Lincoln National (LNC) CFO withholds 2,464 shares to cover RSU tax liability

Rhea-AI Filing Summary

LINCOLN NATIONAL CORP executive Christopher M. Neczypor (EVP & CFO) reported a Form 4 transaction involving company common stock. On August 9, 2026, 2,464 shares were withheld at $46.03 per share to satisfy tax obligations upon the vesting of a restricted stock unit award granted on August 9, 2023. Following this tax-withholding disposition, he directly holds 194,705 shares of common stock, which includes 3,087 shares acquired through dividend reinvestment since his prior report.

Insider Trade Summary

Net Seller: 2,464 shares

Net Sell 1 txn

Insider Neczypor Christopher M

Role EVP & CFO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1, F2	2,464	$46.03	$113K

Holdings After Transaction: Common Stock — 194,705 shares (Direct)

Footnotes (2)

1. F1. Tax withholding upon vesting of restricted stock unit award granted on August 9, 2023.
2. F2. Includes 3,087 shares acquired through dividend reinvestment since the reporting person's last report.

Key Figures

Shares withheld for taxes: 2,464 shares Per-share value for withholding: $46.03 per share Shares held after transaction: 194,705 shares +2 more

5 metrics

Shares withheld for taxes 2,464 shares Tax withholding upon vesting of restricted stock unit award on August 9, 2026

Per-share value for withholding $46.03 per share Value applied to 2,464 shares withheld for tax liability

Shares held after transaction 194,705 shares Direct common stock holdings of CFO following tax-withholding disposition

Dividend reinvestment shares 3,087 shares Portion of post-transaction holdings acquired via dividend reinvestment since last report

Exercise price or tax-liability shares 2,464 shares Code F transaction counted as payment of tax liability with shares

Key Terms

restricted stock unit, dividend reinvestment, tax withholding, Rule 10b5-1

4 terms

restricted stock unit financial

"Tax withholding upon vesting of restricted stock unit award granted on August 9, 2023"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

dividend reinvestment financial

"Includes 3,087 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.

tax withholding financial

"Tax withholding upon vesting of restricted stock unit award granted on August 9, 2023"

Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.

Rule 10b5-1 regulatory

"The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/11/2026 - 04:23 PM Accepted by SEC EDGAR 08/11/2026 - 04:22 PM Learn about SEC filing dates

FAQ

What did LNC EVP & CFO Christopher Neczypor report in this Form 4?

Christopher M. Neczypor reported a tax-withholding disposition of 2,464 shares of LINCOLN NATIONAL CORP common stock on August 9, 2026, tied to the vesting of a restricted stock unit award granted on August 9, 2023.

Was the LNC Form 4 transaction by Christopher Neczypor an open-market sale?

No. The Form 4 shows shares were withheld for tax liabilities upon RSU vesting, coded as transaction type F, rather than an open-market sale, at a reported value of $46.03 per share for 2,464 shares.

How many LINCOLN NATIONAL CORP (LNC) shares does the CFO hold after this transaction?

After the reported transaction, Christopher M. Neczypor directly holds 194,705 shares of LINCOLN NATIONAL CORP common stock, including 3,087 shares that were acquired through dividend reinvestment since his last reported holdings.

What was the price used for the tax-withholding shares in the LNC Form 4?

The Form 4 reports that 2,464 shares of LINCOLN NATIONAL CORP common stock were used for tax withholding at a value of $46.03 per share, linked to the vesting of a restricted stock unit award granted on August 9, 2023.

Was the LNC CFO’s Form 4 transaction under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan, and the footnotes describe the activity as tax withholding upon RSU vesting, not as trading under a pre-arranged sale plan.

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^*

Neczypor Christopher M

(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 & CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/09/2026

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	08/09/2026		F		2,464(1)	D	$46.03	194,705(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 unit award granted on August 9, 2023.

2. Includes 3,087 shares acquired through dividend reinvestment since the reporting person's last report.

Remarks:

	/s/ Claire H. Hanna, Attorney-in-Fact	08/11/2026
	** 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)