LINCOLN NATIONAL CORP (LNC) SEC Filings, Jul-Aug 2026

Lincoln National Corporation (LNC) filed a notice of proposed sale of 398,259 preferred shares to be sold through Fidelity Brokerage Services LLC on or after 08/12/2026 on the NYSE, identified with code 191447336. The filing also lists earlier issuances of preferred shares to the issuer as compensation for services rendered, including 7,168 preferred shares on 02/16/2023 and 7,838 preferred shares on 05/11/2023.

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.

Lincoln National Corporation has launched two concurrent issuer tender offers to purchase for cash up to $500,000,000 aggregate Liquidation Preference of its outstanding depositary shares representing fractional interests in its preferred stock. The offers cover Series C and Series D depositary shares, each with $500,000,000 aggregate Liquidation Preference outstanding. The offers expire at 5:00 p.m., New York City time, on September 8, 2026, unless extended or earlier terminated. The company states there are no financing conditions and no borrowed funds for these offers.

Lincoln National Corporation reported a planned finance leadership change. Executive Vice President and CFO Chris Neczypor informed the company on August 6, 2026, that he will leave to pursue another opportunity outside the industry; the company stated his decision is not related to financial or operating results or to any disagreements over financial or reporting matters. He will remain through the end of August to support the transition.

Adam M. Cohen, currently Senior Vice President, Chief Accounting Officer and Treasurer, has been appointed Interim Chief Financial Officer, effective immediately, while a comprehensive internal and external search is conducted. Cohen will receive an annual base salary of $550,000, a target annual incentive opportunity equal to 300% of base salary (pro-rated for 2026), a $1.6 million target award under the long-term incentive program (pro-rated for 2026), and a $1 million retention grant, all subject to Compensation Committee approval and tied to pre-established performance goals. As of June 30, 2026, Lincoln reported $366 billion in end-of-period account balances and serves about 17 million customers.

Lincoln National Corp, an institutional investment manager, filed a Form 13F Holdings Report covering its reportable investment positions. The report lists 20 separate holdings with an aggregate reported value of $3,907,391,966 as of the reporting period.

The filing also identifies one other included manager, Lincoln Financial Investments Corp, for which Lincoln National Corp reports holdings on this form.

Lincoln National Corporation reported stronger results for the six months ended June 30, 2026. Total revenues were $9,848M, up from $8,735M a year earlier. Net income was $1,160M versus a net loss of $(23)M, with net income available to common stockholders of $1,114M and diluted EPS of $5.65.

Results included significant impacts from derivative and market movements: market risk benefit (gain) loss totaled $(473)M year-to-date, and realized gains were $60M versus a $(631)M loss. Total assets reached $429,797M, stockholders’ equity was $11,349M, and policyholder account balances were $139,510M. Separate account assets increased to $188,252M. Net cash from operating activities moved to an outflow of $(420)M from an inflow of $741M, while cash and invested cash rose to $10,165M. Gross unrealized losses on fixed maturity available-for-sale securities increased by $333M, with total gross unrealized losses of $9,332M, though management indicated it expects to recover amortized cost on these holdings.

Lincoln National Corporation reported second quarter 2026 results with net income available to common stockholders of $1.3 billion, or $6.72 per diluted share, up from $688 million and $3.80 a year earlier. Adjusted operating income available to common stockholders was $439 million, or $2.24 per diluted share, compared with $427 million and $2.36, as the gap between GAAP and adjusted results mainly reflected the non-economic impact of changes in market risk benefits. Total revenues were $4,542 million, a 12.3% increase year over year.

Segment results were mixed. Annuities generated $287 million of operating income, in line with the prior year, with record-high ending account balances of $182 billion but lower sales of $3.5 billion and net outflows of about $2.9 billion. Life Insurance operating income rose to $57 million from $32 million, with sales up 79% to $216 million. Group Protection operating income declined to $147 million and operating margin to 10.4%, influenced partly by experience refund timing and a higher disability loss ratio, while Retirement Plan Services operating income increased to $49 million on higher spread income despite $2.4 billion of net outflows.

Capital and liquidity metrics improved. Holding company available liquidity was $1,803 million, or $903 million net of prefunding, and the company completed a $500 million subordinated debt issuance to support potential repurchase or redemption of preferred stock. The estimated RBC ratio remained above 420%. Book value per share including AOCI rose to $53.68, with adjusted book value per share at $79.45. Net unrealized loss on available-for-sale securities was $8.5 billion pre-tax, versus $9.1 billion a year earlier.

Lincoln National Corp director Ryan Owen received a grant of 1,272.98 Phantom Stock Units, each equivalent to one share of LNC common stock, based on a reference price of $35.35 per unit. This represents his quarterly board retainer and fees credited under the company’s Deferred Compensation Plan for non-employee directors.

These phantom units are payable solely in shares of LNC common stock upon resignation or retirement, though he may transfer them into an alternative investment option within the plan at any time. Following this award and dividend reinvestment activity, Owen now holds a total of 24,673.17 phantom stock units, including 277.26 units acquired through dividend reinvestment since his last report. This is a routine compensation-related acquisition, not an open-market stock purchase or sale.

Morris James T reported acquisition or exercise transactions in this Form 4 filing.

Lincoln National Corp director James T. Morris received a grant of phantom stock units as part of his quarterly board compensation. He was awarded 1,272.98 phantom stock units at a reference price of $35.35 per unit, bringing his holdings to 6,533.01 phantom stock units.

Each phantom stock unit is economically equivalent to one share of Lincoln National common stock and is credited under the company’s Deferred Compensation Plan for non-employee directors. These units are payable solely in Lincoln National common shares upon resignation or retirement and can be reallocated by the director into an alternative investment account. The total also reflects 62.33 units accumulated through dividend reinvestment since his prior report.