Randal J. Freitag - Nov 8, 2021 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Role
EVP & CFO
Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Stock symbol
LNC
Transactions as of
Nov 8, 2021
Transactions value $
-$2,672,819
Form type
4
Date filed
11/9/2021, 03:17 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 $1.81M +61.4K +29.9% $29.54 267K Nov 8, 2021 Direct F1
transaction LNC Common Stock Sale -$4.49M -61.4K -23.02% $73.05 205K Nov 8, 2021 Direct F2
holding LNC Common Stock 777 Nov 8, 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 -61.4K -100% $0.00* 0 Nov 8, 2021 Common Stock 61.4K $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.