SEC Form 3 · accession 0001214659-26-007168
LINCOLN NATIONAL CORP · LNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Darrel W. Tedrow
Officer — EVP, President Life Ins & RSS
Period of report
Jun 1, 2026
Accepted (ET)
Jun 4, 2026 · 4:21 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 | — | — | — | 34,014 | D |
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)F2 | $73.51 | holding | — | — | — | — | Feb 16, 2032 | Common Stock | 1,837 | — | D |
| Employee Stock Option (Right to Buy)F3 | $37.74 | holding | — | — | — | — | Dec 5, 2032 | Common Stock | 2,164 | — | D |
| Employee Stock Option (Right to Buy)F4 | $34.99 | holding | — | — | — | — | Feb 15, 2033 | Common Stock | 3,777 | — | D |
| Phantom Stock UnitsF5 | — | holding | — | — | — | — | — | Common Stock | 1,844 | — | D |
Explanation of responses
- F1Includes 8,985 restricted stock units ("RSUs") that vest on February 21, 2027, 8,974 RSUs that vest on February 19, 2028, 6,125 RSUs that vest on February 19, 2029, and 4,923 RSUs that vest on May 28, 2029.
- F2The option vested in three equal installments on February 16, 2023, 2024 and 2025.
- F3The option vested in full on December 5, 2025.
- F4The option vested in three equal installments on February 15, 2024, 2025 and 2026.
- F5Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock. Represents stock units held in the LNC Deferred Compensation and Supplemental/Excess Retirement Plan (the "DC SERP"). The reporting person may transfer his investment in the Phantom Stock account into an alternative investment option in the DC SERP at any time.