LINCOLN NATIONAL CORP — Director's Dealing 2021

Feb 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINCOLN NATIONAL CORP (LNC)
CIK: 0000059558
Period of Report: 2021-02-23

Reporting Person: Janofsky Christine A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-23	Common Stock	M	4000	$35.50	Acquired	14216.36	Direct
2021-02-23	Common Stock	S	7413	$56.25	Disposed	6803.36	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-23	Employee Stock Option (Right to Buy)	$35.50	M	4000	Disposed	2026-02-24	Common Stock (4000)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $56.23 to $56.29, inclusive. The reporting person undertakes to provide Lincoln National Corporation, any security holder of Lincoln National Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 1.

F2: The option vested in three equal installments on February 24, 2017, 2018 and 2019.