Kennedy John Christopher 4

What Happened

• John Christopher Kennedy, EVP, Chief Distribution & Brand Officer at Lincoln National (LNC), received a settlement of performance shares and a grant of restricted stock units on 2026-02-19.
• He acquired 22,026 shares upon settlement of the 2023–2025 performance share award (reported as $0.00 per share because these were awards). To satisfy tax withholding on that settlement, 7,353 shares were surrendered/disposed at $40.10 each, totaling approximately $294,855. In addition, he was granted 16,085 restricted stock units (RSUs) that vest on February 19, 2029.

Key Details

• Transaction date: 2026-02-19.
• Actions reported: A (award/grant) — 22,026 shares acquired; F (tax withholding) — 7,353 shares disposed at $40.10 ($294,855); A — 16,085 RSUs granted (vest 2/19/2029).
• Shares owned after transaction: not specified in the provided filing summary; footnote F4 notes holdings through the company 401(k) as of 2/2/2026.
• Notable footnotes: F1 = settlement of 2023–2025 performance cycle; F2 = tax withholding; F3 = RSU grant contingent on vesting; F4 = 401(k) holdings disclosure.
• Filing timeliness: no late filing indication in the provided data.

Context

• This was not an open‑market purchase or sale for profit; the primary event was an award/settlement of performance shares and a grant of RSUs. The 7,353-share disposition reflects tax withholding on the settled award (a common, routine action), not a market-driven sale.
• The RSUs granted vest in 2029, so those shares are contingent on continued service and/or future vesting conditions.