Lincoln National Corp: director Deirdre P Connelly received 1,117.73 shares

What happened

• Deirdre P Connelly, director, received 1,117.73 phantom stock units (reported as shares) on Sep 30, 2026, at an imputed price of $40.26 per share for a total value of $45,000. The transaction is reported as an award/grant (derivative).

Key details

• Transaction date and price: Sep 30, 2026, 1,117.73 shares at $40.26 each = $45,000.
• Transaction code: A (award/grant); classified as a derivative acquisition.
• Shares owned after the transaction: not stated in the filing.
• Footnotes:
  • F1: Each phantom stock unit equals one share of LNC common stock.
  • F2: These phantom units were accrued as a quarterly board retainer/fee under the directors' deferred compensation plan and are payable solely in shares of LNC common stock at resignation or retirement; units may be transferred into an alternative investment account in the plan.
  • F3: The reported total includes 479.04 shares acquired through dividend reinvestment since the reporting person's last report.
• Filing date: Oct 2, 2026 (no late filing flag indicated in the report).

Why it may matter

• This was a grant of phantom stock units (derivative award) under the directors' deferred compensation plan, not an open-market purchase or sale; payout is in shares upon resignation or retirement.
• A filing does not show why the insider traded or why the company acted.