John Christopher Kennedy - 06 Aug 2025 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Role: EVP, Chief Dist. & Brand Off
Signature: /s/ Claire H. Hanna, Attorney-in-Fact
Issuer symbol: LNC
Transactions as of: 06 Aug 2025
Net transactions value: -$16,638
Form type: 4
Filing time: 08 Aug 2025, 16:17:44 UTC
Previous filing: 15 May 2025
Next filing: 25 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Kennedy John Christopher	EVP, Chief Dist. & Brand Off	150 N. RADNOR-CHESTER ROAD, RADNOR	/s/ Claire H. Hanna, Attorney-in-Fact	08 Aug 2025	0001852313

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LNC	Common Stock	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	$179,812	+4,559	+60%	$39.44	12,158	06 Aug 2025	In 401(k)
transaction	LNC	Common Stock	Sale	$196,450	-5,000	-3.9%	$39.29	123,815	07 Aug 2025	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.29 to $39.31, 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 1.
F2	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 62.25 shares in the aggregate, and includes 3,064.86 shares acquired through dividend reinvestment since the reporting person's last report.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.29 to $39.31, 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 1.

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 62.25 shares in the aggregate, and includes 3,064.86 shares acquired through dividend reinvestment since the reporting person's last report.