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

Role
EVP & Chief Information Ofc.
Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Stock symbol
LNC
Transactions as of
Feb 22, 2023
Transactions value $
$903,997
Form type
4
Date filed
2/24/2023, 03:17 PM
Previous filing
Feb 22, 2023
Next filing
Feb 20, 2024

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 -$98.9K -3.08K -48.75% $32.08 3.24K Feb 23, 2023 In 401(k)
holding LNC Common Stock 109K Feb 22, 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 $1M +31K $32.32 31K Feb 22, 2023 Common Stock 31K 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.