Sean Woodroffe - May 24, 2023 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Role
EVP, Ch Ppl Culture Comms Offf
Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Stock symbol
LNC
Transactions as of
May 24, 2023
Transactions value $
$0
Form type
4
Date filed
5/26/2023, 12:01 PM
Previous filing
May 4, 2023
Next filing
Feb 23, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNC Common Stock Award $0 +22.7K $0.00 22.7K May 24, 2023 Direct F1
transaction LNC Common Stock Award $0 +224K +983.94% $0.00 246K May 24, 2023 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) Award $0 +48.5K $0.00 48.5K May 24, 2023 Common Stock 48.5K $21.13 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of restricted stock units representing a contingent right to receive shares of LNC common stock. The restricted stock units vest on May 24, 2026.
F2 Grant of restricted stock units representing a contingent right to receive shares of LNC common stock. The restricted stock units vest as follows: 40% on May 24, 2024, 30% on May 24, 2025, and the remaining 30% on May 24, 2026.
F3 The option vests in three equal installments on May 24, 2024, 2025 and 2026.