Lincoln National director granted phantom stock units
Lincoln National Corp director William H. Cunningham received a grant of 1,690.14 Phantom Stock Units tied to company common stock.
Rhea-AI Filing Summary
Lincoln National Corp director William H. Cunningham received a grant of 1,690.14 Phantom Stock Units tied to company common stock. The award was credited at a reference price of $35.50 per unit as part of his quarterly board retainer and fees under the Deferred Compensation Plan for Non-employee Directors.
Each Phantom Stock Unit equals one share of Lincoln National common stock and is payable only in shares when the director resigns or retires. After this grant, Cunningham holds a total of 194,361.75 Phantom Stock Units, including amounts accumulated over time such as shares acquired through dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,690.14 shares
Grant/Award
1 txn
Insider
CUNNINGHAM WILLIAM H DR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 1,690.14 | $35.50 | $60K |
Holdings After Transaction:
Phantom Stock Unit — 194,361.75 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 2,023.39 shares acquired through dividend reinvestment since the reporting person's last report.
Key Figures
Phantom Stock Units granted: 1,690.14 units
Reference price per unit: $35.50 per unit
Total Phantom Units after grant: 194,361.75 units
+3 more
6 metrics
Phantom Stock Units granted
1,690.14 units
Quarterly board retainer and fees on 2026-03-31
Reference price per unit
$35.50 per unit
Used to determine number of Phantom Stock Units
Total Phantom Units after grant
194,361.75 units
Director’s Phantom Stock balance following transaction
Dividend reinvestment units
2,023.39 units
Units added via dividend reinvestment since last report
Underlying common stock equivalence
1:1 share per unit
Each Phantom Stock Unit equals one LNC common share
Underlying shares for this grant
1,690.14 shares
Underlying LNC common stock tied to new Phantom Units
Key Terms
Phantom Stock Unit, Deferred Compensation Plan for Non-employee Directors, dividend reinvestment, LNC Stock Fund investment account, +1 more
5 terms
Phantom Stock Unit financial
"Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock."
Deferred Compensation Plan for Non-employee Directors financial
"accrued under the LNC Deferred Compensation Plan for Non-employee Directors (the "Directors' DCP")"
dividend reinvestment financial
"Includes 2,023.39 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.
LNC Stock Fund investment account financial
"in the LNC Stock Fund investment account, which are payable solely in shares"
non-employee director financial
"Deferred Compensation Plan for Non-employee Directors (the "Directors' DCP")"
FAQ
What insider transaction did Lincoln National (LNC) report for Dr. William H. Cunningham?
Lincoln National reported that director Dr. William H. Cunningham received 1,690.14 Phantom Stock Units. These units reflect his quarterly board retainer and fees, credited under the company’s Deferred Compensation Plan and tied to the value of Lincoln National common stock.
What is a Phantom Stock Unit in the Lincoln National (LNC) Form 4 filing?
A Phantom Stock Unit is an award that tracks the value of one share of Lincoln National common stock. Units are bookkeeping entries, not current shares, and will be settled in actual Lincoln National common stock when the director resigns or retires from the board.
How many Phantom Stock Units does the Lincoln National (LNC) director hold after this grant?
After the reported grant, the director holds 194,361.75 Phantom Stock Units. This total includes the new 1,690.14-unit award plus prior accumulated units, such as those added through dividend reinvestment described in the filing footnotes.
What price was used to credit the Phantom Stock Units in the Lincoln National (LNC) transaction?
The 1,690.14 Phantom Stock Units were credited using a reference price of $35.50 per unit. This price is used solely to calculate the number of units awarded for the director’s quarterly board retainer and fees under the deferred compensation plan.
When will the Lincoln National (LNC) Phantom Stock Units be paid out to the director?
The Phantom Stock Units will be paid solely in shares of Lincoln National common stock at the director’s resignation or retirement. Until then, the units remain as deferred compensation entries that follow the value of Lincoln National’s stock over time.
How were dividend reinvestments treated in the Lincoln National (LNC) director’s Phantom Stock holdings?
The filing notes the director’s total Phantom Stock holdings include 2,023.39 shares acquired through dividend reinvestment since his last report. These reinvested amounts increase the overall Phantom Stock balance alongside regular quarterly fee-based awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
