Lynn M. Utter - Mar 31, 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
Mar 31, 2023
Transactions value $
$68,750
Form type
4
Date filed
4/4/2023, 04:22 PM
Previous filing
Jan 4, 2023
Next filing
Jul 5, 2023

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 Award $68.8K +3.06K +10.16% $22.47 33.2K Mar 31, 2023 Common Stock 3.06K Direct F1, F2, F3
* 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.
F2 Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.
F3 Includes 388.02 shares acquired through dividend reinvestment since the reporting person's last report.