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AI brief of an SEC Form 8-K · Lincoln Financial (LNC)

Lincoln National amends officer severance plan to add CEO as participant

Neutral Impact 2 of 5 leadership Written later

Lincoln National's Compensation Committee adopted an amended Severance Plan for Officers on August 22, 2024, adding the chief executive officer as a participant. If the CEO is involuntarily terminated other than for cause, the CEO would receive two times annual base salary plus target annual bonus, paid over 104 weeks. The filing describes this as a compensation change with no financial results or operating events reported.

Key points

  • Plan amended and restated effective August 22, 2024, adding the CEO as a participating officer
  • Severance equals two times the CEO's annual base salary plus target annual incentive bonus, paid over 104 weeks
  • Other plan terms, as described in the April 11, 2024 proxy statement, remain unchanged; the full plan is filed as Exhibit 10.1

The filing

CompanyLincoln Financial (LNC)
Form8-K, current report
Filed with the SECAug 26, 2024, 4:40 PM ET
Accession number0000059558-24-000051

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 26, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.