Form 4: Lincoln National Corp Executive Kenneth S. Solon Reports Stock Transactions

EVP & Chief Information Officer of Lincoln National Corp, Kenneth S. Solon, reports disposition of shares for tax withholding and updates holdings through dividend reinvestment and 401(k).

Summary

• Kenneth S. Solon, EVP & Chief Information Officer of Lincoln National Corp, reported a transaction on May 7, 2024.
• The transaction involved the disposition of 590 shares of common stock at a price of $29.14 per share for tax withholding purposes.
• Following the transaction, Solon directly owns 149,624.47 shares of common stock.
• Solon also indirectly owns 3,662.58 shares through the company's 401(k) plan as of May 1, 2024.
• The report also notes that 1,619.27 shares were acquired through dividend reinvestment since the last report.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions, which carries a neutral sentiment.

Positives

• The reporting person increased their holdings through dividend reinvestment, adding 1,619.27 shares.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine tax withholding event.

Key Dates