Lincoln National director granted phantom stock units
LACHMAN M LEANNE reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
LACHMAN M LEANNE reported acquisition or exercise transactions in this Form 4 filing.
Lincoln National Corp director Leanne M. Lachman received 1,267.61 Phantom Stock Units on Common Stock as a grant under the company’s deferred compensation plan. Each unit equals one LNC share and is payable in Common Stock at resignation or retirement, bringing her total phantom units to 40,581.49.
Insider Trade Summary
Grant/Award: 1,267.61 shares
Grant/Award
1 txn
Insider
LACHMAN M LEANNE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 1,267.61 | $35.50 | $45K |
Holdings After Transaction:
Phantom Stock Unit — 40,581.49 contracts (Direct)
Footnotes (3)
- F1. Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock.
- F2. Quarterly payment of board retainer and fees in shares of phantom stock accrued under the LNC Deferred Compensation Plan for Non-employee Directors (the "Directors' DCP") in the LNC Stock Fund investment account, which are payable solely in shares of LNC Common Stock at resignation or retirement. The reporting person may transfer his/her phantom stock unit holdings into an alternative investment account in the Directors' DCP at any time.
- F3. Includes 412.86 shares acquired through dividend reinvestment since the reporting person's last report.
Key Figures
Phantom units granted: 1,267.61 units
Reference price per unit: $35.50
Total phantom units after grant: 40,581.49 units
+1 more
4 metrics
Phantom units granted
1,267.61 units
Phantom Stock Units granted on March 31, 2026
Reference price per unit
$35.50
Accounting price used for the March 31, 2026 grant
Total phantom units after grant
40,581.49 units
Director’s Phantom Stock Unit balance following the transaction
Dividend reinvestment units
412.86 shares-equivalent
Units acquired via dividend reinvestment since last report
Key Terms
Phantom Stock Unit, Deferred Compensation Plan, dividend reinvestment
3 terms
Phantom Stock Unit financial
"Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock."
Deferred Compensation Plan financial
"accrued under the LNC Deferred Compensation Plan for Non-employee Directors"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
dividend reinvestment financial
"Includes 412.86 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did LNC disclose for director Leanne M. Lachman?
Lincoln National Corp disclosed that director Leanne M. Lachman received 1,267.61 Phantom Stock Units on March 31, 2026. These units are part of her quarterly board retainer and fees, awarded under the company’s Deferred Compensation Plan for Non-employee Directors.
What are Phantom Stock Units in the LNC Form 4 filing?
Phantom Stock Units reported by Lincoln National Corp are bookkeeping units, each equivalent to one share of LNC Common Stock. They track the value of the stock and are ultimately payable in actual LNC shares, rather than in cash, at a future settlement event.
How many Phantom Stock Units does the LNC director hold after this transaction?
After receiving 1,267.61 additional Phantom Stock Units, director Leanne M. Lachman holds a total of 40,581.49 units. This total includes units previously accumulated, as well as additional 412.86 shares’ worth acquired through dividend reinvestment since her prior reported filing.
At what price were the new LNC Phantom Stock Units credited?
The 1,267.61 Phantom Stock Units granted to the Lincoln National Corp director were credited at a reference price of $35.50 per unit. This price is used for accounting purposes within the plan when determining the number of units corresponding to her board retainer and fees.
When and how are LNC Phantom Stock Units paid to the director?
The Phantom Stock Units are payable solely in shares of Lincoln National Corp Common Stock at the director’s resignation or retirement. Until then, they accrue in the Deferred Compensation Plan’s LNC Stock Fund, and can be transferred into an alternative investment account within that plan.
What role does dividend reinvestment play in the LNC director’s holdings?
The Form 4 notes that 412.86 shares were acquired through dividend reinvestment since the director’s last report. Dividends on the underlying LNC Common Stock are automatically reinvested into additional Phantom Stock Units, increasing the director’s deferred equity-based compensation balance over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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