Kenneth S. Solon - 06 Aug 2021 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Role
EVP & Chief Information Ofc.
Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Issuer symbol
LNC
Transactions as of
06 Aug 2021
Net transactions value
-$560,370
Form type
4
Filing time
10 Aug 2021, 16:26:40 UTC
Previous filing
11 May 2021
Next filing
19 Nov 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 Options Exercise $55,949 +1,102 +2% $50.77 56,921 06 Aug 2021 Direct F2
transaction LNC Common Stock Options Exercise $512,746 +8,801 +15% $58.26 65,722 06 Aug 2021 Direct
transaction LNC Common Stock Options Exercise $145,444 +4,097 +6.2% $35.50 69,819 06 Aug 2021 Direct
transaction LNC Common Stock Sale $1,274,508 -18,890 -27% $67.47 50,929 06 Aug 2021 Direct F1
holding LNC Common Stock 5,977 06 Aug 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 -1,102 -20% $0.000000 4,549 06 Aug 2021 Common Stock 1,102 $50.77 Direct F4
transaction LNC Employee Stock Option (Right to Buy) Options Exercise $0 -8,801 -100% $0.000000* 0 06 Aug 2021 Common Stock 8,801 $58.26 Direct F5
transaction LNC Employee Stock Option (Right to Buy) Options Exercise $0 -4,097 -100% $0.000000* 0 06 Aug 2021 Common Stock 4,097 $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.