John Christopher Kennedy - Nov 11, 2021 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Role
EVP, President LFD
Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Stock symbol
LNC
Transactions as of
Nov 11, 2021
Transactions value $
-$209,609
Form type
4
Date filed
11/12/2021, 03:16 PM
Previous filing
Jun 17, 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 $115K +3.24K +25.43% $35.50 16K Nov 11, 2021 Direct F1
transaction LNC Common Stock Options Exercise $314K +4.99K +31.27% $63.01 20.9K Nov 11, 2021 Direct
transaction LNC Common Stock Options Exercise $164K +2.7K +12.87% $60.86 23.6K Nov 11, 2021 Direct
transaction LNC Common Stock Sale -$803K -10.9K -46.19% $73.52 12.7K Nov 11, 2021 Direct F2
holding LNC Common Stock 6.09K Nov 11, 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 -3.24K -100% $0.00* 0 Nov 11, 2021 Common Stock 3.24K $35.50 Direct F4
transaction LNC Employee Stock Option (Right to Buy) Options Exercise $0 -4.99K -66.67% $0.00 2.5K Nov 11, 2021 Common Stock 4.99K $63.01 Direct F5
transaction LNC Employee Stock Option (Right to Buy) Options Exercise $0 -2.7K -33.34% $0.00 5.39K Nov 11, 2021 Common Stock 2.7K $60.86 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 161.53 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 $73.50 to $73.52, 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 24, 2017, 2018 and 2019.
F5 The option vests in three equal installments on February 27, 2020, 2021 and 2022.
F6 The option vests in three equal installments on February 19, 2021, 2022 and 2023.