Form 4 for LNC LINCOLN NATIONAL CORP

Accepted 2026-03-02 00:00:00 ET · period of report 2026-02-27 · accession 0001214659-26-002701 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2026-03-02	2026-03-02	LNC	Woodroffe Sean	EVP, Ch Ppl Comms Ent Srvc Off	S - Sale	$34.46	-10.0K	206.2K	-5%	-$344.6K
D	2026-03-02	2026-02-27	LNC	Woodroffe Sean	EVP, Ch Ppl Comms Ent Srvc Off	I - Discretionary	$34.30	+10.2K	10.2K	New	+$350.0K

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2026-03-02	S	D	10,000	$34.46	206,159	D	—	—	(F1) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.44 to $34.51, inclusive. The reporting person undertakes to provide Lincoln National Corporation, any security holder of Lincoln National Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 1.
2	Derivative	Phantom Stock Units	2026-02-27	I	A	10,204.08	$34.30	10,204.08	D	— · — to —	10,204.08 Common Stock	(F2) Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock. Represents phantom stock units held in the LNC Stock Fund investment account in the LNC Deferred Compensation and Supplemental/Excess Retirement Plan (the "DC SERP"). The reporting person may transfer his phantom stock unit holdings into an alternative investment account in the DC SERP at any time.