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LINCOLN NATIONAL CORP. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and LINCOLN NATIONAL CORP.’s Form 8-K, filed 2025-05-23 (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 23Reported items
  • 557Asset managers
  • 6,348Fund votes
  • 2025-05-22Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore LINCOLN NATIONAL CORP. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by LINCOLN NATIONAL CORP.

These tallies are LINCOLN NATIONAL CORP.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2025-05-23 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

LINCOLN NATIONAL CORP. — official shareholder meeting results, meeting held 2025-05-22
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Deirdre P. Connelly 113,232,7003,601,028518,901 --29,196,280 Majority: yes
Elect Director: Ellen G. Cooper 108,792,7978,360,942198,890 --29,196,280 Majority: yes
Elect Director: William H. Cunningham 109,938,0596,543,215871,355 --29,196,280 Majority: yes
Elect Director: Reginald E. Davis 115,374,4081,669,781308,440 --29,196,280 Majority: yes
Elect Director: Eric G. Johnson 112,094,1044,967,929290,596 --29,196,280 Majority: yes
Elect Director: Gary C. Kelly 112,140,9144,936,366275,349 --29,196,280 Majority: yes
Elect Director: M. Leanne Lachman 109,459,2717,446,019447,339 --29,196,280 Majority: yes
Elect Director: Dale LeFebvre 115,359,8711,635,786356,972 --29,196,280 Majority: yes
Elect Director: James Morris 115,249,5591,587,969515,101 --29,196,280 Majority: yes
Elect Director: Owen Ryan 114,814,1412,034,304504,184 --29,196,280 Majority: yes
Item 2. Ratification of Auditors The proposal to ratify the appointment of Ernst & Young LLP as the Company's independent auditor for 2025 was approved based on the following votes: 142,755,5143,480,266313,129 ---- Majority: yes
Item 4. Approval of Amendment to Lincoln National Corporation 2020 Incentive Compensation Plan The proposal to approve the Amendment to the 2020 Plan was approved based on the following votes: 81,079,55135,673,743599,335 --29,196,280 Majority: yes

Source: LINCOLN NATIONAL CORP., Form 8-K, filed with the SEC on 2025-05-23 — read the filing on EDGAR.

How asset managers voted at the LINCOLN NATIONAL CORP. 2024-2025 meeting

Each item below shows how the 557 asset managers that disclosed a LINCOLN NATIONAL CORP. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of LINCOLN NATIONAL CORP.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. The approval of an advisory resolution on the compensation of our named executive officers.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-22.

Combines 5 wordings of this item as funds reported it.

99% fund support · no official result

FOR 99%

The 521 asset managers below cast 99% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the company's reported shares outstanding.

FOR: 98.8%AGAINST: 1.1%ABSTAIN: 0.0%NOT VOTED: 0.0%
Largest asset managers voting on “The approval of an advisory resolution on the compensation of our named executive officers.” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cohen & Steers49,918,9470 00For
BlackRock17,435,886222 00For
Vanguard16,793,14815 20For
Morgan Stanley15,338,0563,031 00For
Advisor Managed Portfolios14,263,5720 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC14,248,5000 00For
JPMorgan10,172,5740 00For
State Street9,460,5340 00For
TOUCHSTONE STRATEGIC TRUST9,148,0080 00For
Wellington8,957,0000 00For
First Trust7,776,16615,270 00For
Invesco6,682,8220 00For
RBC Capital Markets, LLC6,561,8860 00For
Guggenheim5,284,9530 00For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/5,280,5160 00For
John Hancock4,160,1000 00For
Charles Schwab4,005,8130 00For
MFS3,842,5410 00For
Hartford3,006,0000 00For
Dimensional2,923,3960 00For
GEODE CAPITAL MANAGEMENT, LLC2,867,2640 00For
Fidelity2,665,4620 00For
Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC2,355,6000 00For
Northern Trust2,274,9220 00For
PRINCIPAL GLOBAL INVESTORS2,072,0690 00For

Showing the 25 largest of 521 asset managers. See all 521 in the interactive database.

2. THE APPROVAL OF AN AMENDMENT TO THE LINCOLN NATIONAL CORPORATION 2020 INCENTIVE COMPENSATION PLAN.

COMPENSATIONMajority of the votes cast: yes

Meeting held 2025-05-22.

Combines 6 wordings of this item as funds reported it.

