Jennifer Warne Krow - Jun 22, 2021 Form 3 Insider Report for LINCOLN NATIONAL CORP (LNC)

Role: EVP, Chief People Officer
Signature: /s/ Claire H. Hanna, Attorney-in-Fact
Stock symbol: LNC
Transactions as of: Jun 22, 2021
Transactions value $: $0
Form type: 3
Date filed: 6/30/2021, 11:08 AM
Next filing: Aug 19, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	LNC	Common Stock						11.7K	Jun 22, 2021	Direct

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
holding	LNC	Employee Stock Option (Right to Buy)							Jun 22, 2021	Common Stock	3.5K	$71.70	Direct	F1
holding	LNC	Employee Stock Option (Right to Buy)							Jun 22, 2021	Common Stock	3.71K	$78.32	Direct	F2
holding	LNC	Employee Stock Option (Right to Buy)							Jun 22, 2021	Common Stock	6.74K	$63.01	Direct	F3
holding	LNC	Employee Stock Option (Right to Buy)							Jun 22, 2021	Common Stock	7.28K	$60.86	Direct	F4
holding	LNC	Employee Stock Option (Right to Buy)							Jun 22, 2021	Common Stock	5.8K	$54.52	Direct	F5
holding	LNC	Phantom Stock Units							Jun 22, 2021	Common Stock	2.1K		Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The option vested in three equal installments on February 22, 2018, 2019 and 2020.
F2	The option vested in three equal installments on February 21, 2019, 2020 and 2021.
F3	The option vests in three equal installments on February 27, 2020, 2021 and 2022.
F4	The option vests in three equal installments on February 19, 2021, 2022 and 2023.
F5	The option vests in three equal installments on February 17, 2022, 2023 and 2024.
F6	Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock. Represents stock units held in the LNC DC SERP. The reporting person may transfer her Phantom Stock account into an alternative investment account at any time.