William H. Dr Cunningham - Dec 29, 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
Dec 29, 2023
Transactions value $
$56,250
Form type
4
Date filed
1/3/2024, 04:19 PM
Previous filing
Oct 3, 2023
Next filing
Apr 2, 2024

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 $56.2K +2.09K +1.34% $26.97 158K Dec 29, 2023 Common Stock 2.09K 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 Reflects a correction to the number of shares reported as acquired through dividend reinvestment in certain prior periods, which due to an administrative error had been overstated by 2,135.20 shares in the aggregate, and includes 3,201.54 shares acquired through dividend reinvestment since the reporting person's last report.