Executive Nilanjan Adhya awarded 19,951 RSUs at Lincoln National (LNC)

Rhea-AI Filing Summary

Lincoln National Corporation reported that executive vice president and Chief AI Data Analytics Officer Nilanjan Adhya acquired a grant of 19,951 shares of common stock on February 19, 2026. The award is structured as restricted stock units representing a contingent right to receive Lincoln National common shares.

The restricted stock units vest on February 19, 2029, meaning Adhya will receive the underlying shares only if the vesting conditions are satisfied and he remains eligible on that date. The filing shows these holdings as direct ownership, with 19,951 shares owned following the transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Adhya Nilanjan

Role EVP Chf AI Data Analytics Off

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	19,951	$0.00	--

Holdings After Transaction: Common Stock — 19,951 shares (Direct)

Footnotes (1)

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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^*

Adhya Nilanjan

(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 Chf AI Data Analytics 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		19,951(1)	A	$0	19,951	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. 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.

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 transaction did Lincoln National (LNC) report for Nilanjan Adhya?

Lincoln National reported that EVP and Chief AI Data Analytics Officer Nilanjan Adhya received a grant of 19,951 restricted stock units of common stock. These units represent a contingent right to receive Lincoln National shares if vesting conditions are met.

How many Lincoln National (LNC) shares are covered by Nilanjan Adhya’s new award?

The award covers 19,951 restricted stock units tied to Lincoln National common stock. After this grant, the filing shows Adhya holding 19,951 shares directly, reflecting the full size of this equity-based compensation award in the Form 4.

When do Nilanjan Adhya’s Lincoln National (LNC) restricted stock units vest?

The restricted stock units granted to Nilanjan Adhya vest on February 19, 2029. Vesting means he will receive Lincoln National common shares on that date, assuming he satisfies all applicable service and eligibility conditions specified for the award.

What type of transaction is reported in this Lincoln National (LNC) Form 4?

The Form 4 reports a grant or award acquisition coded as “A” for non-derivative common stock. It is classified as an equity-based compensation grant of restricted stock units, not an open-market purchase or sale of Lincoln National shares by the executive.

Is Nilanjan Adhya’s Lincoln National (LNC) award an open-market stock purchase?

No, the filing characterizes the event as a grant of restricted stock units with a transaction price per share of 0.0000. This indicates an equity compensation award rather than a cash-funded, open-market purchase of Lincoln National common stock by the executive.