Form 4: Reid James Waltman reports disposition transactions in LNC

Rhea-AI Filing Summary

Reid James Waltman reported disposition transactions in a Form 4 filing for LNC. The filing lists transactions totaling 7,338 shares at a weighted average price of $40.88 per share. Following the reported transactions, holdings were 121,617 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Reid James Waltman

Role EVP Workplace Solutions

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	7,338	$40.88	$300K

Holdings After Transaction: Common Stock — 121,617 shares (Direct)

Footnotes (1)

1. Tax withholding upon vesting of restricted stock units. Includes 2,337.56 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^*

Reid James Waltman

(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 Workplace Solutions

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		7,338(1)	D	$40.88	121,617(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 2,337.56 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 LNC executive Reid James Waltman report on this Form 4?

Reid James Waltman reported a tax-withholding disposition of 7,338 Lincoln National Corp common shares. The shares were withheld at $40.88 each to cover taxes due on vesting restricted stock units, rather than being sold in an open-market transaction.

How many LNC shares does Reid James Waltman own after the reported transaction?

After the transaction, Reid James Waltman beneficially owned 121,617 shares of Lincoln National Corp common stock. This directly held total includes 2,337.56 shares that were accumulated through dividend reinvestment since his prior ownership report.

What is the nature of the Form 4 share disposition reported for LNC?

The Form 4 reports a tax-withholding disposition, coded “F,” for 7,338 LNC common shares. These shares were used to satisfy tax obligations arising from the vesting of restricted stock units, as explained in the filing’s footnote disclosure.

At what price were the LNC shares used for tax withholding valued in the Form 4?

The 7,338 Lincoln National Corp shares used for tax withholding were valued at $40.88 per share. This price is listed in the non-derivative securities table and is applied to the shares withheld upon restricted stock unit vesting.

Does the LNC Form 4 indicate any derivative security transactions for Reid James Waltman?

The filing’s derivative securities table shows no listed transactions for options, warrants, or other derivatives. Only a non-derivative common stock transaction related to tax withholding upon restricted stock unit vesting is reported for Reid James Waltman.

What position does Reid James Waltman hold at Lincoln National Corp (LNC)?

Reid James Waltman is identified as an officer of Lincoln National Corp, serving as Executive Vice President, Workplace Solutions. This role is explicitly checked in the relationship section of the Form 4, with no director or 10% owner status indicated.