Cohen Adam M 4
4 · LINCOLN NATIONAL CORP · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Lincoln National (LNC) CAO Adam Cohen Sells 1,260 Shares for Taxes
What Happened
Adam M. Cohen, Chief Administrative Officer of Lincoln National Corporation (LNC), had 1,260 shares withheld to cover tax liabilities upon vesting of restricted stock units. The withholding was at $40.88 per share, totaling approximately $51,509. This was a tax-withholding disposition (not an open-market sale).
Key Details
- Transaction date: 2026-02-15; filing date: 2026-02-17 (filing appears timely).
- Shares withheld/disposed: 1,260 at $40.88 each; total value ≈ $51,509.
- Transaction code: F (payment of exercise price or tax liability — here, tax withholding on RSU vesting).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnotes: F1 = tax withholding upon RSU vesting; F2 notes 257.89 shares acquired via dividend reinvestment since the last report.
Context
Tax-withholding disposals are routine when restricted stock units vest and do not usually reflect an insider choosing to sell shares for investment reasons. Purchases by insiders often signal stronger positive intent; withholdings primarily satisfy tax obligations.
Insider Transaction Report
Form 4
Cohen Adam M
CAO
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-02-15$40.88/sh−1,260$51,509→ 23,928 total
Footnotes (2)
- [F1]Tax withholding upon vesting of restricted stock units.
- [F2]Includes 257.89 shares acquired through dividend reinvestment since the reporting person's last report.
Signature
/s/ Claire H. Hanna, Attorney-in-Fact|2026-02-17