Form 4: Lincoln National Corp Director Acquires Phantom Stock Units

Director M Leanne Lachman acquired phantom stock units in Lincoln National Corp through a quarterly payment of board retainer and fees.

Summary

• On September 30, 2024, M Leanne Lachman, a director of Lincoln National Corp (LNC), acquired 1,428.12 phantom stock units.
• These units were obtained through 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 price per share was $31.51.
• Following the transaction, Lachman directly owns 30,625.68 shares, which includes 380.84 shares acquired through dividend reinvestment since the last report.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard compensation transaction. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time. The phantom stock units are payable solely in shares of the Company's common stock at resignation or retirement.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This particular filing reflects routine compensation practices for board members.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves the issuance of phantom stock units to a director as part of their compensation.

Key Dates