Form 4: LNC CEO Ellen Cooper's Stock Transactions
Insider Transaction Report
Lincoln National Corp CEO Ellen Cooper reported significant stock acquisitions from performance awards and RSU grants, alongside tax-related dispositions.
Summary
- Ellen Cooper, Chairman, President & CEO of Lincoln National Corp (LNC), reported several transactions on February 19, 2026.
- Acquired 189,295 shares upon the settlement of a performance share award for the 2023-2025 performance cycle.
- Acquired an additional 28,992 shares upon the settlement of a tranche of a performance share award.
- Received a grant of 109,227 Restricted Stock Units (RSUs), which represent a contingent right to receive shares of LNC common stock and are scheduled to vest on February 19, 2029.
- Disposed of 80,413 shares and 12,316 shares at a price of $40.1 per share for tax withholding purposes related to the settlement of performance share awards.
- Following these reported transactions, Ellen Cooper's direct beneficial ownership stands at 768,244 shares.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive signal, reflecting the successful vesting of performance-based awards and a new RSU grant, which increases the CEO's direct equity interest in the company and aligns her incentives with long-term shareholder value.
Positives
- Acquisition of 189,295 shares from the settlement of a performance share award for the 2023-2025 cycle, indicating successful achievement of performance targets.
- Acquisition of 28,992 shares from the settlement of another tranche of a performance share award.
- Grant of 109,227 Restricted Stock Units (RSUs) further aligns executive interests with long-term shareholder value, vesting in 2029.
Negatives
- Disposition of 80,413 shares and 12,316 shares at $40.1 per share for tax withholding purposes, which is a standard practice upon vesting of equity awards and not indicative of a negative outlook.
Future Outlook
The 109,227 Restricted Stock Units granted to Ellen Cooper are scheduled to vest on February 19, 2029, representing a future contingent right to receive shares.
Industry Context
StockSavvy.ai notes that the grant and settlement of performance-based equity awards and restricted stock units are standard components of executive compensation packages in the financial services industry, designed to incentivize long-term performance and align management interests with shareholder returns. The tax withholdings are a routine part of these transactions.
Stakeholder Impact
- Shareholders: Increased alignment of the CEO's interests with shareholder value through equity awards and RSU grants, potentially fostering long-term growth focus.
Next Steps
- Vesting of 109,227 Restricted Stock Units on February 19, 2029.
Key Dates
| Date | Description |
|---|---|
| 02/19/2026 | Date of all reported transactions, including share acquisitions from performance awards, tax withholdings, and RSU grant. |
| 02/19/2029 | Vesting date for the 109,227 Restricted Stock Units granted. |
| 02/23/2026 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
LNC, Lincoln National Corp, Ellen Cooper, Form 4, Insider Trading, Executive Compensation, Performance Share Award, Restricted Stock Units, Equity Grant
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