Brian Kroll - 28 May 2025 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Issuer symbol
LNC
Transactions as of
28 May 2025
Net transactions value
+$152,576
Form type
4
Filing time
30 May 2025, 16:20:59 UTC
Previous filing
21 Feb 2025
Next filing
19 Aug 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Kroll Brian EVP, Head of Life & Annuities 150 N. RADNOR CHESTER ROAD, RADNOR /s/ Claire H. Hanna, Attorney-in-Fact 30 May 2025 0002023781

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNC Common Stock Sale $333,482 -10,075 -17% $33.10 48,743 29 May 2025 Direct F1

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 Units Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $486,058 +14,778 +99% $32.89 29,720 28 May 2025 Common Stock 14,778 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 1.00 share in the aggregate, and includes 676.57 shares acquired through dividend reinvestment since the reporting person's last report.
F2 Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock. Represents stock units held in the LNC Deferred Compensation and Supplemental/Excess Retirement Plan (the "DC SERP"). The reporting person may transfer his investment in the Phantom Stock account into an alternative investment option in the DC SERP at any time.
F3 Includes 780.13 stock units acquired through the DC SERP's dividend reinvestment feature since the reporting person's last report.