secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN NATIONAL CORP (LNC)
CIK:        0000059558
Form:       8-K
Filed at:   2024-08-26T23:59:59+00:00
Accession:  0000059558-24-000051
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59558/000005955824000051/0000059558-24-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59558/000005955824000051/lnc-20240822.htm
  HTML page:      https://secwatch.observer/filing/0000059558-24-000051

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