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10-K primary document
LNC · Annual Report (Form 10-K) · Filed February 19, 2026

Lincoln National Corp — 10-K exhibit

exhibit104-lnc.htm
Lincoln National Corp on Boardroom Alpha
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EXHIBIT 10.4
 
NON-EMPLOYEE ANNUAL DIRECTOR FEES
(Effective January 1, 2026)
 
Lead Independent Director
Annual Retainer (Cash)
$120,000
Deferred LNC Stock Units
$240,000
Total Lead Independent Director Fees
$360,000
Non-Employee Directors other than
Lead Independent Director
Annual Retainer (Cash)
$120,000
Deferred LNC Stock Units*
$180,000
Total Board Fees
$300,000
Committees (Cash)
Audit Committee Chair
$35,000
Audit Committee Member
$10,000
Other Committee Chairs
$25,000

*
Deferred LNC Stock Units are “phantom” units of LNC Common Stock that are credited under the LNC Directors’ Deferred Compensation Plan.
All cash fees may be deferred, at a Director’s election, pursuant to the LNC Directors’ Deferred Compensation Plan.
 
Meeting fees may be paid in some cases for meetings which exceed the number of annually scheduled meetings ($1,100 per meeting) as determined by the Corporate Governance Committee.
 
All fees are paid to the directors on a quarterly basis in arrears and, for partial service during the year, fees are paid on a pro-rata basis.




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