Kenneth S. Solon - 22 Feb 2023 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Role: EVP & Chief Information Ofc.
Signature: /s/ Claire H. Hanna, Attorney-in-Fact
Issuer symbol: LNC
Transactions as of: 22 Feb 2023
Net transactions value: +$903,997
Form type: 4
Filing time: 24 Feb 2023, 15:17:39 UTC
Previous filing: 22 Feb 2023
Next filing: 20 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LNC	Common Stock	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	$98,937	-3,084	-49%	$32.08	3,242	23 Feb 2023	In 401(k)
holding	LNC	Common Stock						109,120	22 Feb 2023	Direct

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	Phantom Stock Unit	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	$1,002,934	+31,031		$32.32	31,031	22 Feb 2023	Common Stock	31,031		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock. Represents stock units held in the LNC DC SERP. The reporting person may transfer his Phantom Stock account into an alternative investment account at any time.