of common stock beneficially owned through the Company's 401(k) Plan as of 6/1/2026.
- F3. The option vested in three equal installments on February 22, 2018, 2019 and 2020.
- F4. The option vested in three equal installments on February 21, 2019. 2020 and 2021.
- F5. The option vested in three equal installments on February 27, 2020, 2021 and 2022.
- F6. The option vested in three equal installments on February 19, 2021, 2022 and 2023.
- F7. The option vested in three equal installments on February 17, 2022, 2023 and 2024.
- F8. The option vested in three equal installments on February 16, 2023, 2024 and 2025.
- F9. The option vested in full on December 5, 2025.
- F10. The option vested in three equal installments on February 15, 2024, 2025 and 2026.
Key Figures
Direct common shares: 51,735 shares
401(k) common shares: 8.33 shares
Option at $34.99: 4,053 underlying shares at $34.99/share
+5 more
8 metrics
Direct common shares
51,735 shares
Common Stock directly owned by Paul P. Spurr
401(k) common shares
8.33 shares
Common Stock beneficially owned through 401(k) Plan as of June 1, 2026
Option at $34.99
4,053 underlying shares at $34.99/share
Employee Stock Option expiring February 15, 2033
Option at $37.74
3,230 underlying shares at $37.74/share
Employee Stock Option expiring December 5, 2032
Option at $73.51
2,097 underlying shares at $73.51/share
Employee Stock Option expiring February 16, 2032
RSUs vesting 2027
6,604 RSUs
Restricted stock units vesting February 21, 2027
RSUs vesting 2028
6,885 RSUs
Restricted stock units vesting February 19, 2028
RSUs vesting 2029
4,246 and 5,267 RSUs
Restricted stock units vesting February 19, 2029 and May 28, 2029
Key Terms
Employee Stock Option (Right to Buy), restricted stock units ("RSUs"), beneficially owned, 401(k) Plan, +1 more
5 terms
Employee Stock Option (Right to Buy) financial
"security_title: "Employee Stock Option (Right to Buy)" with underlying common stock"
restricted stock units ("RSUs") financial
"Includes 6,604 restricted stock units ("RSUs") that vest on February 21, 2027"
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.
beneficially owned financial
"Represents the number of shares of common stock beneficially owned through the Company's 401(k) Plan"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
401(k) Plan financial
"beneficially owned through the Company's 401(k) Plan as of 6/1/2026"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
exercise price financial
"conversion_or_exercise_price: "34.9900" for options over common stock"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did LNC executive Paul P. Spurr report in this Form 3 filing?
Paul P. Spurr reported his initial beneficial ownership in Lincoln National common stock and equity awards. The filing lists directly held shares, shares in the company 401(k) plan, multiple vested stock option grants, and several tranches of restricted stock units with future vesting dates.
What indirect Lincoln National (LNC) holdings does Paul P. Spurr have?
Paul P. Spurr beneficially owns 8.33 shares of Lincoln National common stock through the company’s 401(k) Plan as of June 1, 2026. This is in addition to his directly held shares and does not include his separate stock option and restricted stock unit awards listed in the filing.
What stock options for Lincoln National (LNC) does Paul P. Spurr hold?
Paul P. Spurr holds several employee stock options over Lincoln National common stock, including grants covering 4,053 shares at $34.99, 3,230 shares at $37.74 and other tranches up to $78.32. These options are fully vested and expire between 2027 and 2033, depending on the grant.
What restricted stock units (RSUs) did Paul P. Spurr disclose for LNC?
He disclosed restricted stock units totaling 6,604, 6,885, 4,246 and 5,267 shares of Lincoln National common stock. According to the footnotes, these RSUs are scheduled to vest on February 21, 2027, February 19, 2028, February 19, 2029 and May 28, 2029, respectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
