JOHNSON ERIC G 4

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.