Form 4: Cohen Adam M reports disposition transactions in LNC

Rhea-AI Filing Summary

Cohen Adam M reported disposition transactions in a Form 4 filing for LNC. The filing lists transactions totaling 1,260 shares at a weighted average price of $40.88 per share. Following the reported transactions, holdings were 23,928 shares.

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

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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^*

Cohen Adam M

(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)
	CAO

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		1,260(1)	D	$40.88	23,928(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 257.89 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 officer Adam M. Cohen report?

Adam M. Cohen reported a tax-withholding disposition of 1,260 Lincoln National Corp. common shares. The shares were withheld on February 15, 2026 to satisfy tax obligations tied to vesting restricted stock units, not through an open-market sale.

What does transaction code F mean in the LNC Form 4 for Adam M. Cohen?

Transaction code F indicates a tax-withholding disposition in the LNC Form 4. For Adam M. Cohen, 1,260 shares were delivered at $40.88 per share to pay tax liabilities arising from restricted stock unit vesting, instead of a discretionary market trade.

How many LNC shares does Adam M. Cohen own after the reported transaction?

After the transaction, Adam M. Cohen directly beneficially owned 23,928 Lincoln National Corp. common shares. This balance includes 257.89 shares accumulated through dividend reinvestment since his last ownership report, as disclosed in the filing footnotes.

Was the LNC insider transaction by Adam M. Cohen a market sale?

No, the transaction was not a market sale. The Form 4 describes it as tax withholding upon vesting of restricted stock units, where 1,260 shares were used to satisfy tax liabilities instead of being voluntarily sold on the open market.

What price per share was used in Adam M. Cohen’s LNC tax-withholding transaction?

The tax-withholding disposition used a price of $40.88 per Lincoln National Corp. share. At this price, 1,260 shares were delivered to cover tax obligations connected to the vesting of restricted stock units, according to the filed Form 4 details.

What additional share activity is noted for Adam M. Cohen in the LNC Form 4 footnotes?

The footnotes state that Adam M. Cohen’s holdings include 257.89 shares acquired via dividend reinvestment. These reinvested dividends increased his directly owned Lincoln National Corp. share balance between his last ownership report and the current Form 4 filing.