Rallis Andrew 4

What Happened
Andrew Rallis, EVP and Chief Risk Officer of Lincoln National (LNC), had 20,052 shares disposed via tax withholding on 2026-06-01. The shares were valued at $34.63 each, totaling approximately $694,401. This disposition was to cover tax liabilities tied to restricted stock unit (RSU) vesting upon retirement, not an open-market sale.

Key Details

• Transaction date: 2026-06-01; filing date: 2026-06-03 (Form 4 accession 0001214659-26-007122).
• Price: $34.63 per share; Shares disposed: 20,052; Total value ≈ $694,401.
• Transaction code: F — tax withholding. Footnote F1: tax withholding upon vesting of restricted stock units upon retirement.
• Shares owned after the transaction: not specified in the provided filing summary.
• Filing appears timely (filed two days after the transaction).

Context
Tax-withholding dispositions are routine when RSUs vest and do not necessarily indicate insider sentiment about the company. This was a withholding to satisfy tax obligations tied to RSU vesting upon retirement, not a discretionary open-market sale.