69% Majority: yes · of votes cast

FOR 69%AGAINST 31%
FOR: 81,079,551AGAINST: 35,673,743

LINCOLN NATIONAL CORP.’s own tally for this item (“Item 4. Approval of Amendment to Lincoln National Corporation 2020 Incentive Compensation Plan The proposal to approve the Amendment to the 2020 Plan was approved based on the following votes:”): 81,079,551 for, 35,673,743 against, per its Form 8-K filed 2025-05-23 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 170,733,897 outstanding shares: 47.5% for, 21% against (68% of the company cast a for/against vote).

The 123 asset managers below cast 92% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 92%8%
FOR: 91.9%AGAINST: 8.0%ABSTAIN: 0.0%A: 0.0%
Largest asset managers voting on “THE APPROVAL OF AN AMENDMENT TO THE LINCOLN NATIONAL CORPORATION 2020 INCENTIVE COMPENSATION PLAN.” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cohen & Steers45,093,3480 00For
Vanguard16,759,19489 10For
Advisor Managed Portfolios13,926,950336,622 00For
BlackRock13,914,5910 00For
TOUCHSTONE STRATEGIC TRUST9,148,0080 00For
First Trust7,000,000776,166 00For
MFS3,842,5410 00For
State Street3,438,5402,956 00For
Hartford3,006,0000 00For
Fidelity2,625,5630 00For
Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC2,355,6000 00For
Dimensional02,227,374 00Against
Ultimus Managers Trust2,065,00074,850 00For
Charles Schwab1,905,4590 00For
HENNESSY FUNDS TRUST1,638,9000 00For
John Hancock01,318,983 00Against
Flaherty & Crumrine Dynamic Preferred & Income Fund Inc1,300,1000 00For
Principal01,032,867 00Against
Invesco919,2060 00For
WisdomTree0853,131 00Against
Guggenheim0754,953 00Against
Jackson National327,754411,310 00Against
SEI568,9660 00For
Global X556,2990 00For
FLAHERTY & CRUMRINE TOTAL RETURN FUND INC551,2000 00For

Showing the 25 largest of 123 asset managers. See all 123 in the interactive database.

3. THE RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2025.

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2025-05-22.

Combines 8 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 142,755,514AGAINST: 3,480,266

LINCOLN NATIONAL CORP.’s own tally for this item (“Item 2. Ratification of Auditors The proposal to ratify the appointment of Ernst & Young LLP as the Company's independent auditor for 2025 was approved based on the following votes:”): 142,755,514 for, 3,480,266 against, per its Form 8-K filed 2025-05-23 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 170,733,897 outstanding shares: 84% for, 2% against (86% of the company cast a for/against vote).

The 119 asset managers below cast 99.9% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 99.9%
FOR: 100.0%AGAINST: 0.0%ABSTAIN: 0.0%
Largest asset managers voting on “THE RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cohen & Steers45,093,3480 00For
Vanguard16,753,0036,281 00For
Advisor Managed Portfolios14,263,5720 00For
BlackRock13,914,5910 00For
TOUCHSTONE STRATEGIC TRUST9,148,0080 00For
First Trust7,776,1660 00For
MFS3,842,5410 00For
State Street3,441,291205 00For
Hartford3,006,0000 00For
Fidelity2,625,5630 00For
Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC2,355,6000 00For
Dimensional2,227,3740 00For
Ultimus Managers Trust2,139,8500 00For
Charles Schwab1,905,4590 00For
HENNESSY FUNDS TRUST1,638,9000 00For
John Hancock1,318,9830 00For
Flaherty & Crumrine Dynamic Preferred & Income Fund Inc1,300,1000 00For
Principal1,032,8670 00For
Invesco919,2060 00For
WisdomTree853,1310 00For
Guggenheim754,9530 00For
Jackson National739,0640 00For
SEI568,9660 00For
Global X556,2990 00For
FLAHERTY & CRUMRINE TOTAL RETURN FUND INC551,2000 00For

Showing the 25 largest of 119 asset managers. See all 119 in the interactive database.

4. The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: Dale LeFebvre

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-22.

Combines 4 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 115,359,871AGAINST: 1,635,786

LINCOLN NATIONAL CORP.’s own tally for this item (“Elect Director: Dale LeFebvre”): 115,359,871 for, 1,635,786 against, per its Form 8-K filed 2025-05-23 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 170,733,897 outstanding shares: 68% for, 1.0% against (69% of the company cast a for/against vote).

