LINCOLN NATIONAL CORP (LNC) · Initial Holdings (Form 3) SEC Filing

=== SEC Form 3 — Statement of Changes in Beneficial Ownership === Document Type: 3 Period of Report: 2026-06-01 --- Issuer --- Name: LINCOLN NATIONAL CORP (LNC) CIK: 0000059558 --- Reporting Owner --- Name: Tedrow Darrel W. CIK: 0002135234 Role: Officer (EVP, President Life Ins & RSS) --- Holdings --- [Holding #1] Security: Common Stock Ownership: D (Direct) Footnotes: [F1] Includes 8,985 restricted stock units ("RSUs") that vest on February 21, 2027, 8,974 RSUs that vest on February 19, 2028, 6,125 RSUs that vest on February 19, 2029, and 4,923 RSUs that vest on May 28, 2029. [Holding #2] Security: Employee Stock Option (Right to Buy) Ownership: D (Direct) Footnotes: [F2] The option vested in three equal installments on February 16, 2023, 2024 and 2025. [Holding #3] Security: Employee Stock Option (Right to Buy) Ownership: D (Direct) Footnotes: [F3] The option vested in full on December 5, 2025. [Holding #4] Security: Employee Stock Option (Right to Buy) Ownership: D (Direct) Footnotes: [F4] The option vested in three equal installments on February 15, 2024, 2025 and 2026. [Holding #5] Security: Phantom Stock Units Ownership: D (Direct) Footnotes: [F5] 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. [F5] 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. [F5] 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. --- Footnotes (Complete Index) --- F1: Includes 8,985 restricted stock units ("RSUs") that vest on February 21, 2027, 8,974 RSUs that vest on February 19, 2028, 6,125 RSUs that vest on February 19, 2029, and 4,923 RSUs that vest on May 28, 2029. F2: The option vested in three equal installments on February 16, 2023, 2024 and 2025. F3: The option vested in full on December 5, 2025. F4: The option vested in three equal installments on February 15, 2024, 2025 and 2026. F5: 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. --- Signature --- /s/ /s/ Claire H. Hanna, Attorney-in-Fact (2026-06-04)