Reid James Waltman 4
4 · LINCOLN NATIONAL CORP · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Lincoln National (LNC) EVP Reid Waltman Sells 7,338 Shares (Tax Withholding)
What Happened
Reid James Waltman, EVP Workplace Solutions at Lincoln National (LNC), had 7,338 shares withheld to satisfy tax withholding upon vesting of restricted stock units (RSUs). The withholding was recorded at $40.88 per share, for a total value of $299,977. This is a routine tax-withholding disposition rather than an open-market sale.
Key Details
- Transaction date: 2026-02-15; Form 4 filed: 2026-02-17 (timely filing).
- Price: $40.88 per share; total value of shares withheld: $299,977.
- Shares owned after the transaction: not specified in the filing.
- Footnotes: F1 indicates this was tax withholding upon RSU vesting; F2 notes 2,337.56 shares were acquired via dividend reinvestment since the reporting person's last report.
- Transaction code: F (payment of tax liability by surrender/withholding of shares).
Context
Tax-withholding disposals of vested RSUs are common and usually administrative — they don't necessarily reflect the insider's view on the stock. This was a cashless/withholding action to meet tax obligations, not an open-market sale.
Insider Transaction Report
Form 4
Reid James Waltman
EVP, Pres. Workplace Solutions
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-02-15$40.88/sh−7,338$299,977→ 121,617 total
Footnotes (2)
- [F1]Tax withholding upon vesting of restricted stock units.
- [F2]Includes 2,337.56 shares acquired through dividend reinvestment since the reporting person's last report.
Signature
/s/ Claire H. Hanna, Attorney-in-Fact|2026-02-17