Beazer CraigT T 4

What Happened Craig T. Beazer, EVP & General Counsel of Lincoln National Corp (LNC), received equity awards on Feb 19, 2026 totaling 51,340 shares (30,142 shares from settled performance awards and 21,198 restricted stock units). Concurrently, 11,413 shares were disposed of (sold) to satisfy tax withholding obligations at $40.10 per share, generating proceeds of $457,661. The awards themselves were recorded at $0.00 per share because they were granted/settled, not purchased.

Key Details

• Transaction date(s): February 19, 2026 (reported on Form 4 filed Feb 23, 2026).
• Acquisitions: 30,142 shares (performance share settlement) + 21,198 RSUs @ $0.00.
• Disposal for tax withholding: 11,413 shares @ $40.10 = $457,661.
• Vesting/settlement notes: performance shares represent the 2023–2025 cycle (settled on 2/19/2026); the RSUs vest on February 19, 2029 (per footnotes).
• Filing timeliness: reported on Feb 23 for transactions on Feb 19; no late-filing flag provided in the supplied data.
• Transaction codes: A = Award/Grant, F = Tax withholding (shares sold to cover taxes).

Context The bulk of activity is receipt of equity awards (acquisitions recorded at $0 because they are compensation). The sale of 11,413 shares was a routine tax-withholding disposition tied to settlement and does not necessarily indicate a change in the insider’s view of the company. Awards that vest in the future (RSUs vesting 2029) are long-dated compensation.