Lincoln National (LNC) Proxy Filing summary

Executive summary

• Annual meeting scheduled for May 22, 2025, with virtual attendance available for shareholders.

• Shareholders are encouraged to review proxy materials and vote by May 21, 2025, or May 19, 2025, for plan shares.

Voting matters and shareholder proposals

• Election of ten directors for a one-year term expiring at the 2026 annual meeting, with board recommending all nominees.

• Ratification of Ernst & Young LLP as the independent registered public accounting firm for 2025.

• Advisory vote on executive compensation (say-on-pay) recommended for approval.

• Approval sought for an amendment to the 2020 Incentive Compensation Plan.

• Shareholder proposal to require an independent chairman of the board, with board recommending against.

Board of directors and corporate governance

• Ten director nominees listed for election to serve one-year terms.

• Board recommends all director nominees for election.