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

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

Summary

• Director Dale LeFebvre acquired 1,446.95 phantom stock units of Lincoln National Corp (LNC) on June 30, 2024.
• These units were received as a quarterly payment of board retainer and fees under the Deferred Compensation Plan for Non-Employee Directors.
• Each phantom stock unit is equivalent to one share of LNC Common Stock.
• The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.
• LeFebvre directly owns 18,075.51 shares of LNC, including 265.92 shares acquired through dividend reinvestment since the last report.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transaction reflects standard compensation practices and alignment of director interests with the company.

Positives

• The acquisition of phantom stock units reflects continued alignment of the director's interests with the company's performance.
• Dividend reinvestment further increases the director's stake in the company.

Future Outlook

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

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company directors.

Related Party Transactions

• The acquisition of phantom stock units is a related party transaction as it involves compensation to a director.

Stakeholder Impact

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

Key Dates