Sec Form 3 Filing - Bronchetti Jayson R @ LINCOLN NATIONAL CORP - 2022-05-27

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Bronchetti Jayson R 2. Issuer Name and Ticker or Trading Symbol LINCOLN NATIONAL CORP [ LNC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EVP, Chief Investment Officer (Last) (First) (Middle) 150 N RADNOR CHESTER ROAD 3. Date of Earliest Transaction (MM/DD/YY) 05/27/2022 (Street) RADNOR, PA19087 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 10,519 D Common Stock 3,032.33( 1 ) I In 401(k)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Employee Stock Option (Right to Buy) $ 71.7 02/22/2018( 2 ) 02/22/2027 Common Stock 2,800 D Employee Stock Option (Right to Buy) $ 78.32 02/21/2019( 3 ) 02/21/2028 Common Stock 2,909 D Employee Stock Option (Right to Buy) $ 69.43 05/24/2019( 4 ) 05/24/2028 Common Stock 1,421 D Employee Stock Option (Right to Buy) $ 63.01 02/27/2020( 5 ) 02/27/2029 Common Stock 2,420 D Employee Stock Options (Right to Buy) $ 60.86 02/19/2021( 6 ) 02/19/2030 Common Stock 5,279 D Employee Stock Option (Right to Buy) $ 54.52 02/17/2022( 7 ) 02/17/2031 Common Stock 7,407 D Employee Stock Option (Right to Buy) $ 73.51 02/16/2023( 8 ) 02/16/2032 Common Stock 7,060 D Employee Stock Option (Right to Buy) $ 57.16 05/26/2023( 9 ) 05/26/2032 Common Stock 3,398 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Bronchetti Jayson R 150 N RADNOR CHESTER ROAD RADNOR, PA19087 EVP, Chief Investment Officer Signatures /s/ Claire H. Hanna 06/03/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents the number of shares of common stock beneficially owned through the Company's 401(k) Plan as of 5/27/2022. ( 2 )The option vested in three equal installments on February 22, 2018, 2019 and 2020. ( 3 )The option vested in three equal installments on February 21, 2019, 2020 and 2021. ( 4 )The option vested in three equal installments on May 24, 2019, 2020 and 2021. ( 5 )The option vested in three equal installments on February 27, 2020, 2021 and 2022. ( 6 )The option vests in three equal installments on February 19, 2021, 2022 and 2023. ( 7 )The option vests in three equal installments on February 17, 2022, 2023 and 2024. ( 8 )The option vests in three equal installments on February 16, 2023, 2024 and 2025. ( 9 )The option vests in three equal installments on May 26, 2023, 2024 and 2025.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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