Form 4: Director Eric G. Johnson Acquires Phantom Stock Units in Lincoln National Corp (LNC)

Director Eric G. Johnson acquired phantom stock units in Lincoln National Corp (LNC) as part of a deferred compensation plan.

Summary

• On March 31, 2025, Director Eric G. Johnson 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 and are payable in shares of the company's common stock upon resignation or retirement.
• Johnson's total holdings following the transaction amount to 87,361.96 shares, including 1,127.74 shares acquired through dividend reinvestment since the last report.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests.

Positives

• The acquisition of phantom stock units reflects continued alignment of director's interests with the company's long-term performance.

Future Outlook

The phantom stock units will be payable in shares of LNC common stock upon the director's resignation or retirement.

Industry Context

This transaction is a routine disclosure related to director compensation and aligns with standard practices for publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it relates to director compensation.

Key Dates

Keywords

Lincoln National Corp, LNC, Director, Eric G. Johnson, Phantom Stock Units, Deferred Compensation Plan, Beneficial Ownership, Dividend Reinvestment