---
schema_version: "secwatch.filing_event.v1"
accession: "0000059558-24-000051"
form_type: "8-K"
ticker: "LNC"
cik: "0000059558"
company_name: "LINCOLN NATIONAL CORP"
filed_at: "2024-08-26T23:59:59+00:00"
generated_at: "2026-05-31T07:45:39.658298+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lincoln National adds CEO to amended severance plan: 2x salary+bonus over 104 weeks

## Summary
- Compensation Committee amended Severance Plan on Aug 22, 2024 to include the CEO as a participant.
- CEO would receive 2x annual base salary plus target annual incentive bonus upon involuntary termination without cause.
- Severance amount paid in bi-weekly installments over 104 weeks; lump sum if change of control within 2 years.
- Plan otherwise unchanged from description in 2024 Proxy Statement; other immaterial revisions made.
- Effective date of amended plan is August 22, 2024; filed as Exhibit 10.1 to Form 8-K.

## SEC filing metadata
- accession: 0000059558-24-000051
- form_type: 8-K
- ticker: LNC
- cik: 0000059558
- company_name: LINCOLN NATIONAL CORP
- filed_at: 2024-08-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59558/000005955824000051/0000059558-24-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59558/000005955824000051/lnc-20240822.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059558-24-000051
- JSON: https://secwatch.observer/filing/0000059558-24-000051.json
- Plain text: https://secwatch.observer/filing/0000059558-24-000051.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.