Lincoln National (LNC) Form 3 LINCOLN NATIONAL / Brian Kroll ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Kroll Brian

(Last) (First) (Middle)

150 N. RADNOR CHESTER ROAD

(Street)

RADNOR PA 19087

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/16/2024

3. Issuer Name and Ticker or Trading Symbol
LINCOLN NATIONAL CORP [ LNC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP, Head of Life and Anns

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	10,075	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	(1)	02/24/2026	Common Stock	6,780	35.5	D
Employee Stock Option (Right to Buy)	(2)	02/22/2027	Common Stock	3,425	71.7	D
Employee Stock Option (Right to Buy)	(3)	08/01/2027	Common Stock	3,558	78.32	D
Employee Stock Option (Right to Buy)	(4)	08/01/2027	Common Stock	5,259	63.01	D
Employee Stock Option (Right to Buy)	(5)	08/01/2027	Common Stock	4,639	60.86	D
Employee Stock Option (Right to Buy)	(5)	08/01/2027	Common Stock	2,058	54.52	D
Employee Stock Option (Right to Buy)	(5)	08/01/2027	Common Stock	325	73.51	D
Phantom Stock Units	(6)	(6)	Common Stock	14,161.11	(6)	D

Explanation of Responses:

1. This option was fully vested as of February 24, 2019.

2. This option was fully vested as of February 22, 2020.

3. This option was fully vested as of February 21, 2021.

4. This option was fully vested as of February 27, 2022.

5. This option was fully vested as of August 1, 2022.

6. 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 his Phantom Stock account into an alternative investment account at any time.

Remarks:

	/s/ Claire H. Hanna, Attorney-in-Fact	05/20/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.