STOCK TITAN

[Form 4] LINCOLN NATIONAL CORP Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Deirdre P. Connelly, a director of Lincoln National Corporation (LNC), reported a non-cash compensation transaction dated 09/30/2025. Under the company's Deferred Compensation Plan for Non-Employee Directors, she was granted 1,115.79 phantom stock units, each equivalent to one share of common stock, payable solely in shares at resignation or retirement. The filing shows a transaction price of $40.33 and reports 43,976.51 shares beneficially owned after the transaction; that total includes 516.81 shares acquired through dividend reinvestment since the last report. The phantom units are accrued as quarterly board retainer/fees and may be transferred into an alternative investment account. The form was signed on behalf of the reporting person on 10/02/2025.

Deirdre P. Connelly, una direttrice di Lincoln National Corporation (LNC), ha segnalato una transazione di compenso non monetario datata 09/30/2025. Ai sensi del piano di compensazione differita per i direttori non dipendenti della società, le sono state attribuite 1,115.79 unità di azioni fantasma, ciascuna equivalente a una azione ordinaria, pagabili esclusivamente in azioni al momento delle dimissioni o del pensionamento. La dichiarazione mostra un prezzo di transazione di $40.33 e riporta 43,976.51 azioni possedute beneficiariamente dopo la transazione; quel totale include 516.81 azioni acquisite tramite reinvestimento dei dividendi dall'ultimo rapporto. Le unità fantasma si accumulano come trattenute/fee trimestrali del consiglio e possono essere trasferite a un conto di investimento alternativo. Il modulo è stato firmato per conto della persona che segnala in data 02/10/2025.

Deirdre P. Connelly, una directora de Lincoln National Corporation (LNC), informó una transacción de compensación no en efectivo fechada el 09/30/2025. Bajo el plan de compensación diferida para directores no empleados de la empresa, se le otorgaron 1,115.79 unidades de acciones fantasma, cada una equivalente a una acción común, pagaderas exclusivamente en acciones al momento de la renuncia o la jubilación. El registro muestra un precio de transacción de $40.33 y reporta 43,976.51 acciones beneficiosamente poseídas después de la transacción; ese total incluye 516.81 acciones adquiridas mediante reinversión de dividendos desde el último informe. Las unidades fantasma se acumulan como honorarios/retención trimestrales de la junta y pueden transferirse a una cuenta de inversión alternativa. El formulario fue firmado en nombre de la persona informante en 02/10/2025.

Deirdre P. Connelly는 링컨 내셔널 코퍼레이션(LNC)의 이사로, 날짜가 적힌 비현금 보상 거래를 보고했습니다. 2025년 9월 30일에 해당합니다. 회사의 비직원 이사들을 위한 연간 보상계획에 따라 그녀는 1,115.79개의 팬텀 주식 단위를 부여받았으며, 각 단위는 보통주 1주에 해당하고 은퇴 또는 사임 시에만 주식으로 지급됩니다. 신고서는 거래 가격을 $40.33로 표시하고, 거래 후 실질적으로 보유하는 주식 수를 43,976.51주로 보고합니다; 이 합계에는 지난 보고서 이후 배당 재투자를 통해 취득한 516.81주가 포함됩니다. 팬텀 단위는 분기별 이사회 수수료로 누적되며, 대체 투자 계좌로 이전될 수 있습니다. 이 양식은 2025년 10월 2일에 보고자 대리인으로 서명되었습니다.

Deirdre P. Connelly, une administratrice de Lincoln National Corporation (LNC), a déclaré une transaction de compensation hors trésorerie datée du 30/09/2025. Dans le cadre du plan de compensation différée pour les administrateurs non salariés de l’entreprise, elle a reçu 1 115,79 unités d’actions fantômes, chacune équivalant à une action ordinaire, payables uniquement en actions au moment de la démission ou de la retraite. Le dossier indique un prix de transaction de $40,33 et rapporte 43 976,51 actions détenues bénéficiairement après la transaction ; ce total inclut 516,81 actions acquises par réinvestissement des dividendes depuis le dernier rapport. Les unités fantômes s’accumulent en tant que rémunération du conseil trimestrielle/ frais et peuvent être transférées vers un compte d’investissement alternatif. Le formulaire a été signé au nom de la personne qui déclare le 02/10/2025.

