KELLY GARY C 4
4 · LINCOLN NATIONAL CORP · Filed Jan 5, 2026
Insider Transaction Report
Form 4
KELLY GARY C
Director
Transactions
- Award
Phantom Stock Unit
2025-12-31$44.53/sh+1,010.55$45,000→ 73,249.87 total→ Common Stock (1,010.55 underlying)
Footnotes (3)
- [F1]Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock.
- [F2]Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.
- [F3]Includes 791.91 shares acquired through dividend reinvestment since the reporting person's last report.