Neczypor Christopher M 4

What Happened

• Christopher M. Neczypor, EVP & CFO of Lincoln National Corp (LNC), reported settlement of a performance-share award and a grant of restricted stock units (RSUs) on 2026-02-19. He acquired 48,925 shares upon settlement of the performance award and was granted 41,148 RSUs (contingent, vesting 2/19/2029). To cover tax withholding on the settled award, 19,970 shares were surrendered at $40.10 each for proceeds of $800,797. The immediate net increase in owned shares from the settled award after withholding was 28,955 shares; the RSUs are a future contingent award.

Key Details

• Transaction date(s): 2026-02-19; Form filed 2026-02-23 (timely).
• Entries reported:
  • Acquisition (A): 48,925 shares @ $0.00 — settlement of performance share award (F1).
  • Disposal (F): 19,970 shares @ $40.10 — tax withholding on settlement, proceeds $800,797 (F2).
  • Acquisition (A): 41,148 RSUs @ $0.00 — contingent RSU grant vesting 2/19/2029 (F3).
• Net immediate shares added from the settled award: 48,925 − 19,970 = 28,955 shares.
• Shares owned following the transaction: not provided in the data you supplied.
• Transaction codes: A = award/grant, F = tax withholding. No 10b5-1 plan or late filing indicated in the supplied record.

Context

• The 48,925 shares were received on settlement of a performance award; the 19,970-share disposition was a standard tax-withholding surrender (common and routine). The 41,148 RSUs are a grant (contingent right to future shares) and do not vest until 2/19/2029, so they are not immediately issued shares. These filings document compensation-related equity activity rather than an open-market buy or sell that signals a trading decision.