Form 4: Lincoln National Corp Director Eric G. Johnson Reports Acquisition of Phantom Stock Units

Director Eric G. Johnson reports acquiring phantom stock units and shares through dividend reinvestment in Lincoln National Corp.

Summary

• On June 30, 2024, Eric G. Johnson, a director of Lincoln National Corp, acquired 1,446.95 phantom stock units.
• These units are equivalent to shares of LNC Common Stock and were accrued under the Deferred Compensation Plan for Non-Employee Directors as quarterly payment of board retainer and fees.
• The price per share was $31.1.
• Johnson also acquired 1,255.70 shares through dividend reinvestment since the last report.
• Following these transactions, Johnson beneficially owns 79,970.05 shares of LNC.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and continued investment by a director. There are no indications of negative events or concerns.

Positives

• The acquisition of phantom stock units reflects ongoing compensation and alignment of interests between the director and the company.
• Dividend reinvestment indicates a continued investment in the company's future.

Future Outlook

The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time, and 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 compensation and investment activities of company directors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and investment in the company.

Key Dates