PATRICK S. PITTARD - 19 May 2021 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Role
Director
Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Issuer symbol
LNC
Transactions as of
19 May 2021
Net transactions value
-$750,000
Form type
4
Filing time
20 May 2021, 16:26:12 UTC
Next filing
02 Jul 2021
SEC
View on sec.gov

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 Phantom Stock Units Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $750,000 -10,771 -54% $69.63 9,105 19 May 2021 Common Stock 10,771 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock. Represents stock units held in the LNC Deferred Compensation Plan for Non-employee Directors that may be settled in Common Stock only. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.
F2 Includes 128.35 shares acquired through dividend reinvestment since the reporting person's last report.