---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-287810"
form_type: "8-K"
ticker: "LNC"
cik: "0000059558"
company_name: "LINCOLN NATIONAL CORP"
filed_at: "2022-11-17T23:59:59+00:00"
generated_at: "2026-06-21T16:58:05.670912+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lincoln National to issue $512.5M in preferred stock: 9.25% Series C and 9% Series D

## Summary
- Series C: 500,000 depositary shares, 9.25% fixed rate reset non-cumulative, $25 liquidation preference per depositary share.
- Series D: 20,000,000 depositary shares, 9.00% non-cumulative, $25 liquidation preference per depositary share.
- Total aggregate liquidation preference from both offerings approximately $512.5 million.
- Underwriters include BofA Securities, Goldman Sachs, J.P. Morgan, Morgan Stanley, Wells Fargo; expected close Nov 22, 2022.
- Each offering is independent; closings not conditioned on each other.

## SEC filing metadata
- accession: 0001193125-22-287810
- form_type: 8-K
- ticker: LNC
- cik: 0000059558
- company_name: LINCOLN NATIONAL CORP
- filed_at: 2022-11-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59558/000119312522287810/0001193125-22-287810-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59558/000119312522287810/d394597d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-287810
- JSON: https://secwatch.observer/filing/0001193125-22-287810.json
- Plain text: https://secwatch.observer/filing/0001193125-22-287810.txt

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