Lynn M. Utter - 29 Dec 2023 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Role
Director
Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Issuer symbol
LNC
Transactions as of
29 Dec 2023
Transactions value $
$68,750
Form type
4
Filing time
03 Jan 2024, 16:20:56 UTC
Previous filing
03 Oct 2023
Next filing
02 Apr 2024
SEC
View on sec.gov

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 +2.55K +6.26% $26.97 43.3K 29 Dec 2023 Common Stock 2.55K 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 837.31 shares acquired through dividend reinvestment since the reporting person's last report.