John Christopher Kennedy - 07 May 2021 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Role
EVP, President LFD
Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Issuer symbol
LNC
Transactions as of
07 May 2021
Net transactions value
$0
Form type
4
Filing time
11 May 2021, 16:45:31 UTC
Next filing
17 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNC Common Stock Award $0 +2,816 +41% $0.000000 9,673 07 May 2021 Direct F1, F2
transaction LNC Common Stock Award $0 +4,330 +45% $0.000000 14,003 07 May 2021 Direct F1
holding LNC Common Stock 6,046 07 May 2021 By 401(k) F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LNC Employee Stock Option (right to buy) Award $0 +9,044 $0.000000 9,044 07 May 2021 Common Stock 9,044 $69.30 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of restricted stock units representing a contingent right to receive shares of LNC common stock. The restricted stock units vest on May 7, 2024.
F2 Includes 34.98 shares acquired through dividend reinvestment since the reporting person's last report.
F3 Represents the number of shares of common stock beneficially owned through the Company's 401(k) Plan as of 5/3/2021.
F4 The option vests in three equal installments on May 7, 2022, 2023 and 2024.