Form 4: Lincoln National Corp Director, Gary C Kelly, Reports Changes in Beneficial Ownership

Director Gary C Kelly reports acquisition of phantom stock units and shares through dividend reinvestment in Lincoln National Corp.

Summary

• Gary C Kelly, a director of Lincoln National Corp (LNC), filed a Form 4 on July 1, 2024, reporting changes in beneficial ownership.
• The report indicates that Kelly acquired 1,446.95 phantom stock units on June 30, 2024, 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 price per share for the phantom stock units is $31.1.
• Kelly also acquired 946.38 shares through dividend reinvestment since the last report.
• Following the reported transactions, Kelly beneficially owns 60,626.99 shares of LNC Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating standard compensation practices and continued investment by a director.

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 and confidence in the company's performance.

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 routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers. These filings are closely watched by investors to gauge sentiment and potential future actions of key individuals within the company.

Stakeholder Impact

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

Key Dates