Woodroffe Sean 4

What Happened

• Sean Woodroffe, EVP & Chief People, Culture & Communications Officer at Lincoln National (LNC), had a performance-share settlement and related tax-withholding sale on Feb 19, 2026. He acquired 53,368 shares upon settlement of a 2023–2025 performance award and was also granted 22,444 restricted stock units (RSUs) that vest Feb 19, 2029. To satisfy tax withholding on the settlement, 19,037 shares were disposed at $40.10 per share for proceeds of $763,384. The reported acquisitions include 3,401.52 shares from dividend reinvestment since his last report.

Key Details

• Transaction date: February 19, 2026 (filed Feb 23, 2026)
• Disposition: 19,037 shares sold/withheld at $40.10 each — proceeds $763,384 (tax withholding)
• Acquisitions: 53,368 shares upon performance-share settlement; 22,444 RSUs granted (vest 2/19/2029)
• Dividend reinvestment: 3,401.52 shares included in the acquired totals
• Shares owned after transaction: not provided in the filing excerpt
• Footnotes: settlement of 2023–2025 performance award; tax withholding upon settlement; RSUs vest in 2029
• Filing timeliness: Form 4 filed Feb 23, 2026 (within the standard reporting window)

Context

• The 19,037-share disposition was a tax-withholding sale tied to the performance-share settlement — a routine administrative step, not an open-market investment decision. The RSUs granted are time-vested awards (vesting 2/19/2029). Awards settling into shares increase insider holdings but may be partially offset by withholding.