Rallis Andrew 4

What Happened

• Andrew Rallis, EVP and Chief Risk Officer of Lincoln National Corporation (LNC), received a grant of 30,549 restricted stock units (RSUs) on February 19, 2026. The filing reports the award as an acquisition at $0.00 because RSUs are compensation grants rather than purchases. The RSUs vest on February 19, 2029 per the filing.

Key Details

• Transaction date: 2026-02-19; Transaction type/code: Award/Grant (A).
• Number of RSUs granted: 30,549; reported acquisition price: $0.00 (compensation grant).
• Vesting: RSUs vest on February 19, 2029 (footnote F1).
• Shares owned following the transaction: not specified in the provided filing excerpt.
• Additional note: the filing indicates 5,451.66 shares were acquired through dividend reinvestment since the reporting person's last report (footnote F2).
• Timeliness: Reported on 2026-02-23 for a 2026-02-19 transaction; this appears to be filed within the SEC’s two-business-day Form 4 window.

Context

• This was a compensation-related grant (RSUs), not an open-market purchase or sale, so it reflects pay/retention design rather than an immediate bullish or bearish trading signal. The RSUs will convert to common shares only if/when they vest on the stated date.