CUNNINGHAM WILLIAM H DR 4
4 · LINCOLN NATIONAL CORP · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Lincoln National (LNC) Director William H. Cunningham Receives Award
What Happened
William H. Cunningham, a director of Lincoln National Corporation (LNC), was granted 1,690.14 phantom stock units on 2026-03-31. The units were valued at $35.50 each, totaling $60,000. This transaction is recorded as a derivative award (Transaction Code A) under the company's non-employee directors' deferred compensation plan.
Key Details
- Transaction date: 2026-03-31; grant price/value: $35.50 per unit; total value: $60,000.
- Transaction type: Grant / award of Phantom Stock Units (derivative), Code A.
- Phantom Stock Units are each equivalent to one share of LNC common stock (Footnote F1).
- Grant represents quarterly board retainer/fees accrued in the Directors' Deferred Compensation Plan and payable in shares upon resignation or retirement (Footnote F2).
- Filing date: 2026-04-02; filing appears timely (no late filing indicated).
- Shares/units owned after the transaction: not specified in the filing.
- Filing notes that 2,023.39 shares were acquired through dividend reinvestment since the reporting person's last report (Footnote F3).
Context
Phantom stock units are a form of deferred compensation that mirror the economic value of shares but are settled later (here, payable solely in common stock upon resignation/retirement). This is a routine director compensation grant rather than an open-market purchase or sale and does not necessarily signal the director buying or selling LNC stock immediately.
Insider Transaction Report
- Award
Phantom Stock Unit
[F1][F2][F3]2026-03-31$35.50/sh+1,690.14$60,000→ 194,361.75 total→ Common Stock (1,690.14 underlying)
Footnotes (3)
- [F1]Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock.
- [F2]Quarterly payment of board retainer and fees in shares of phantom stock accrued under the LNC Deferred Compensation Plan for Non-employee Directors (the "Directors' DCP") in the LNC Stock Fund investment account, which are payable solely in shares of LNC Common Stock at resignation or retirement. The reporting person may transfer his/her phantom stock unit holdings into an alternative investment account in the Directors' DCP at any time.
- [F3]Includes 2,023.39 shares acquired through dividend reinvestment since the reporting person's last report.