Deirdre P. Connelly, eine Direktorin der Lincoln National Corporation (LNC), meldete eine Transaktion der nichtbarer Vergütung datiert auf den 30.09.2025. Im Rahmen des Plans zur differenzierten Vergütung für nicht-angestellte Directors der Gesellschaft wurde ihr 1.115,79 Phantomaktien-Einheiten gewährt, von denen jede einer Stammaktie entspricht und ausschließlich in Aktien bei Rücktritt oder Pensionierung ausgezahlt wird. Die Einreichung zeigt einen Transaktionspreis von $40.33 und meldet 43.976,51 Aktien, die nach der Transaktion vorteilhaft gehalten werden; diese Summe enthält 516,81 Aktien, die seit dem letzten Bericht durch Dividendene reinvestitionen erworben wurden. Die Phantomeinheiten werden als vierteljährliche Vorstandsvergütungen/ Gebühren akkumuliert und können auf ein alternatives Anlagekonto übertragen werden. Das Formular wurde am 02.10.2025 im Namen der meldenden Person unterschrieben.

Deirdre P. Connelly، مديرة في Lincoln National Corporation (LNC)، أعلنت عن معاملة تعويض غير نقدي بتاريخ 30/09/2025. وفقاً لخطة التعويض المؤجل لمديري الشركة غير الموظفين، تم منحها 1,115.79 وحدة أسهم خيالية، كل منها تعادل سهماً عاديّاً، قابلة للدفع حصراً في الأسهم عند الاستقالة أو التقاعد. يظهر الملف سعر الصفقة بـ $40.33 ويذكر 43,976.51 سهماً مملوكاً مستفيداً بعد المعاملة؛ ويشمل الإجمالي 516.81 سهماً مكتسباً من خلال إعادة استثمار الأرباح منذ آخر تقرير. تتراكم الوحدات الخيالية كأتعاب/راتب مجلس الإدارة ربع السنوي وقد يتم نقلها إلى حساب استثمار بديل. تم توقيع النموذج نيابة عن الشخص المبلغ في 02/10/2025.

Deirdre P. Connelly,是一家 Lincoln National Corporation(LNC)的 董事,报告了一笔非现金补偿交易,日期为 2025/09/30。根据公司为非员工董事设立的递延补偿计划,她被授予了 1,115.79 单位幻影股票,每单位等同于一股普通股,仅在辞职或退休时以股票的形式支付。该 filing 显示交易价格为 $40.33,报告交易后实际拥有的受益性股数为 43,976.51 股;该总数包括自上次报告以来通过股息再投资取得的 516.81 股。幻影单位按季度董事会固定薪酬/费用累积,并可转入一个替代投资账户。该表格于 2025/10/02 代表报告人签署。

Positive
  • 1,115.79 phantom stock units granted to a director on 09/30/2025
  • Phantom units are equivalent to one share each and payable in common stock at resignation or retirement
  • Reported beneficial ownership increased to 43,976.51 shares, including 516.81 from dividend reinvestment
Negative
  • None.

Insights

Director received non-cash compensation of 1,115.79 phantom units on 09/30/2025.

The transaction reflects routine director compensation under the Deferred Compensation Plan for Non-Employee Directors, converted into phantom stock units that vest/pay out in shares at resignation or retirement. Reporting lists a post-transaction beneficial ownership of 43,976.51 shares, including 516.81 shares from dividend reinvestment.

This filing is governance-transparent: it documents director pay in equity-linked units rather than cash, aligning compensation with shareholder outcomes without immediate share issuance.

Payment structure: quarterly board retainer converted to phantom units, transferable to alternative investments.

The phantom units are recorded as 1,115.79 units added and are equivalent to common shares for payout purposes. The filing shows the units associated with a $40.33 price reference and confirms the reporting person may move the phantom account to an alternative investment at any time.

This is a standard non-cash deferral mechanism for non-employee directors; it increases reported beneficial ownership but does not indicate immediate share issuance.

Deirdre P. Connelly, una direttrice di Lincoln National Corporation (LNC), ha segnalato una transazione di compenso non monetario datata 09/30/2025. Ai sensi del piano di compensazione differita per i direttori non dipendenti della società, le sono state attribuite 1,115.79 unità di azioni fantasma, ciascuna equivalente a una azione ordinaria, pagabili esclusivamente in azioni al momento delle dimissioni o del pensionamento. La dichiarazione mostra un prezzo di transazione di $40.33 e riporta 43,976.51 azioni possedute beneficiariamente dopo la transazione; quel totale include 516.81 azioni acquisite tramite reinvestimento dei dividendi dall'ultimo rapporto. Le unità fantasma si accumulano come trattenute/fee trimestrali del consiglio e possono essere trasferite a un conto di investimento alternativo. Il modulo è stato firmato per conto della persona che segnala in data 02/10/2025.

Deirdre P. Connelly, una directora de Lincoln National Corporation (LNC), informó una transacción de compensación no en efectivo fechada el 09/30/2025. Bajo el plan de compensación diferida para directores no empleados de la empresa, se le otorgaron 1,115.79 unidades de acciones fantasma, cada una equivalente a una acción común, pagaderas exclusivamente en acciones al momento de la renuncia o la jubilación. El registro muestra un precio de transacción de $40.33 y reporta 43,976.51 acciones beneficiosamente poseídas después de la transacción; ese total incluye 516.81 acciones adquiridas mediante reinversión de dividendos desde el último informe. Las unidades fantasma se acumulan como honorarios/retención trimestrales de la junta y pueden transferirse a una cuenta de inversión alternativa. El formulario fue firmado en nombre de la persona informante en 02/10/2025.