The 116 asset managers below cast 99.9% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 99.9%
FOR: 99.9%AGAINST: 0.0%ABSTAIN: 0.0%
Largest asset managers voting on “The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: Dale LeFebvre” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cohen & Steers45,093,3480 00For
Vanguard16,753,0086,276 10For
Advisor Managed Portfolios14,263,5720 00For
BlackRock13,914,5910 00For
TOUCHSTONE STRATEGIC TRUST9,148,0080 00For
First Trust7,776,1660 00For
MFS3,842,5410 00For
State Street3,441,4960 00For
Hartford3,006,0000 00For
Fidelity2,625,5630 00For
Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC2,355,6000 00For
Dimensional2,227,3740 00For
Ultimus Managers Trust2,065,0000 00For
Charles Schwab1,905,4590 00For
HENNESSY FUNDS TRUST1,638,9000 00For
John Hancock1,318,9830 00For
Flaherty & Crumrine Dynamic Preferred & Income Fund Inc1,300,1000 00For
Principal1,032,8670 00For
Invesco919,2060 00For
WisdomTree853,1310 00For
Guggenheim754,9530 00For
Jackson National739,0640 00For
SEI568,9660 00For
Global X556,2990 00For
FLAHERTY & CRUMRINE TOTAL RETURN FUND INC551,2000 00For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

5. The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: Ellen G. Cooper

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-22.

Combines 4 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%7%
FOR: 108,792,797AGAINST: 8,360,942

LINCOLN NATIONAL CORP.’s own tally for this item (“Elect Director: Ellen G. Cooper”): 108,792,797 for, 8,360,942 against, per its Form 8-K filed 2025-05-23 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 170,733,897 outstanding shares: 64% for, 5% against (69% of the company cast a for/against vote).

The 116 asset managers below cast 99.9% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 99.9%
FOR: 99.9%AGAINST: 0.1%ABSTAIN: 0.0%
Largest asset managers voting on “The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: Ellen G. Cooper” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cohen & Steers45,093,3480 00For
Vanguard16,759,26520 00For
Advisor Managed Portfolios14,263,5720 00For
BlackRock13,914,5910 00For
TOUCHSTONE STRATEGIC TRUST9,148,0080 00For
First Trust7,776,1660 00For
MFS3,842,5410 00For
State Street3,441,291205 00For
Hartford3,006,0000 00For
Fidelity2,625,5630 00For
Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC2,355,6000 00For
Dimensional2,227,3740 00For
Ultimus Managers Trust2,139,8500 00For
Charles Schwab1,905,4590 00For
HENNESSY FUNDS TRUST1,638,9000 00For
John Hancock1,318,9830 00For
Flaherty & Crumrine Dynamic Preferred & Income Fund Inc1,300,1000 00For
Principal1,032,8670 00For
Invesco919,2060 00For
WisdomTree853,1310 00For
Guggenheim754,9530 00For
Jackson National739,0640 00For
SEI568,9660 00For
Global X556,2990 00For
FLAHERTY & CRUMRINE TOTAL RETURN FUND INC551,2000 00For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

6. The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: Eric G. Johnson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-22.

Combines 4 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 112,094,104AGAINST: 4,967,929

LINCOLN NATIONAL CORP.’s own tally for this item (“Elect Director: Eric G. Johnson”): 112,094,104 for, 4,967,929 against, per its Form 8-K filed 2025-05-23 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 170,733,897 outstanding shares: 66% for, 3% against (69% of the company cast a for/against vote).

The 116 asset managers below cast 99.8% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 99.8%
FOR: 99.9%AGAINST: 0.1%ABSTAIN: 0.0%
Largest asset managers voting on “The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: Eric G. Johnson” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cohen & Steers45,093,3480 00For
Vanguard16,752,9996,285 10For
Advisor Managed Portfolios14,263,5720 00For
BlackRock13,914,5910 00For
TOUCHSTONE STRATEGIC TRUST9,148,0080 00For
First Trust7,776,1660 00For
MFS3,842,5410 00For
State Street3,441,291205 00For
Hartford3,006,0000 00For
Fidelity2,625,5630 00For
Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC2,355,6000 00For
Dimensional2,227,3740 00For
Ultimus Managers Trust2,139,8500 00For
Charles Schwab1,905,4590 00For
HENNESSY FUNDS TRUST1,638,9000 00For
John Hancock1,318,9830 00For
Flaherty & Crumrine Dynamic Preferred & Income Fund Inc1,300,1000 00For
Principal1,032,8670 00For
Invesco919,2060 00For
WisdomTree853,1310 00For
Guggenheim754,9530 00For
Jackson National739,0640 00For
SEI568,9660 00For
Global X556,2990 00For
FLAHERTY & CRUMRINE TOTAL RETURN FUND INC551,2000 00For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

7. The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: Gary C. Kelly

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-22.

