John Christopher Kennedy - 16 Feb 2022 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Role
EVP, President LFD
Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Issuer symbol
LNC
Transactions as of
16 Feb 2022
Net transactions value
-$56,309
Form type
4
Filing time
18 Feb 2022, 15:29:48 UTC
Previous filing
19 Nov 2021
Next filing
28 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNC Common Stock Award $0 +2,608 +20% $0.000000 15,359 16 Feb 2022 Direct F1, F2
transaction LNC Common Stock Tax liability $56,309 -766 -5% $73.51 14,593 16 Feb 2022 Direct F3
transaction LNC Common Stock Award $0 +4,204 +29% $0.000000 18,797 16 Feb 2022 Direct F4
holding LNC Common Stock 6,137 16 Feb 2022 By 401(k) F5

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) Award $0 +8,639 $0.000000 8,639 16 Feb 2022 Common Stock 8,639 $73.51 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents settlement of performance share incentive awards for the 2019 - 2021 performance cycle.
F2 Includes 82.82 shares acquired through dividend reinvestment since the reporting person's last report.
F3 Tax withholding upon vesting of performance shares.
F4 Grant of restricted stock units representing a contingent right to receive shares of LNC common stock. The restricted stock units vest on February 16, 2025.
F5 Represents the number of shares of common stock beneficially owned through the Company's 401(k) Plan as of 2/1/2022.
F6 The option vests in three equal installments on February 16, 2023, 2024 and 2025.