SEC Form 3 · accession 0001214659-26-007167
LINCOLN NATIONAL CORP · LNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul P. Spurr
Officer — EVP, CRO & CA
Period of report
Jun 1, 2026
Accepted (ET)
Jun 4, 2026 · 4:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000059558
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 51,735 | D | ||
| Common StockF2 | holding | — | — | — | 8 | I | In 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $71.70 | holding | — | — | — | — | Feb 22, 2027 | Common Stock | 2,894 | — | D |
| Employee Stock Option (Right to Buy)F4 | $78.32 | holding | — | — | — | — | Feb 21, 2028 | Common Stock | 3,013 | — | D |
| Employee Stock Option (Right to Buy)F5 | $63.01 | holding | — | — | — | — | Feb 27, 2029 | Common Stock | 4,454 | — | D |
| Employee Stock Option (Right to Buy)F6 | $60.86 | holding | — | — | — | — | Feb 19, 2030 | Common Stock | 4,827 | — | D |
| Employee Stock Option (Right to Buy)F7 | $54.52 | holding | — | — | — | — | Feb 17, 2031 | Common Stock | 4,098 | — | D |
| Employee Stock Option (Right to Buy)F8 | $73.51 | holding | — | — | — | — | Feb 16, 2032 | Common Stock | 2,097 | — | D |
| Employee Stock Option (Right to Buy)F9 | $37.74 | holding | — | — | — | — | Dec 5, 2032 | Common Stock | 3,230 | — | D |
| Employee Stock Option (Right to Buy)F10 | $34.99 | holding | — | — | — | — | Feb 15, 2033 | Common Stock | 4,053 | — | D |
Explanation of responses
- F1Includes 6,604 restricted stock units ("RSUs") that vest on February 21, 2027, 6,885 RSUs that vest on February 19, 2028, 4,246 RSUs that vest on February 19, 2029, and 5,267 RSUs that vest on May 28, 2029.
- F10The option vested in three equal installments on February 15, 2024, 2025 and 2026.
- F2Represents the number of shares of common stock beneficially owned through the Company's 401(k) Plan as of 6/1/2026.
- F3The option vested in three equal installments on February 22, 2018, 2019 and 2020.
- F4The option vested in three equal installments on February 21, 2019. 2020 and 2021.
- F5The option vested in three equal installments on February 27, 2020, 2021 and 2022.
- F6The option vested in three equal installments on February 19, 2021, 2022 and 2023.
- F7The option vested in three equal installments on February 17, 2022, 2023 and 2024.
- F8The option vested in three equal installments on February 16, 2023, 2024 and 2025.
- F9The option vested in full on December 5, 2025.