Randal J. Freitag - 08 Nov 2021 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Role
EVP & CFO
Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Issuer symbol
LNC
Transactions as of
08 Nov 2021
Net transactions value
-$2,672,819
Form type
4
Filing time
09 Nov 2021, 15:17:11 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 $1,814,642 +61,430 +30% $29.54 266,912 08 Nov 2021 Direct F1
transaction LNC Common Stock Sale $4,487,462 -61,430 -23% $73.05 205,482 08 Nov 2021 Direct F2
holding LNC Common Stock 777 08 Nov 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) Options Exercise $0 -61,430 -100% $0.000000* 0 08 Nov 2021 Common Stock 61,430 $29.54 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 482.17 stock units acquired through dividend reinvestment since the reporting person's last report.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.00 to $73.35, 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 2.
F3 Represents the number of shares of common stock beneficially owned through the Company's 401(k) Plan as of 11/1/2021.
F4 The option vested in three equal installments on February 28, 2014, 2015 and 2016.