Ellen Cooper - Nov 26, 2025 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Role
Chairman, President & CEO, Director
Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Stock symbol
LNC
Transactions as of
Nov 26, 2025
Transactions value $
-$96,640
Form type
4
Date filed
12/1/2025, 04:16 PM
Previous filing
Nov 25, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Cooper Ellen Chairman, President & CEO, Director 150 N. RADNOR CHESTER ROAD, RADNOR /s/ Claire H. Hanna, Attorney-in-Fact 2025-12-01 0001555614

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNC Common Stock Options Exercise $1.38M +38.9K +7.14% $35.50 584K Nov 26, 2025 Direct
transaction LNC Common Stock Tax liability -$1.48M -35.7K -6.12% $41.35 548K Nov 26, 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 Employee Stock Option (Right to Buy) Options Exercise $0 -38.9K -100% $0.00 0 Nov 26, 2025 Common Stock 38.9K $35.50 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld in connection with net share settlement to satisfy the exercise price and tax liability associated with the reporting person's exercise of employee stock options. No shares were sold by the reporting person to satisfy the exercise price or tax liability.
F2 The option vested in three equal installments on February 24, 2017, 2018 and 2019.