Equity awards and tax withholding for Lincoln National (NYSE: LNC) EVP

Rhea-AI Filing Summary

Lincoln National Corp executive John Christopher Kennedy reported equity awards and related tax withholding in company stock. On February 19, 2026, he acquired 22,026 shares upon settlement of a performance share award for the 2023–2025 cycle and received a grant of 16,085 restricted stock units that vest on February 19, 2029. To cover tax obligations on the performance share settlement, 7,353 shares were disposed of at $40.10 per share through tax withholding. After these transactions, he directly held 131,812 shares of common stock and beneficially owned 12,507.08 shares through the company’s 401(k) plan as of February 2, 2026.

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

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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)
02/19/2026

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	02/19/2026		A		22,026(1)	A	$0	139,165	D
Common Stock	02/19/2026		F		7,353(2)	D	$40.1	131,812	D
Common Stock	02/19/2026		A		16,085(3)	A	$0	147,897	D
Common Stock								12,507.08(4)	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. Represents acquisition of shares upon settlement of the performance share award for the 2023-2025 performance cycle.

2. Tax withholding upon settlement of performance share award.

3. 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.

4. 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	02/23/2026
	** 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 transactions did LNC executive John Christopher Kennedy report?

John Christopher Kennedy reported equity awards and related tax withholding. He acquired shares from a performance share award, received new restricted stock units, and had shares withheld to cover tax obligations tied to those awards on February 19, 2026.

How many Lincoln National (LNC) shares did the executive acquire in this Form 4?

He acquired 22,026 shares upon settlement of a 2023–2025 performance share award and received 16,085 restricted stock units. The units represent a contingent right to receive Lincoln National common stock, with vesting scheduled for February 19, 2029.

What was the purpose of the 7,353 Lincoln National (LNC) shares disposed of?

The 7,353 shares were disposed of to satisfy tax withholding obligations. The filing states this was tax withholding upon settlement of a performance share award, executed at a transaction price of $40.10 per share on February 19, 2026.

When do John Christopher Kennedy’s new Lincoln National restricted stock units vest?

The restricted stock units granted to John Christopher Kennedy vest on February 19, 2029. These units represent a contingent right to receive shares of Lincoln National common stock, aligning executive compensation with longer-term company performance and retention objectives.

How many Lincoln National (LNC) shares does the executive own after these transactions?

After the reported transactions, he directly owned 131,812 shares of Lincoln National common stock. Additionally, he beneficially owned 12,507.08 shares through the company’s 401(k) plan, based on plan holdings reported as of February 2, 2026.

What does the Form 4 say about Lincoln National (LNC) shares in the 401(k) plan?

The filing notes 12,507.08 shares of Lincoln National common stock are beneficially owned through the company’s 401(k) plan. This figure reflects plan holdings as of February 2, 2026 and is reported as indirect ownership in the Form 4.