Company Analysis

Lincoln National Corp. (LNC)

NYSE: LNC · Life Insurance · Radnor, PA · filing with the SEC since 1994
Grade3.2
◀ Past 2.6● Present 3.8▶ Future 3.2

Who owns Lincoln National Corp.

As filed with the SEC
Holders of 5% or more
3
Bain Capital Prairie, LLC holds 9.8% of Common Stock, as its SCHEDULE 13D/A filed Aug 12, 2026 says.
Directors and officers
24
report now, of 48 people on the record since 2006. Their holdings as a group are not read here.
Institutions as a whole
n/a
The record does not read the share held by managers that file Form 13F, so none is printed and no split of the rest is estimated. What it holds is the 3 named at left.
Holders of 5% or moreshare of the class, as filed
Bain Capital Prairie, LLC
SCHEDULE 13D/A · filed Aug 12, 2026 · Common Stock · 9.9% in Jun 12, 2025
9.8%
Vanguard Portfolio Management
5.5%
Vanguard Capital Management
5.04%
Blackrock, Inc.
SCHEDULE 13G/A · filed Oct 27, 2026 · Series D Preferred Stock · reported falling below 5%, from 6.2% in Aug 21, 2026
under 5%
The Vanguard Group
SCHEDULE 13G/A · filed Mar 27, 2026 · Common Stock · reported falling below 5%, from 10.4% in Jan 30, 2026
under 5%
What LNC reports owning in othersstakes of 5% or more, and other ties
Lincoln Partners Group Royalty Fund
SCHEDULE 13D · filed Apr 20, 2026 · Class I, Class A, Class D and Class IS shares of beneficial interest, no par value per share
80.9%
Lincoln Bain Capital Total Credit Fund
SCHEDULE 13D/A · filed May 18, 2026 · Class I, Class A, Class D and Class IS shares of beneficial interest, no par value per share
17.2%
Other ties the annual report names
The Lincoln National Life Insurance Company
An entity · legal entity · owns, named in the 10-K filed Feb 19, 2026
Reinsurance-Related Notes, December 31 2022
An investee · investee · invested in, named in the 10-K filed Feb 19, 2026
Reinsurance-Related Notes, Novemebr 1 2019
An investee · investee · invested in, named in the 10-K filed Feb 19, 2026
Reinsurance-Related Notes, September 30 2014
An investee · investee · invested in, named in the 10-K filed Feb 19, 2026
Reinsurance-Related Notes, September 30 2021
An investee · investee · invested in, named in the 10-K filed Feb 19, 2026

25 subsidiaries in 4 countries, from the list filed with the 10-K filed Feb 19, 2026. Its Form 13F-HR for Jun 30, 2026 lists 20 holdings. The record carries no value for them.

Insider tradesForm 4
11sales
2purchases
0sales on a scheduled plan
5people selling
$7.2Msold, in dollars
$100,000bought, in dollars
Open-market trades on Form 4 from Nov 10, 2025 to Nov 10, 2026. A scheduled plan is a selling program set in advance under SEC rule 10b5-1. The trades are listed as filed and do not feed the grade.
By calendar yearSoldBought
17181920212223242526
2026 runs to Nov 10, 2026. Dollars as filed, summed by the transaction date.
People who traded in the window7 of 48 on the roster
PersonRole as filedSalesSoldOn a planBuysBought
Woodroffe SeanEVP, Ch Ppl Comms Ent Srvc Off5$2.7M00$0
Reid James WaltmanEVP, Pres. Workplace Solutions2$2.2M00$0
Beazer Craigt TEVP, GC & Chief Gov Officer2$1.8M00$0
Kelly Gary Cdirector1$400,00000$0
Kennedy John ChristopherEVP, Chief Dist. & Brand Off1$200,00000$0
Charters JenniferEVP, Chief Information Officer0$001$0
Ryan Owendirector0$001$100,000
SI Assistanton LNC · research, not advice