LNC (LNC) EVP uses 3,069 shares to cover RSU tax bill

Rhea-AI Filing Summary

Lincoln National Corp executive John Christopher Kennedy reported a routine tax-related share disposition. On 02/15/2026, 3,069 shares of common stock were withheld at $40.88 per share to cover taxes upon vesting of restricted stock units.

After this tax-withholding disposition, he directly beneficially owned 117,139 shares. He also indirectly beneficially owned 12,507.08 shares through the company’s 401(k) plan as of 02/02/2026, including 1,223.48 shares accumulated via dividend reinvestment since his prior report.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Kennedy John Christopher

Role EVP, Chief Dist. & Brand Off

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	3,069	$40.88	$125K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 117,139 shares (Direct); Common Stock — 12,507.08 shares (Indirect, In 401(K))

Footnotes (1)

1. Tax withholding upon vesting of restricted stock units. Includes 1,223.48 shares acquired through dividend reinvestment since the reporting person's last report. Represents the number of shares of common stock beneficially owned through the Company's 401(k) Plan as of 2/2/2026.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kennedy John Christopher

(Last) (First) (Middle)

150 N. RADNOR-CHESTER ROAD

(Street)

RADNOR PA 19087

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LINCOLN NATIONAL CORP [ LNC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Dist. & Brand Off

3. Date of Earliest Transaction (Month/Day/Year)
02/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/15/2026		F		3,069(1)	D	$40.88	117,139(2)	D
Common Stock								12,507.08(3)	I	In 401(K)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Tax withholding upon vesting of restricted stock units.

2. Includes 1,223.48 shares acquired through dividend reinvestment since the reporting person's last report.

3. Represents the number of shares of common stock beneficially owned through the Company's 401(k) Plan as of 2/2/2026.

Remarks:

	/s/ Claire H. Hanna, Attorney-in-Fact	02/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did LNC executive John Christopher Kennedy report?

John Christopher Kennedy reported a tax-withholding disposition of 3,069 Lincoln National Corp common shares. The shares were withheld at $40.88 each to satisfy tax obligations arising from the vesting of restricted stock units on February 15, 2026.

Did the LNC Form 4 show an open-market sale by John Christopher Kennedy?

The Form 4 did not show an open-market sale. It disclosed a tax-withholding disposition, where 3,069 shares were withheld to cover taxes on restricted stock unit vesting, rather than shares being sold on the open market.

How many LNC shares does John Christopher Kennedy own after this transaction?

Following the tax-withholding transaction, John Christopher Kennedy directly beneficially owned 117,139 Lincoln National Corp common shares, plus an additional 12,507.08 shares indirectly through the company’s 401(k) plan, reflecting his updated equity stake.

What price per share was used for the LNC tax-withholding disposition?

The tax-withholding disposition used a price of $40.88 per Lincoln National Corp common share. This price applied to the 3,069 shares withheld to satisfy tax liabilities tied to the vesting of restricted stock units on February 15, 2026.

How are John Christopher Kennedy’s LNC 401(k) shares reported in the filing?

The filing reports 12,507.08 Lincoln National Corp shares beneficially owned through the company’s 401(k) plan. This amount, as of February 2, 2026, includes 1,223.48 shares accumulated through dividend reinvestment since his previous ownership report.

What does the transaction code F mean in the LNC Form 4?

Transaction code F indicates payment of a tax liability or exercise price by delivering securities. In this case, 3,069 Lincoln National Corp shares were withheld to pay taxes due on the vesting of restricted stock units, not sold in the market.