LINCOLN NATIONAL CORP (LNC) · Insider Trading (Form 4) SEC Filing

Statement of Changes in Beneficial Ownership

descriptionView SEC Filing

ACC: 0001214659-26-008108open_in_new

Total Value$45.0K

Trades1

Insiders1

Transaction Details

KELLY GARY C

Director·Direct

Grant · Acquire

Phantom Stock UnitDerivative

Shares+1.27K

Price$35.35

Total Value$45.0K

Shares Owned After113.37K

Transaction DateJun 30, 2026

Footnotes ▸

Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock. | Quarterly payment of board retainer and fees in shares of phantom stock accrued under the LNC Deferred Compensation Plan for Non-employee Directors (the "Directors' DCP") in the LNC Stock Fund investment account, which are payable solely in shares of LNC Common Stock at resignation or retirement. The reporting person may transfer his/her phantom stock unit holdings into an alternative investment account in the Directors' DCP at any time. | Quarterly payment of board retainer and fees in shares of phantom stock accrued under the LNC Deferred Compensation Plan for Non-employee Directors (the "Directors' DCP") in the LNC Stock Fund investment account, which are payable solely in shares of LNC Common Stock at resignation or retirement. The reporting person may transfer his/her phantom stock unit holdings into an alternative investment account in the Directors' DCP at any time. | Includes 1,328.18 shares acquired through dividend reinvestment since the reporting person's last report.

Post-Transaction Holdings

KELLY GARY C

Security	Shares	Change
Phantom Stock Unit	113.37K	+1.27K (1.14%)

Original SEC Filing Textexpand_more

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-06-30 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: LINCOLN NATIONAL CORP (LNC) CIK: 0000059558 --- Reporting Owner --- Name: KELLY GARY C CIK: 0001027716 Role: Director --- Derivative Transactions --- [Transaction #1] Security: Phantom Stock Unit Date: 2026-06-30 | Code: A (Grant or award) Shares: +1,272.98 | Price: $35.35 Shares Owned After: 113,371.04 | Ownership: D (Direct) Footnotes: [F1] Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock. [F2] Quarterly payment of board retainer and fees in shares of phantom stock accrued under the LNC Deferred Compensation Plan for Non-employee Directors (the "Directors' DCP") in the LNC Stock Fund investment account, which are payable solely in shares of LNC Common Stock at resignation or retirement. The reporting person may transfer his/her phantom stock unit holdings into an alternative investment account in the Directors' DCP at any time. [F2] Quarterly payment of board retainer and fees in shares of phantom stock accrued under the LNC Deferred Compensation Plan for Non-employee Directors (the "Directors' DCP") in the LNC Stock Fund investment account, which are payable solely in shares of LNC Common Stock at resignation or retirement. The reporting person may transfer his/her phantom stock unit holdings into an alternative investment account in the Directors' DCP at any time. [F3] Includes 1,328.18 shares acquired through dividend reinvestment since the reporting person's last report. --- Footnotes (Complete Index) --- F1: Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock. F2: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the LNC Deferred Compensation Plan for Non-employee Directors (the "Directors' DCP") in the LNC Stock Fund investment account, which are payable solely in shares of LNC Common Stock at resignation or retirement. The reporting person may transfer his/her phantom stock unit holdings into an alternative investment account in the Directors' DCP at any time. F3: Includes 1,328.18 shares acquired through dividend reinvestment since the reporting person's last report. --- Signature --- /s/ /s/ Claire H. Hanna, Attorney-in-Fact (2026-07-02)