LeFebvre Dale 4
4 · LINCOLN NATIONAL CORP · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Lincoln National (LNC) Director Dale LeFebvre Receives Award
What Happened
Dale LeFebvre, a non-employee director of Lincoln National Corporation (LNC), was granted 1,272.98 phantom stock units on 2026-06-30 as an award under the company’s deferred compensation plan. The units were valued at $35.35 each for a total reported value of $45,000. This transaction is coded as an award/grant (A) and represents deferred compensation rather than an open-market purchase of common stock.
Key Details
- Transaction date: 2026-06-30; filing date: 2026-07-02 (Form 4 filed promptly after the transaction).
- Grant: 1,272.98 phantom stock units @ $35.35 = $45,000 (derivative award).
- Shares owned after transaction: Not specified in the supplied filing details.
- Notable footnotes:
- F1: Each Phantom Stock unit equals one share of LNC common stock.
- F2: These units are quarterly board retainer/fee accruals under the Directors’ Deferred Compensation Plan (payable solely in shares upon resignation or retirement); units can be moved into alternate investment accounts under the plan.
- F3: The grant includes 346.04 units acquired via dividend reinvestment since the last report.
- Transaction type: Derivative award (not an immediate equity purchase or sale).
Context
This is a routine director compensation award (deferred phantom stock) and does not reflect an open-market buy or sale. Because the units are payable in shares only upon resignation/retirement, they represent deferred economic exposure to LNC equity rather than current share ownership available for sale. Such grants are common for non-employee directors and are typically part of regular compensation.
Insider Transaction Report
- Award
Phantom Stock Unit
[F1][F2][F3]2026-06-30$35.35/sh+1,272.98$45,000→ 30,479.02 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 346.04 shares acquired through dividend reinvestment since the reporting person's last report.