Form 4: Lincoln National Corp Executive Reports Changes in Beneficial Ownership

John Christopher Kennedy, EVP and President of LFD at Lincoln National Corp, reports changes in beneficial ownership of company stock, including phantom stock units.

Summary

• John Christopher Kennedy, an EVP and President at Lincoln National Corp (LNC), filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The report indicates transactions involving phantom stock units, each equivalent to one share of LNC Common Stock.
• Kennedy holds stock units in the LNC Deferred Compensation and Supplemental/Excess Retirement Plan (DC SERP) and can transfer these into alternative investment options within the plan.
• He directly owns 51,301.69 shares of common stock.
• The reported transactions include the acquisition of 12,390.81 phantom stock units.
• 7,256.57 stock units were acquired through the DC SERP's dividend reinvestment feature since the last report.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The document provides transparency into the stock ownership of a key executive at Lincoln National Corp.

Industry Context

Form 4 filings are a standard part of regulatory compliance for publicly traded companies, providing transparency into the trading activities of company insiders.

Stakeholder Impact

• The filing provides shareholders with information about executive stock ownership.

Key Dates

Keywords

Form 4, beneficial ownership, Lincoln National Corp, LNC, John Christopher Kennedy, phantom stock units, DC SERP, dividend reinvestment