LINCOLN NATIONAL CORP: director Gary C Kelly received 1,117.73 shares

What happened

• Gary C Kelly, a director, received 1,117.73 phantom stock units (each equal to one share) as an award on Sep 30, 2026. The filing lists a per-unit amount of $40.26 and an aggregate value of $45,000. The transaction is reported as a derivative award.

Key details

• Transaction date and price: Sep 30, 2026 — award of 1,117.73 units at $40.26 per unit (aggregate $45,000).
• Filing date: Oct 2, 2026.
• Shares owned after the transaction: not disclosed in the Form 4.
• Relevant footnotes from the filing:
  • F1: Each phantom stock unit is the equivalent of one share of LNC common stock.
  • F2: This award represents quarterly payment of board retainer and fees in phantom stock accrued under the LNC Deferred Compensation Plan for Non-employee Directors (Directors' DCP); those phantom shares are payable solely in shares of LNC common stock at resignation or retirement.
  • F3: The reported amount includes 1,106.90 shares acquired through dividend reinvestment since the reporting person's last report.

Why it may matter

• This was a derivative award of phantom stock units under the directors' deferred compensation plan, not an open-market purchase or sale.
• A filing does not show why the insider traded or why the company acted.