Form 4: Director Leanne Lachman Reports Acquisition of Lincoln National Corp Phantom Stock Units

Director Leanne Lachman acquired phantom stock units of Lincoln National Corp as part of a deferred compensation plan.

Summary

• Leanne Lachman, a director of Lincoln National Corp (LNC), reported a transaction on March 31, 2024.
• The transaction involved the acquisition of 1,409.33 phantom stock units under the Deferred Compensation Plan for Non-Employee Directors.
• Each phantom stock unit is equivalent to one share of LNC Common Stock.
• The phantom stock units were acquired as a quarterly payment of board retainer and fees.
• The price per share was $31.93.
• Following the transaction, Lachman beneficially owns 26,932.1 shares, which includes 425.54 shares acquired through dividend reinvestment since the last report.

Sentiment

Score: 7

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

Positives

• The acquisition of phantom stock units reflects continued alignment of the director's interests with those of the shareholders.
• The Deferred Compensation Plan allows directors to accrue shares of company stock, which are payable upon resignation or retirement.

Future Outlook

The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Related Party Transactions

• The acquisition of phantom stock units under the Deferred Compensation Plan for Non-Employee Directors constitutes a related party transaction.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates