December 29, 2023 · Form 4 insider transaction
CUNNINGHAM WILLIAM H DR bought 2,085.65 shares of Lincoln National Corporation at $26.97 per share, a transaction worth $56.2K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 5 days after the transaction.
Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock.; Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.; Reflects a correction to the number of shares reported as acquired through dividend reinvestment in certain prior periods, which due to an administrative error had been overstated by 2,135.20 shares in the aggregate, and includes 3,201.54 shares acquired through dividend reinvestment since the reporting person's last report.