Lincoln National Corp: director Reginald E. Davis received 1,117.73 shares

What happened Reginald E. Davis, a director, received 1,117.73 phantom stock units (derivative securities) granted at $40.26 per unit on Sep 30, 2026, for a total value of $45,000. The filing treats each phantom stock unit as the equivalent of one share of LNC common stock (see footnote F1).

Key details

• Transaction date and price: Sep 30, 2026 — grant/award (code A) of 1,117.73 units at $40.26 per unit (total $45,000).
• Shares owned after the transaction: not disclosed in the provided filing summary.
• Relevant footnotes from the filing:
  • F1: each phantom stock unit equals one share of LNC common stock.
  • F2: units are quarterly board retainer/fee accruals under the directors' deferred compensation plan (Directors' DCP), held in the LNC Stock Fund account and payable solely in shares of LNC common stock at resignation or retirement; holdings may be transferred into an alternative investment account in the Directors' DCP.
  • F3: the reported amount includes 305.52 shares acquired through dividend reinvestment since the reporting person's last report.
• Filing date: Oct 2, 2026 (period of report Sep 30, 2026); no late-filing marker provided in the data shown.

Why it may matter This was a grant of phantom stock units (a derivative award), not a market purchase or sale. A filing does not show why the insider traded or why the company acted.