Sean Woodroffe - Nov 7, 2024 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Stock symbol
LNC
Transactions as of
Nov 7, 2024
Transactions value $
-$235,025
Form type
4
Date filed
11/8/2024, 04:15 PM
Previous filing
May 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNC Common Stock Options Exercise $342K +16.2K +7.94% $21.13 220K Nov 7, 2024 Direct F1
transaction LNC Common Stock Sale -$577K -16.2K -7.36% $35.67 204K Nov 7, 2024 Direct F2

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 Employee Stock Option (right to buy) Options Exercise $0 -16.2K -33.33% $0.00 32.3K Nov 7, 2024 Common Stock 16.2K $21.13 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 5,321.39 shares acquired through dividend reinvestment since the reporting person's last report.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.64 to $35.76, inclusive. The reporting person undertakes to provide Lincoln National Corporation, any security holder of Lincoln National Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 2.
F3 The option vests in three equal installments on May 24, 2024, 2025 and 2026.