LINCOLN NATIONAL CORP — Director's Dealing 2021

May 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINCOLN NATIONAL CORP (LNC)
CIK: 0000059558
Period of Report: 2021-05-13

Reporting Person: Ohl Jamie (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-13	Phantom Stock Units	$	I	8011.66	Disposed		Common Stock (8011.66)	Direct

Footnotes

F1: Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock. Represents stock units held in the LNC DC SERP. The reporting person may transfer her Phantom Stock account into an alternative investment account at any time.

F2: Includes 693.75 stock units acquired through dividend reinvestment since the reporting person's last report.