Deirdre P. Connelly는 링컨 내셔널 코퍼레이션(LNC)의 이사로, 날짜가 적힌 비현금 보상 거래를 보고했습니다. 2025년 9월 30일에 해당합니다. 회사의 비직원 이사들을 위한 연간 보상계획에 따라 그녀는 1,115.79개의 팬텀 주식 단위를 부여받았으며, 각 단위는 보통주 1주에 해당하고 은퇴 또는 사임 시에만 주식으로 지급됩니다. 신고서는 거래 가격을 $40.33로 표시하고, 거래 후 실질적으로 보유하는 주식 수를 43,976.51주로 보고합니다; 이 합계에는 지난 보고서 이후 배당 재투자를 통해 취득한 516.81주가 포함됩니다. 팬텀 단위는 분기별 이사회 수수료로 누적되며, 대체 투자 계좌로 이전될 수 있습니다. 이 양식은 2025년 10월 2일에 보고자 대리인으로 서명되었습니다.

Deirdre P. Connelly, une administratrice de Lincoln National Corporation (LNC), a déclaré une transaction de compensation hors trésorerie datée du 30/09/2025. Dans le cadre du plan de compensation différée pour les administrateurs non salariés de l’entreprise, elle a reçu 1 115,79 unités d’actions fantômes, chacune équivalant à une action ordinaire, payables uniquement en actions au moment de la démission ou de la retraite. Le dossier indique un prix de transaction de $40,33 et rapporte 43 976,51 actions détenues bénéficiairement après la transaction ; ce total inclut 516,81 actions acquises par réinvestissement des dividendes depuis le dernier rapport. Les unités fantômes s’accumulent en tant que rémunération du conseil trimestrielle/ frais et peuvent être transférées vers un compte d’investissement alternatif. Le formulaire a été signé au nom de la personne qui déclare le 02/10/2025.

Deirdre P. Connelly, eine Direktorin der Lincoln National Corporation (LNC), meldete eine Transaktion der nichtbarer Vergütung datiert auf den 30.09.2025. Im Rahmen des Plans zur differenzierten Vergütung für nicht-angestellte Directors der Gesellschaft wurde ihr 1.115,79 Phantomaktien-Einheiten gewährt, von denen jede einer Stammaktie entspricht und ausschließlich in Aktien bei Rücktritt oder Pensionierung ausgezahlt wird. Die Einreichung zeigt einen Transaktionspreis von $40.33 und meldet 43.976,51 Aktien, die nach der Transaktion vorteilhaft gehalten werden; diese Summe enthält 516,81 Aktien, die seit dem letzten Bericht durch Dividendene reinvestitionen erworben wurden. Die Phantomeinheiten werden als vierteljährliche Vorstandsvergütungen/ Gebühren akkumuliert und können auf ein alternatives Anlagekonto übertragen werden. Das Formular wurde am 02.10.2025 im Namen der meldenden Person unterschrieben.

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).
1. Name and Address of Reporting Person*
Connelly Deirdre P

(Last) (First) (Middle)
150 N RADNOR CHESTER RD

(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
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025
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
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
Phantom Stock Unit (1) 09/30/2025 A 1,115.79 (2) (2) Common Stock 1,115.79 $40.33 43,976.51(3) D
Explanation of Responses:
1. Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock.
2. Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.
3. Includes 516.81 shares acquired through dividend reinvestment since the reporting person's last report.
Remarks:
/s/ Claire H. Hanna, Attorney-in-Fact 10/02/2025
** 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 did LNC director Deirdre P. Connelly report on Form 4?

She reported receiving 1,115.79 phantom stock units on 09/30/2025, recorded as equivalent to common shares under the Director Deferred Compensation Plan.

How many shares does Connelly beneficially own after the reported transaction (LNC)?

The filing shows 43,976.51 shares beneficially owned following the reported transaction.

What is the reported transaction price on the Form 4 for LNC?

The Form 4 lists a transaction price of $40.33 associated with the phantom units.

Are the phantom stock units payable in cash or shares for LNC directors?

Per the filing, phantom stock units are payable solely in shares of the company's common stock at resignation or retirement.

When was the Form 4 signed for the LNC reporting event?

The form was signed on behalf of the reporting person on 10/02/2025.
Lincoln Natl Corp Ind

NYSE:LNC

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LNC Stock Data

7.65B
170.04M
10.16%
70.4%
2.63%
Insurance - Life
Life Insurance
Link
United States
RADNOR