Combines 4 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 112,140,914AGAINST: 4,936,366

LINCOLN NATIONAL CORP.’s own tally for this item (“Elect Director: Gary C. Kelly”): 112,140,914 for, 4,936,366 against, per its Form 8-K filed 2025-05-23 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 170,733,897 outstanding shares: 66% for, 3% against (69% of the company cast a for/against vote).

The 116 asset managers below cast 99.9% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 99.9%
FOR: 99.9%AGAINST: 0.1%ABSTAIN: 0.0%
Largest asset managers voting on “The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: Gary C. Kelly” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cohen & Steers45,093,3480 00For
Vanguard16,759,27410 00For
Advisor Managed Portfolios14,263,5720 00For
BlackRock13,914,5910 00For
TOUCHSTONE STRATEGIC TRUST9,148,0080 00For
First Trust7,776,1660 00For
MFS3,842,5410 00For
State Street3,441,291205 00For
Hartford3,006,0000 00For
Fidelity2,625,5630 00For
Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC2,355,6000 00For
Dimensional2,227,3740 00For
Ultimus Managers Trust2,139,8500 00For
Charles Schwab1,905,4590 00For
HENNESSY FUNDS TRUST1,638,9000 00For
John Hancock1,318,9830 00For
Flaherty & Crumrine Dynamic Preferred & Income Fund Inc1,300,1000 00For
Principal1,032,8670 00For
Invesco919,2060 00For
WisdomTree853,1310 00For
Guggenheim754,9530 00For
Jackson National739,0640 00For
SEI568,9660 00For
Global X556,2990 00For
FLAHERTY & CRUMRINE TOTAL RETURN FUND INC551,2000 00For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

8. The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: James Morris

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-22.

Combines 4 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 115,249,559AGAINST: 1,587,969

LINCOLN NATIONAL CORP.’s own tally for this item (“Elect Director: James Morris”): 115,249,559 for, 1,587,969 against, per its Form 8-K filed 2025-05-23 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 170,733,897 outstanding shares: 68% for, 1.0% against (68% of the company cast a for/against vote).

The 116 asset managers below cast 99.9% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 99.9%
FOR: 100.0%AGAINST: 0.0%ABSTAIN: 0.0%
Largest asset managers voting on “The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: James Morris” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cohen & Steers45,093,3480 00For
Vanguard16,759,2823 00For
Advisor Managed Portfolios14,263,5720 00For
BlackRock13,914,5910 00For
TOUCHSTONE STRATEGIC TRUST9,148,0080 00For
First Trust7,776,1660 00For
MFS3,842,5410 00For
State Street3,441,4960 00For
Hartford3,006,0000 00For
Fidelity2,625,5630 00For
Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC2,355,6000 00For
Dimensional2,227,3740 00For
Ultimus Managers Trust2,139,8500 00For
Charles Schwab1,905,4590 00For
HENNESSY FUNDS TRUST1,638,9000 00For
John Hancock1,318,9830 00For
Flaherty & Crumrine Dynamic Preferred & Income Fund Inc1,300,1000 00For
Principal1,032,8670 00For
Invesco919,2060 00For
WisdomTree853,1310 00For
Guggenheim754,9530 00For
Jackson National739,0640 00For
SEI568,9660 00For
Global X556,2990 00For
FLAHERTY & CRUMRINE TOTAL RETURN FUND INC551,2000 00For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

9. The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: M. Leanne Lachman

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-22.

Combines 4 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 109,459,271AGAINST: 7,446,019

LINCOLN NATIONAL CORP.’s own tally for this item (“Elect Director: M. Leanne Lachman”): 109,459,271 for, 7,446,019 against, per its Form 8-K filed 2025-05-23 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 170,733,897 outstanding shares: 64% for, 4% against (68% of the company cast a for/against vote).

