John Christopher Kennedy - May 14, 2025 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Role
EVP, President LFD
Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Stock symbol
LNC
Transactions as of
May 14, 2025
Transactions value $
$427,359
Form type
4
Date filed
5/15/2025, 04:19 PM
Previous filing
Mar 4, 2025
Next filing
Aug 8, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Kennedy John Christopher EVP, President LFD 150 N. RADNOR-CHESTER ROAD, RADNOR /s/ Claire H. Hanna, Attorney-in-Fact 2025-05-15 0001852313

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 $427K +12.4K +31.84% $34.49 51.3K May 14, 2025 Common Stock 12.4K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Includes 7,256.57 stock units acquired through the DC SERP's dividend reinvestment feature since the reporting person's last report.