Form 4: Cooper Ellen reports disposition transactions in LNC

Rhea-AI Filing Summary

Cooper Ellen reported disposition transactions in a Form 4 filing for LNC. The filing lists transactions totaling 18,669 shares at a weighted average price of $40.88 per share. Following the reported transactions, holdings were 533,459 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Cooper Ellen

Role President & CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	18,669	$40.88	$763K

Holdings After Transaction: Common Stock — 533,459 shares (Direct)

Footnotes (1)

1. Tax withholding upon vesting of restricted stock units. Includes 4,209.05 shares acquired through dividend reinvestment since the reporting person's last report.

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^*

Cooper Ellen

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/15/2026

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	02/15/2026		F		18,669(1)	D	$40.88	533,459(2)	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. Tax withholding upon vesting of restricted stock units.

2. Includes 4,209.05 shares acquired through dividend reinvestment since the reporting person's last report.

Remarks:

	/s/ Claire H. Hanna, Attorney-in-Fact	02/17/2026
	** 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 Ellen Cooper?

Lincoln National reported a tax-withholding disposition by President & CEO Ellen Cooper. On 02/15/2026, 18,669 common shares were delivered at $40.88 each to cover taxes on vested restricted stock units, rather than an open-market sale.

How many Lincoln National (LNC) shares does Ellen Cooper hold after this Form 4?

After the reported transaction, Ellen Cooper directly beneficially owned 533,459 Lincoln National common shares. This total includes 4,209.05 shares that were accumulated through dividend reinvestment since her prior ownership report filed with regulators.

What does transaction code "F" mean in the Lincoln National (LNC) Form 4?

Transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. For Lincoln National, 18,669 shares were used to satisfy tax withholding triggered by the vesting of restricted stock units awarded to Ellen Cooper.

Was the Lincoln National (LNC) CEO’s Form 4 transaction an open-market sale?

The transaction was not an open-market sale. The Form 4 states that 18,669 shares were disposed of to cover tax withholding upon vesting of restricted stock units, a routine administrative event related to equity compensation.

How were dividend reinvestments reflected in Ellen Cooper’s Lincoln National (LNC) holdings?

Ellen Cooper’s reported holdings include 4,209.05 Lincoln National shares acquired through dividend reinvestment. The Form 4 footnote explains that these reinvested dividends were accumulated since her last report and are part of the 533,459 directly owned shares.