LINCOLN NATIONAL CORP
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
(c) The following summarizes purchases of equity securities by the Company during the quarter ended March 31, 2024 (dollars in millions, except per share data):
| (c) Total Number · (d) Approximate Dollar | ||||
|---|---|---|---|---|
| (a) Total · of Shares · Value of Shares | ||||
| Number | (b) Average | Purchased as Part of | that May Yet Be | |
| of Shares | Price Paid | Publicly Announced | Purchased Under the | |
| Period | Purchased | per Share | Plans or Programs (1) | Plans or Programs (1) |
| 1/1/24 – 1/31/24 | - | $– | - | $714 |
| 2/1/24 – 2/29/24 | - | - | - | 714 |
| 3/1/24 – 3/31/24 | - | - | - | 714 |
(1) On November 10, 2021, our Board of Directors authorized an increase in our securities repurchase authorization, bringing the total aggregate repurchase authorization to $1.5 billion. As of March 31, 2024, our remaining security repurchase authorization was $714 million. The security repurchase authorization does not have an expiration date. The amount and timing of share repurchases depends on key capital ratios, rating agency expectations, the generation of free cash flow and an evaluation of the costs and benefits associated with alternative uses of capital. Our stock repurchases may be effected from time to time through open market purchases or in privately negotiated transactions and may be made pursuant to an accelerated share repurchase agreement or Rule 10b5-1 plan.
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