---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-23-002130"
form_type: "8-K"
ticker: "LNC"
cik: "0000059558"
company_name: "LINCOLN NATIONAL CORP"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:26:36.221136+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Lincoln National caps executive severance at 2.99x salary+bonus; sets CFO Neczypor's pay

## Summary
- Board adopted policy limiting new executive cash severance to 2.99x base salary plus target bonus without shareholder ratification.
- Policy also prohibits amending existing severance plans to increase benefits beyond that threshold without shareholder vote.
- New CFO Christopher Neczypor (effective Feb 17, 2023) gets $800k base salary, 134% target AIP, and $1.825M LTIP target.
- Neczypor remains eligible for existing severance plans (LNC CoC Plan and Officers' Severance Plan).

## SEC filing metadata
- accession: 0001564590-23-002130
- form_type: 8-K
- ticker: LNC
- cik: 0000059558
- company_name: LINCOLN NATIONAL CORP
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59558/000156459023002130/0001564590-23-002130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59558/000156459023002130/lnc-8k_20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-23-002130
- JSON: https://secwatch.observer/filing/0001564590-23-002130.json
- Plain text: https://secwatch.observer/filing/0001564590-23-002130.txt

## Key facts
- Executive change
  Christopher Neczypor was appointed as Chief Financial Officer at LINCOLN NATIONAL CORP.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On February 15, 2023, the Compensation Committee of the Board approved the compensation for the Company’s new Chief Financial Officer, Christopher Neczypor, who assumed the role effective February 17, 2023, as previously disclosed on a Current Report on Form 8-K filed by the Company on February 8, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/59558/000156459023002130/0001564590-23-002130-index.htm

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