Kennedy John Christopher 4

What Happened John Christopher Kennedy, EVP and Chief Distribution & Brand Officer at Lincoln National (LNC), had 3,069 shares disposed at $40.88 per share on 2026-02-15 to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The reported proceeds from the disposition were approximately $125,461. This was a withholding sale (routine tax-related disposition), not an open-market investment selloff.

Key Details

• Transaction date and price: 2026-02-15 — 3,069 shares at $40.88 each.
• Proceeds: ~$125,461.
• Transaction code: F — tax withholding upon vesting of RSUs (cashless/withholding disposition).
• Shares owned after transaction: total beneficial ownership not specified in the summary; footnotes note 1,223.48 shares acquired via dividend reinvestment since the last report and additional shares held through the company 401(k) plan as of 2026-02-02.
• Filing: Form 4 filed 2026-02-17 for a 2026-02-15 transaction — appears to be filed timely.

Context Tax-withholding dispositions like this are common when RSUs vest and do not necessarily indicate a manager's view on the company. This was a routine withholding to cover tax liabilities (not a voluntary open-market sale or a gift).