LNC executive Tedrow discloses initial share holdings
LINCOLN NATIONAL CORP executive Darrel W. Tedrow has filed an initial ownership report showing his equity interests in the company.
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Form Type
3
Rhea-AI Filing Summary
LINCOLN NATIONAL CORP executive Darrel W. Tedrow has filed an initial ownership report showing his equity interests in the company. As EVP, President Life Insurance & RSS, he reports direct ownership of 34,014 shares of Common Stock, which includes time-based restricted stock units scheduled to vest between February 2027 and May 2029.
He also holds 1,844.2 Phantom Stock Units, each linked to one share of Lincoln National common stock through the company’s deferred compensation and retirement plan. In addition, he has employee stock options covering 3,777 shares at $34.99, 2,164 shares at $37.74, and 1,837 shares at $73.51, with expirations in 2032 and 2033.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Tedrow Darrel W.
Role
EVP, President Life Ins & RSS
| 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 | Phantom Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 7,778 contracts (Direct);
Phantom Stock Units — 1,844.2 contracts (Direct);
Common Stock — 34,014 shares (Direct)
Footnotes (5)
- F1. Includes 8,985 restricted stock units ("RSUs") that vest on February 21, 2027, 8,974 RSUs that vest on February 19, 2028, 6,125 RSUs that vest on February 19, 2029, and 4,923 RSUs that vest on May 28, 2029.
- F2. The option vested in three equal installments on February 16, 2023, 2024 and 2025.
- F3. The option vested in full on December 5, 2025.
- F4. The option vested in three equal installments on February 15, 2024, 2025 and 2026.
- F5. Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock. Represents stock units held in the LNC Deferred Compensation and Supplemental/Excess Retirement Plan (the "DC SERP"). The reporting person may transfer his investment in the Phantom Stock account into an alternative investment option in the DC SERP at any time.
Key Figures
Common Stock owned: 34,014 shares
RSUs vesting Feb 21, 2027: 8,985 units
RSUs vesting Feb 19, 2028: 8,974 units
+5 more
8 metrics
Common Stock owned
34,014 shares
Direct ownership reported on Form 3
RSUs vesting Feb 21, 2027
8,985 units
Restricted stock units included in common stock line
RSUs vesting Feb 19, 2028
8,974 units
Restricted stock units with 2028 vesting
RSUs vesting Feb 19, 2029
6,125 units
Restricted stock units with 2029 vesting
RSUs vesting May 28, 2029
4,923 units
Restricted stock units with May 2029 vesting
Phantom Stock Units
1,844.2 units
Deferred compensation plan, each equals one LNC share
Stock option at $34.99
3,777 underlying shares
Employee stock option expiring February 15, 2033
Stock option at $37.74
2,164 underlying shares
Employee stock option expiring December 5, 2032
Key Terms
restricted stock units ("RSUs"), Phantom Stock Units, Employee Stock Option (Right to Buy), Deferred Compensation and Supplemental/Excess Retirement Plan (the "DC SERP")
4 terms
restricted stock units ("RSUs") financial
"Includes 8,985 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.
Phantom Stock Units financial
"Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Employee Stock Option (Right to Buy) financial
"security_title":"Employee Stock Option (Right to Buy)""
Deferred Compensation and Supplemental/Excess Retirement Plan (the "DC SERP") financial
"Represents stock units held in the LNC Deferred Compensation and Supplemental/Excess Retirement Plan (the "DC SERP")."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Darrel W. Tedrow report owning in LINCOLN NATIONAL CORP (LNC)?
Darrel W. Tedrow reports direct ownership of 34,014 shares of Common Stock in LINCOLN NATIONAL CORP. This figure includes several tranches of restricted stock units scheduled to vest between February 2027 and May 2029, reflecting his long-term incentive alignment with shareholders.
What restricted stock units (RSUs) does Darrel W. Tedrow hold in LNC?
Tedrow’s common stock line includes 8,985 RSUs vesting February 21, 2027, 8,974 vesting February 19, 2028, 6,125 vesting February 19, 2029, and 4,923 vesting May 28, 2029, indicating a multi-year vesting schedule tied to continued service.
What Phantom Stock Units does Darrel W. Tedrow hold in LINCOLN NATIONAL (LNC)?
He holds 1,844.2 Phantom Stock Units, each equivalent to one share of LNC Common Stock. These units are held in the company’s Deferred Compensation and Supplemental/Excess Retirement Plan, and he may reallocate this phantom stock investment into alternative plan options at any time.
What stock options are reported for Darrel W. Tedrow at LINCOLN NATIONAL CORP?
Tedrow holds employee stock options over 3,777 shares at $34.99 expiring February 15, 2033, 2,164 shares at $37.74 expiring December 5, 2032, and 1,837 shares at $73.51 expiring February 16, 2032, reflecting multiple long-term equity grants.
How are Darrel W. Tedrow’s Phantom Stock Units in LNC structured?
Each Phantom Stock Unit equals one share of LNC Common Stock and is held in the company’s DC SERP plan. He can move value from the Phantom Stock account into other plan investment options, providing flexibility within the deferred compensation program.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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