Form 4: LNC Executive Beazer Discloses Stock Transaction

Lincoln National Corp's EVP & General Counsel, Craig T. Beazer, reported a disposition of common stock for tax withholding and a correction to prior dividend reinvestment figures.

Summary

• Craig T. Beazer, EVP & General Counsel of Lincoln National Corp (LNC), reported a transaction on November 24, 2025.
• Beazer disposed of 1,331 shares of LNC Common Stock at a price of $40.34 per share.
• This disposition was made to satisfy tax withholding obligations.
• Following this transaction, Beazer beneficially owns 97,483.56 shares of Common Stock.
• The filing also includes a correction for an administrative error, where the number of shares acquired through dividend reinvestment in prior periods was overstated by 32.47 shares.
• Additionally, 2,986.56 shares were acquired through dividend reinvestment since the last report.

Sentiment

Score: 5

Explanation: The filing is neutral. It reports a routine disposition of shares for tax withholding and a correction of an administrative error, balanced by new dividend reinvestment acquisitions. It does not indicate any significant positive or negative operational or financial news.

Positives

• The reporting person acquired 2,986.56 shares through dividend reinvestment, indicating continued investment in the company.

Negatives

• The disposition of 1,331 shares reduces the direct beneficial ownership of the reporting person, although it was for tax withholding purposes.

Future Outlook

NA

Management Comments

• Reflects a correction to the number of shares reported as acquired through dividend reinvestment in certain prior periods, which due to an administrative error had been overstated by 32.47 shares in the aggregate, and includes 2,986.56 shares acquired through dividend reinvestment since the reporting person's last report.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a disposition of shares for tax withholding and an update on dividend reinvestment. Such transactions are common for executives receiving equity compensation and do not typically reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact, as it's a routine tax-related disposition and a minor correction. The executive still holds a significant number of shares.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific filing.

Key Dates

Keywords

Lincoln National Corp, LNC, Craig T. Beazer, Form 4, Insider Transaction, Common Stock, Tax Withholding, Dividend Reinvestment, Executive Compensation