Neczypor Christopher M 4

What Happened Christopher M. Neczypor, EVP & CFO of Lincoln National Corp (LNC), surrendered 5,162 shares to cover tax withholding on vested restricted stock units (RSUs). The shares were valued at $40.88 each for a total reported disposition of $211,023. This was a tax-withholding disposal (not an open-market sale) tied to RSU vesting and is commonly a routine, administrative transaction.

Key Details

• Transaction date: 2026-02-15; filing date: 2026-02-17.
• Disposition: 5,162 shares at $40.88 per share; reported total $211,023.
• Transaction code: F — tax withholding upon vesting of restricted stock units.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 confirms tax withholding on RSU vesting; F2 notes 1,244.64 shares were acquired via dividend reinvestment since the last report.

Context This was a cashless withholding (shares surrendered to satisfy tax obligations) rather than an open-market sale—such disposals are routine and do not necessarily indicate a change in the insider’s market view. Retail investors should view this as administrative; purchases or open-market sales tend to be more informative about confidence or planning.