Lincoln National (LNC) EVP Sean Woodroffe sells 25,000 shares in open-market trade

Rhea-AI Filing Summary

Lincoln National Corp executive Sean Woodroffe sold Common Stock in an open-market transaction. On June 1, 2026, he sold 25,000 shares at a weighted average price of $34.75 per share, with individual sale prices ranging from $34.51 to $35.21. After this sale, he directly holds 130,189 shares of Lincoln National common stock.

Insider Trade Summary

Net Seller: 25,000 shares ($868,750)

Net Sell 1 txn

Insider Woodroffe Sean

Role EVP, Ch Ppl Comms Ent Srvc Off

Sold 25,000 shs ($869K)

Type	Security	Shares	Price	Value
Sale	Common Stock	25,000	$34.75	$869K

Holdings After Transaction: Common Stock — 130,189 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 25,000 shares Weighted average sale price: $34.75 per share Price range of sales: $34.51 to $35.21 +2 more

5 metrics

Shares sold 25,000 shares Open-market sale on June 1, 2026

Weighted average sale price $34.75 per share Common Stock sale

Price range of sales $34.51 to $35.21 Multiple transactions within this range

Shares held after transaction 130,189 shares Direct ownership after sale

Net shares sold 25,000 shares Net buy/sell direction: net-sell

Key Terms

weighted average price, open-market sale, Common Stock, Form 4

4 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Woodroffe Sean

(Last) (First) (Middle)

150 N. RADNOR CHESTER ROAD

(Street)

RADNOR PENNSYLVANIA 19087

(City) (State) (Zip)

UNITED STATES

(Country)

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, Ch Ppl Comms Ent Srvc Off

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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

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

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

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	06/01/2026		S		25,000	D	$34.75(1)	130,189	D

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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.51 to $35.21, inclusive. The reporting person undertakes to provide Lincoln National Corporation, any security holder of Lincoln National Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 1.

Remarks:

	/s/ Claire H. Hanna, Attorney-in-Fact	06/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Lincoln National (LNC) report for Sean Woodroffe?

Lincoln National reported that executive Sean Woodroffe completed an open-market sale of common stock. He sold 25,000 shares on June 1, 2026, at a weighted average price of $34.75 per share, as disclosed in the Form 4 filing.

How many Lincoln National (LNC) shares did Sean Woodroffe sell and at what prices?

Sean Woodroffe sold 25,000 shares of Lincoln National common stock. The weighted average sale price was $34.75 per share, with individual trades executed between $34.51 and $35.21, according to the Form 4 disclosure and its accompanying footnote.

How many Lincoln National (LNC) shares does Sean Woodroffe hold after this Form 4 sale?

After the reported transaction, Sean Woodroffe directly holds 130,189 shares of Lincoln National common stock. This post-transaction ownership figure is disclosed in the Form 4 under total shares following the transaction, providing context on his remaining equity stake.

Was Sean Woodroffe’s Lincoln National (LNC) sale an open-market transaction?

Yes. The Form 4 identifies the transaction code as “S,” described as a sale in an open market or private transaction. The transaction fields also label it explicitly as an open-market sale of Lincoln National common stock by the executive.

What does weighted average price mean in Sean Woodroffe’s Lincoln National (LNC) sale?

The weighted average price of $34.75 reflects multiple trades executed between $34.51 and $35.21. The footnote explains that shares were sold in several transactions, and detailed trade-by-trade pricing is available upon request from Lincoln National or the SEC staff.