Adhya Nilanjan 4

What Happened
Nilanjan Adhya, EVP and Chief AI & Data Analytics Officer of Lincoln National Corporation (LNC), received a grant of 19,951 restricted stock units (RSUs) on February 19, 2026. The Form 4 reports the acquisition code "A" (award/grant) at an acquisition price of $0.00. The filing does not list a dollar value realized at grant (the report records $0 as the acquisition price because this is a compensation award, not a purchase).

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (filed within the usual 2-business-day window).
• Security: Restricted Stock Units (RSUs) representing a contingent right to receive LNC common stock.
• Amount granted: 19,951 RSUs; acquisition price shown: $0.00.
• Vesting: RSUs vest on February 19, 2029 (per footnote).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing code: A (award/grant). No 10b5-1 plan, tax-withholding, or sale information noted in the provided details.

Context
RSUs are a form of equity compensation: the grantee receives the underlying shares only if/when the units vest (here, in three years). Grants are common for executive compensation and are recorded as an acquisition in Form 4, but they differ from open-market purchases (which may signal a direct buy) or sales. This filing documents the grant; it is factual disclosure of compensation rather than an immediate market transaction.