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

Director Ryan Owen acquired 2,380.2 phantom stock units of Lincoln National Corp (LNC) on September 30, 2024, as part of a quarterly payment of board retainer and fees.

Summary

• On September 30, 2024, Ryan Owen, a director of Lincoln National Corp (LNC), acquired 2,380.2 phantom stock units.
• This acquisition is 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 reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.
• Owen also owns 10,498.15 shares of LNC, which includes 105.89 shares acquired through dividend reinvestment since the last report.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance and compensation practices. It is neither overwhelmingly positive nor negative.

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 reflects standard compensation practices for directors of publicly traded companies, often involving deferred stock or phantom stock units as part of their remuneration.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director compensation with company performance.
• The transaction has a minor positive impact on the director as it provides additional compensation.

Key Dates