Form 4: Lincoln National Corp EVP, Chief Investment Officer Jayson R Bronchetti Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Jayson R Bronchetti, EVP and Chief Investment Officer of Lincoln National Corp, reports the acquisition of 24,316 restricted stock units and updates holdings in common stock and 401(k).
Summary
- On February 19, 2025, Jayson R Bronchetti, EVP, Chief Investment Officer of Lincoln National Corp, acquired 24,316 restricted stock units (RSUs) representing a contingent right to receive shares of LNC common stock.
- These RSUs vest on February 19, 2028.
- Bronchetti's direct holdings of common stock following the transaction are 77,179.09 shares.
- He also indirectly owns 9,960.57 shares of common stock through the Company's 401(k) Plan as of February 1, 2025.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The filing indicates standard executive compensation practices and aligns executive interests with shareholders through equity ownership.
Industry Context
This filing is a routine disclosure of executive compensation and holdings, common in the financial services industry.
Comparison to Industry Standards
- Executive compensation packages including restricted stock units are a standard practice among publicly traded companies, including competitors like Prudential Financial (PRU) and MetLife (MET).
- The vesting schedule of three years is also typical for such grants, aligning executive incentives with long-term company performance.
- Executive stock ownership is generally viewed positively by investors as it aligns management's interests with those of shareholders.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding executive compensation and ownership.
- The vesting schedule of the restricted stock units incentivizes the executive to focus on long-term value creation for shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/01/2025 | Date of 401(k) holdings calculation |
| 02/19/2025 | Transaction date: Acquisition of restricted stock units |
| 02/19/2028 | Vesting date of restricted stock units |
| 02/21/2025 | Date of Form 4 signature |
Keywords
Form 4, Beneficial Ownership, Lincoln National Corp, LNC, Jayson R Bronchetti, Restricted Stock Units, 401(k), EVP, Chief Investment Officer
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