LINCOLN NATIONAL CORP — Director's Dealing 2021

May 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINCOLN NATIONAL CORP (LNC)
CIK: 0000059558
Period of Report: 2021-05-19

Reporting Person: PITTARD PATRICK S (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-19	Phantom Stock Units	$	I	10771.22	Disposed		Common Stock (10771.22)	Direct

Footnotes

F1: Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock. Represents stock units held in the LNC Deferred Compensation Plan for Non-employee Directors that may be settled in Common Stock only. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F2: Includes 128.35 shares acquired through dividend reinvestment since the reporting person's last report.