Form 4: Director Connelly Acquires Phantom Stock Units in Lincoln National Corp (LNC)

Director Deirdre P. Connelly acquired phantom stock units in Lincoln National Corp (LNC) as part of a deferred compensation plan.

Summary

• On March 31, 2025, Director Deirdre P. Connelly acquired 1,253.13 phantom stock units of Lincoln National Corp (LNC) at a price of $35.91 per unit.
• These units were accrued under the Deferred Compensation Plan for Non-Employee Directors, representing a quarterly payment of board retainer and fees.
• Connelly's total holdings now include 40,473.64 phantom stock units, including shares acquired through dividend reinvestment.
• The phantom stock units are payable solely in shares of the company's common stock at resignation or retirement, and the reporting person may transfer their phantom stock account into an alternative investment account at any time.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The acquisition of phantom stock units can be seen as a positive sign of alignment between the director and the company's long-term performance.

Industry Context

Directors often receive stock-based compensation as part of their overall remuneration package, aligning their interests with those of shareholders. Phantom stock units are a common form of deferred compensation.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder sentiment by aligning the director's interests with the company's performance.

Key Dates

Keywords

phantom stock units, director, LNC, Lincoln National Corp, Form 4, beneficial ownership, deferred compensation, dividend reinvestment