Form 4: Lincoln National Corp Director William H. Cunningham Acquires Phantom Stock Units

Director William H. Cunningham acquired 1,670.84 phantom stock units of Lincoln National Corp on March 31, 2025, as part of a deferred compensation plan.

Summary

• On March 31, 2025, William H. Cunningham, a director of Lincoln National Corp (LNC), acquired 1,670.84 phantom stock units.
• This acquisition was part of a quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors.
• Each phantom stock unit is equivalent to one share of LNC Common Stock.
• The price of the phantom stock was $35.91 per unit.
• Following the transaction, Cunningham directly owns 179,241.28 shares of LNC, which includes 2,325.58 shares acquired through dividend reinvestment since the last report.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing an insider transaction related to director compensation. 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

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company directors. It reflects standard compensation practices for board members.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects standard director compensation practices.

Key Dates

Keywords

Lincoln National Corp, Director, William H. Cunningham, Phantom Stock Units, Deferred Compensation Plan, LNC, Stock Acquisition, Form 4