Lincoln National (LNC) EVP uses 45,150 shares to cover RSU tax withholding
Rhea-AI Filing Summary
Lincoln National Corp executive vice president Sean Woodroffe reported a tax-related share disposition tied to vesting of restricted stock units. On this Form 4, 45,150 shares of common stock were withheld at $36.03 per share to cover tax obligations, rather than sold on the open market. After this withholding, he directly holds 155,189 shares, which the filing notes include 2,180 shares acquired through dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 45,150 shares
Net Sell
1 txn
Insider
Woodroffe Sean
Role
EVP, Ch Ppl Comms Ent Srvc Off
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 45,150 | $36.03 | $1.63M |
Holdings After Transaction:
Common Stock — 155,189 shares (Direct)
Footnotes (2)
- F1. Tax withholding upon vesting of restricted stock units.
- F2. Includes 2,180 shares acquired through dividend reinvestment since the reporting person's last report.
Key Figures
Tax-withholding shares: 45,150 shares
Price per share: $36.03 per share
Shares held after transaction: 155,189 shares
+1 more
4 metrics
Tax-withholding shares
45,150 shares
Common stock withheld for taxes on RSU vesting
Price per share
$36.03 per share
Value applied to withheld shares
Shares held after transaction
155,189 shares
Direct ownership following tax withholding
Dividend reinvestment shares
2,180 shares
Acquired through dividend reinvestment since last report
Key Terms
restricted stock units, tax-withholding disposition, dividend reinvestment, Form 4
4 terms
restricted stock units financial
"Tax withholding upon vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
dividend reinvestment financial
"Includes 2,180 shares acquired through dividend reinvestment since the reporting person's last report."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did LNC executive Sean Woodroffe report in this Form 4 filing?
Sean Woodroffe reported shares withheld for taxes, not an open-market sale. The Form 4 shows 45,150 Lincoln National Corp common shares were used to satisfy tax obligations related to restricted stock unit vesting, with 155,189 shares held directly afterward.
Was the LNC Form 4 transaction by Sean Woodroffe a stock sale?
No, the transaction was a tax-withholding disposition, not a market sale. The filing states shares were withheld upon vesting of restricted stock units to cover tax liabilities, meaning the company retained 45,150 shares instead of selling them on an exchange.
What does transaction code F mean in the LNC Form 4 for Sean Woodroffe?
Transaction code F indicates payment of a tax liability or exercise price by delivering securities. In this Lincoln National Corp filing, it reflects shares withheld upon vesting of restricted stock units, classifying the event as tax withholding rather than a discretionary stock sale.
What are restricted stock units and how do they relate to this LNC Form 4?
Restricted stock units are share-based awards that vest over time, then convert into company stock. In this Lincoln National Corp Form 4, the tax-withholding disposition occurred when RSUs vested, leading the company to retain 45,150 shares to cover Woodroffe’s resulting tax obligations.