JOHNSON ERIC G 4

What Happened

• Eric G. Johnson, a director of Lincoln National Corporation (LNC), was granted 1,267.61 phantom stock units on March 31, 2026. The units are reported at an implied price of $35.50 each, for a total grant value of $45,000. This transaction is an award (derivative) — part of deferred board compensation rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-31; filing date: 2026-04-02.
• Grant: 1,267.61 phantom stock units at $35.50 per unit; total reported value $45,000. Transaction code: A (award/acquisition).
• Derivative form: Phantom Stock Units — each unit is equivalent to one share of LNC common stock (Footnote F1).
• Source: Quarterly board retainer and fees paid in phantom stock under the Directors' Deferred Compensation Plan (Directors' DCP) (Footnote F2).
• Includes 999.08 units acquired via dividend reinvestment since the last report (Footnote F3).
• Shares owned after the transaction are not specified in the provided data; filing does not indicate a late report.

Context

• Phantom stock units are a deferred compensation vehicle that mirror the economic value of shares but are payable solely in LNC common stock at resignation or retirement (so these are not immediate taxable/open-market stock purchases or sales).
• This is routine director compensation and should be interpreted as compensation reporting rather than a direct bullish or bearish trading signal.