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

Director Janet Liang acquired 2,270.59 phantom stock units of Lincoln National Corp (LNC) on March 31, 2024, as part of a quarterly payment of board retainer and fees.

Summary

• On March 31, 2024, Janet Liang, a director of Lincoln National Corp (LNC), acquired 2,270.59 phantom stock units.
• This acquisition was part of a quarterly payment of board retainer and fees, accrued under the Deferred Compensation Plan for Non-Employee Directors.
• Each phantom stock unit is equivalent to one share of LNC Common Stock.
• The price of the phantom stock units was $31.93.
• Following the transaction, Liang directly owns 21,284.39 shares, which includes 317.01 shares acquired through dividend reinvestment since the last report.
• 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: 5

Explanation: The document is a neutral report of an insider transaction, with no inherent positive or negative implications.

Future Outlook

The phantom stock units are payable solely in shares of the company's common stock at resignation or retirement.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It's a standard practice for publicly traded companies and their executives.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of director compensation.

Key Dates