Lincoln National exec sells 11,000 shares at $45.28

LINCOLN NATIONAL CORP (LNC) reported an insider transaction by executive vice president Sean Woodroffe.

Rhea-AI Filing Summary

LINCOLN NATIONAL CORP (LNC) reported an insider transaction by executive vice president Sean Woodroffe. On 2026-08-17, he sold 11,000 shares of common stock in an open-market transaction at a weighted average price of $45.28 per share, with individual trade prices ranging from $45.22 to $45.34. Following this sale, he directly holds 119,947 shares, which include 758 shares acquired through dividend reinvestment since his prior report.

Insider Trade Summary

Net Seller: 11,000 shares

Net Sell 1 txn

Insider Woodroffe Sean

Role EVP, Ch Ppl Comms Ent Srvc Off

Sold 11,000 shs ($498K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	11,000	$45.28	$498K

Holdings After Transaction: Common Stock — 119,947 shares (Direct)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.22 to $45.34, 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.
2. F2. Includes 758 shares acquired through dividend reinvestment since the reporting person's last report.

Key Figures

Shares sold: 11,000 shares Weighted average sale price: $45.28 per share Post-transaction holdings: 119,947 shares +2 more

5 metrics

Shares sold 11,000 shares Common Stock sold by Sean Woodroffe on 2026-08-17

Weighted average sale price $45.28 per share Weighted average of multiple sale transactions ranging from $45.22 to $45.34

Post-transaction holdings 119,947 shares Directly owned Common Stock following the reported sale

Dividend reinvestment shares 758 shares Shares included in holdings that were acquired through dividend reinvestment

Net insider share change -11,000 shares Net shares sold across all reported transactions in this Form 4

Key Terms

weighted average price, dividend reinvestment, non-derivative

3 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.

dividend reinvestment financial

"Includes 758 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.

non-derivative financial

"transaction_type": "non-derivative""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did LNC executive Sean Woodroffe report?

Sean Woodroffe reported a sale of 11,000 shares of Lincoln National Corp common stock on 2026-08-17. The transaction was reported as an open-market sale at a weighted average price of $45.28 per share.

At what prices did Sean Woodroffe sell his LNC shares?

The reported $45.28 figure is a weighted average price. Individual trades occurred in multiple transactions at prices ranging from $45.22 to $45.34 per share, inclusive, as disclosed in the transaction footnote.

How many LNC shares does Sean Woodroffe hold after this transaction?

After the sale, Sean Woodroffe directly holds 119,947 shares of Lincoln National Corp common stock. This total includes 758 shares acquired through dividend reinvestment since his previous ownership report.

Was Sean Woodroffe’s LNC stock sale made under a Rule 10b5-1 plan?

The filing indicates the Rule 10b5-1 checkbox is not affirmed for this transaction. No footnote states that the sale was executed pursuant to a pre-arranged 10b5-1 trading plan.

What type of security did Sean Woodroffe trade in this LNC Form 4?

The reported transaction involves Common Stock of Lincoln National Corp. It is a non-derivative open-market sale, and no derivative securities (such as options or warrants) are reported in this Form 4.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/18/2026 - 04:21 PM EDT Learn about SEC filing dates

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)
08/17/2026

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	08/17/2026		S		11,000	D	$45.28(1)	119,947(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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.22 to $45.34, 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.

2. Includes 758 shares acquired through dividend reinvestment since the reporting person's last report.

Remarks:

	/s/ Claire H. Hanna, Attorney-in-Fact	08/18/2026
	** 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)