Lincoln National (LNC) EVP granted 13,716 restricted stock units vesting 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Morriss John G reported acquisition or exercise transactions in this Form 4 filing.
Lincoln National Corp executive John G. Morriss received an equity award in the form of restricted stock units. He was granted 13,716 restricted stock units representing a contingent right to receive shares of Lincoln National common stock. These units vest on February 19, 2029. Following this award and dividend reinvestment activity, he directly holds 27,614 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morriss John G
Role
EVP, Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,716 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 27,614 shares (Direct)
Footnotes (1)
- Grant of restricted stock units representing a contingent right to receive shares of LNC common stock. The restricted stock units vest on February 19, 2029. Includes 145 shares acquired through dividend reinvestment since the reporting person's last report.
FAQ
What insider transaction did LNC executive John G. Morriss report?
John G. Morriss reported an acquisition of equity via a grant of 13,716 restricted stock units. These units represent a contingent right to receive Lincoln National Corp common shares, adding to his existing directly held share position.
What type of equity did Lincoln National grant to John G. Morriss?
Lincoln National granted John G. Morriss restricted stock units, which are a contingent right to receive common shares. The award covers 13,716 units, aligning his compensation with the company’s stock performance over the vesting period.
When do John G. Morriss’s Lincoln National restricted stock units vest?
The restricted stock units granted to John G. Morriss vest on February 19, 2029. Vesting on that date means the units convert into Lincoln National common shares for him, assuming all applicable conditions are satisfied by that time.
What does the dividend reinvestment detail in the LNC Form 4 mean?
The Form 4 notes that 145 Lincoln National shares were acquired through dividend reinvestment since the last report. This indicates cash dividends on existing holdings were automatically used to purchase additional LNC shares rather than being paid out in cash.