Lincoln (LCLN) COO Mary Weber Exercises Options, Receives Award

What Happened

• Mary Rose Weber, Chief Operating Officer of Lincoln International, exercised vested stock options on 2026-08-24 and received a grant of Common Units. The filing shows acquisitions of 65,000 shares at $7.38 (total $479,700) and 16,250 shares at $6.83 (total $110,988), for a combined cash exercise cost of $590,688. She also received 46,704 Common Units as an award. To cover exercise price/tax liabilities, 34,546 shares were surrendered/withheld at $23.42, valued at $809,067. The filing also includes several derivative conversion/disposal line items reported at $0 per share (see key details).

Key Details

• Transaction date: August 24, 2026; Form filed August 26, 2026 (timely filing).
• Exercise/acquisition lines: 65,000 @ $7.38 = $479,700; 16,250 @ $6.83 = $110,988; Award: 46,704 Common Units (no cash price).
• Shares surrendered/withheld for taxes/exercise payment: 34,546 @ $23.42 = $809,067 (F code: tax/exercise payment).
• Other derivative entries: disposals of 65,000 and 16,250 shares reported at $0 (M code) per the filing.
• Footnotes: F1–Common Units issued pursuant to exercise and corresponding Class B shares; F2–Common Units redeemable 1:1 for Class A shares; F3–the option exercised was fully vested and exercisable.
• Shares owned after the transactions: not specified in the provided filing details.

Context

• This was an option exercise (derivative transactions). The withholding/surrender of 34,546 shares to satisfy tax/price obligations indicates a cashless-style settlement for taxes/exercise costs rather than an open-market purchase or sale.
• Awards and option exercises are routine insider transactions and do not by themselves indicate the insider’s future view of company stock. The option exercised was fully vested per the filing.