JOHNSON ERIC G 4
4 · LINCOLN NATIONAL CORP · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Lincoln National Director Eric G. Johnson Receives Phantom Stock Award
What Happened Eric G. Johnson, a non-employee director of Lincoln National Corp (LNC), was granted 1,272.98 phantom stock units on 2026-06-30 at an implied price of $35.35 per share, a total grant value of $45,000. The transaction is reported as an award/acquisition (derivative units), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-30; filing date: 2026-07-02 (file appears timely).
- Grant: 1,272.98 Phantom Stock Units at $35.35 per unit; aggregate value $45,000.
- Derivative nature: Phantom Stock Units are equivalent to one share of LNC common stock (Footnote F1) but are paid in shares only upon resignation or retirement (Footnote F2).
- Footnote F3 notes 1,155.92 of the reported units were acquired through dividend reinvestment since the last report.
- Shares owned after the transaction are not stated in the filing.
Context This was a routine director compensation award under Lincoln National’s Deferred Compensation Plan for Non‑employee Directors (paid as phantom stock units). These units are a form of deferred compensation and do not represent immediately tradable common stock; they convert to shares under plan terms (e.g., at resignation/retirement) or may be moved into alternative plan investments. Such awards are standard for directors and are not direct indicators of a personal market-direction bet.
Insider Transaction Report
- Award
Phantom Stock Unit
[F1][F2][F3]2026-06-30$35.35/sh+1,272.98$45,000→ 98,832.17 total→ Common Stock (1,272.98 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 Director's DCP at any time.
- [F3]Includes 1,155.92 shares acquired through dividend reinvestment since the reporting person's last report.