Form 4: Lincoln National Corp Executive Sean Woodroffe Reports Stock Transactions

Sean Woodroffe, EVP, Ch Ppl Culture Comms Off of Lincoln National Corp, reports the disposition and acquisition of company stock.

Summary

• On May 24, 2024, Sean Woodroffe had 40,714 shares withheld for tax purposes at a price of $32.66.
• On May 28, 2024, Sean Woodroffe sold 55,127 shares of Common Stock at a weighted average price of $32.57, with prices ranging from $32.21 to $32.74.
• Following these transactions, Woodroffe directly owns 198,255.26 shares of Lincoln National Corp.
• This includes 4,703.75 shares acquired through dividend reinvestment since the last report.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Positives

• The reporting person acquired 4,703.75 shares through dividend reinvestment, increasing their holdings.

Negatives

• The reporting person disposed of a significant number of shares, including shares withheld for tax purposes and shares sold on the open market.

Industry Context

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

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although executive stock transactions are common and often don't significantly affect the stock price.

Key Dates