---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-291112"
form_type: "8-K"
ticker: "LNC"
cik: "0000059558"
company_name: "LINCOLN NATIONAL CORP"
filed_at: "2022-11-22T23:59:59+00:00"
generated_at: "2026-06-21T14:25:46.694176+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lincoln National closes $1B preferred stock offering of Series C (9.25%) and Series D (9.00%) depositary shares

## Summary
- Issued 500,000 Series C depositary shares (9.25% fixed rate reset) and 20M Series D depositary shares (9.00% non-cumulative), totaling $1B liquidation preference.
- Common dividends and share repurchases restricted if preferred dividends not declared for the prior dividend period.
- Articles of amendment filed Nov 18, 2022 to establish Series C and Series D preferred stock terms; offering closed Nov 22, 2022.
- Offering made under existing shelf registration statement (Form S-3); proceeds not specified in filing.

## SEC filing metadata
- accession: 0001193125-22-291112
- form_type: 8-K
- ticker: LNC
- cik: 0000059558
- company_name: LINCOLN NATIONAL CORP
- filed_at: 2022-11-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59558/000119312522291112/0001193125-22-291112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59558/000119312522291112/d386745d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-291112
- JSON: https://secwatch.observer/filing/0001193125-22-291112.json
- Plain text: https://secwatch.observer/filing/0001193125-22-291112.txt

## Key facts
- Governance Changes
  LINCOLN NATIONAL CORP: Established the preferences, limitations and relative rights of the Series C Preferred Stock and Series D Preferred Stock via Articles of Amendment (effective 2022-11-18).
  - Change: charter amendment
  - Effective: 2022-11-18
  source text: On November 18, 2022, we filed Articles of Amendment with the Secretary of State of the State of Indiana to establish the preferences, limitations and relative rights of the Series C Preferred Stock and Series D Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/59558/000119312522291112/0001193125-22-291112-index.htm

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