Gary C. Kelly - Feb 16, 2023 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Role
Director
Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Stock symbol
LNC
Transactions as of
Feb 16, 2023
Transactions value $
$200,003
Form type
4
Date filed
2/17/2023, 03:18 PM
Previous filing
Feb 3, 2023
Next filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNC Depositary Shares representing Series D Preferred Stock Purchase $200K +7.17K $27.90 7.17K Feb 16, 2023 Direct F1, F2
holding LNC Common Stock 3K Feb 16, 2023 By Family Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Depositary Share represents a 1/1,000th interest in a share of Lincoln National Corporation's 9.000% Non-Cumulative Preferred Stock, Series D ("Series D Preferred Stock").
F2 The price reported in Column 4 is a weighted average price. These Depositary Shares representing Series D Preferred Stock were purchased in multiple transactions at prices ranging from $27.87 to $27.90, 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 Depositary Shares representing Series D Preferred Stock purchased at each separate price within the range set forth in footnote 2 to this Form 4.
F3 These shares are held in trust for the benefit of the reporting person's descendants. The reporting person's spouse is trustee of the trust.