Lincoln National Corp: director Lachman M Leanne received 1,117.73 shares

What happened

• Lachman M Leanne, a director, received 1,117.73 phantom stock units (equivalent to shares) as an award on Sep 30, 2026. The filing lists a per-share value of $40.26 and a total reported value of $45,000.

Key details

• Transaction date and price: Sep 30, 2026 — award of 1,117.73 units at $40.26 per share; total $45,000. Transaction code: A (award/grant).
• Shares owned after the transaction: not reported in the Form 4.
• Relevant footnotes from the filing:
  • F1: each phantom stock unit equals one share of LNC common stock.
  • F2: units are accrued as quarterly board retainer and fees in 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 amount includes 413.40 shares acquired through dividend reinvestment since the last report.
• Form 4 filed Oct 2, 2026 (transaction dated Sep 30, 2026).

Why it may matter

• This was an award of phantom stock units (a derivative form of compensation) rather than an open-market purchase or sale; payout is payable in shares under the directors' deferred compensation plan and is not an immediate market trade.
• The filing does not show why the insider traded or why the company acted.