Kenneth S. Solon - Aug 6, 2021 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Role
EVP & Chief Information Ofc.
Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Stock symbol
LNC
Transactions as of
Aug 6, 2021
Transactions value $
-$560,370
Form type
4
Date filed
8/10/2021, 04:26 PM
Previous filing
May 11, 2021
Next filing
Nov 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNC Common Stock Options Exercise $55.9K +1.1K +1.97% $50.77 56.9K Aug 6, 2021 Direct F2
transaction LNC Common Stock Options Exercise $513K +8.8K +15.46% $58.26 65.7K Aug 6, 2021 Direct
transaction LNC Common Stock Options Exercise $145K +4.1K +6.23% $35.50 69.8K Aug 6, 2021 Direct
transaction LNC Common Stock Sale -$1.27M -18.9K -27.06% $67.47 50.9K Aug 6, 2021 Direct F1
holding LNC Common Stock 5.98K Aug 6, 2021 In 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) Options Exercise $0 -1.1K -19.5% $0.00 4.55K Aug 6, 2021 Common Stock 1.1K $50.77 Direct F4
transaction LNC Employee Stock Option (Right to Buy) Options Exercise $0 -8.8K -100% $0.00* 0 Aug 6, 2021 Common Stock 8.8K $58.26 Direct F5
transaction LNC Employee Stock Option (Right to Buy) Options Exercise $0 -4.1K -100% $0.00* 0 Aug 6, 2021 Common Stock 4.1K $35.50 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.39 to $67.61, inclusive. The reporting person undertakes to provide Lincoln National Corporation, any security holder of Lincoln National Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 1.
F2 Includes 165 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 8/2/2021.
F4 The option vested in three equal installments on February 24, 2015, 2016 and 2017.
F5 The option vested in three equal installments on February 25, 2016, 2017 and 2018.
F6 The option vested in three equal installments on February 24, 2017, 2018 and 2019.