Brian Kroll - 15 Aug 2025 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Issuer symbol
LNC
Transactions as of
15 Aug 2025
Net transactions value
-$19,325
Form type
4
Filing time
19 Aug 2025, 16:17:22 UTC
Previous filing
30 May 2025
Next filing
25 Nov 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 19 Aug 2025 0002023781

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNC Common Stock Options Exercise $240,690 +6,780 +14% $35.50 56,118 15 Aug 2025 Direct F1
transaction LNC Common Stock Sale $260,015 -6,362 -11% $40.87 49,756 15 Aug 2025 Direct F2, F3

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 -6,780 -100% $0.000000 0 15 Aug 2025 Common Stock 6,780 $35.50 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 594.92 shares acquired through dividend reinvestment since the reporting person's last report.
F2 The transaction was a sell-to-cover exercise, with shares sold to cover the option exercise price and taxes, and the reporting person retaining the remaining shares.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.87 to $40.88, 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.
F4 The option vested in three equal installments on February 24, 2017, 2018 and 2019.