The 116 asset managers below cast 99% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 99%
FOR: 98.9%AGAINST: 1.1%ABSTAIN: 0.0%
Largest asset managers voting on “The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: M. Leanne Lachman” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cohen & Steers45,093,3480 00For
Vanguard16,759,27312 00For
Advisor Managed Portfolios14,263,5720 00For
BlackRock13,914,5910 00For
TOUCHSTONE STRATEGIC TRUST9,148,0080 00For
First Trust7,776,1660 00For
MFS3,842,5410 00For
State Street3,441,291205 00For
Hartford3,006,0000 00For
Fidelity2,625,5630 00For
Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC2,355,6000 00For
Dimensional2,227,3740 00For
Ultimus Managers Trust2,139,8500 00For
Charles Schwab1,905,4590 00For
HENNESSY FUNDS TRUST1,638,9000 00For
John Hancock1,318,9830 00For
Flaherty & Crumrine Dynamic Preferred & Income Fund Inc1,300,1000 00For
Principal1,032,8670 00For
Invesco919,2060 00For
WisdomTree83,518769,613 00Against
Guggenheim754,9530 00For
Jackson National356,962382,102 00Against
SEI568,9660 00For
Global X556,2990 00For
FLAHERTY & CRUMRINE TOTAL RETURN FUND INC551,2000 00For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

10. The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: Owen Ryan

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-22.

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 114,814,141AGAINST: 2,034,304

LINCOLN NATIONAL CORP.’s own tally for this item (“Elect Director: Owen Ryan”): 114,814,141 for, 2,034,304 against, per its Form 8-K filed 2025-05-23 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 170,733,897 outstanding shares: 67% for, 1% against (68% of the company cast a for/against vote).

The 116 asset managers below cast 99.9% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 99.9%
FOR: 100.0%AGAINST: 0.0%ABSTAIN: 0.0%
Largest asset managers voting on “The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: Owen Ryan” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cohen & Steers45,093,3480 00For
Vanguard16,759,2813 00For
Advisor Managed Portfolios14,263,5720 00For
BlackRock13,914,5910 00For
TOUCHSTONE STRATEGIC TRUST9,148,0080 00For
First Trust7,776,1660 00For
MFS3,842,5410 00For
State Street3,441,4960 00For
Hartford3,006,0000 00For
Fidelity2,625,5630 00For
Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC2,355,6000 00For
Dimensional2,227,3740 00For
Ultimus Managers Trust2,139,8500 00For
Charles Schwab1,905,4590 00For
HENNESSY FUNDS TRUST1,638,9000 00For
John Hancock1,318,9830 00For
Flaherty & Crumrine Dynamic Preferred & Income Fund Inc1,300,1000 00For
Principal1,032,8670 00For
Invesco919,2060 00For
WisdomTree853,1310 00For
Guggenheim754,9530 00For
Jackson National739,0640 00For
SEI568,9660 00For
Global X556,2990 00For
FLAHERTY & CRUMRINE TOTAL RETURN FUND INC551,2000 00For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

11. The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: Reginald E. Davis

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-22.

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 115,374,408AGAINST: 1,669,781

LINCOLN NATIONAL CORP.’s own tally for this item (“Elect Director: Reginald E. Davis”): 115,374,408 for, 1,669,781 against, per its Form 8-K filed 2025-05-23 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 170,733,897 outstanding shares: 68% for, 1.0% against (69% of the company cast a for/against vote).

The 116 asset managers below cast 99.9% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 99.9%
FOR: 99.9%AGAINST: 0.0%ABSTAIN: 0.0%
Largest asset managers voting on “The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: Reginald E. Davis” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cohen & Steers45,093,3480 00For
Vanguard16,753,0086,276 10For
Advisor Managed Portfolios14,263,5720 00For
BlackRock13,914,5910 00For
TOUCHSTONE STRATEGIC TRUST9,148,0080 00For
First Trust7,776,1660 00For
MFS3,842,5410 00For
State Street3,441,4960 00For
Hartford3,006,0000 00For
Fidelity2,625,5630 00For
Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC2,355,6000 00For
Dimensional2,227,3740 00For
Ultimus Managers Trust2,139,8500 00For
Charles Schwab1,905,4590 00For
HENNESSY FUNDS TRUST1,638,9000 00For
John Hancock1,318,9830 00For
Flaherty & Crumrine Dynamic Preferred & Income Fund Inc1,300,1000 00For
Principal1,032,8670 00For
Invesco919,2060 00For
WisdomTree853,1310 00For
Guggenheim754,9530 00For
Jackson National739,0640 00For
SEI568,9660 00For
Global X556,2990 00For
FLAHERTY & CRUMRINE TOTAL RETURN FUND INC551,2000 00For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

12. The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: William H. Cunningham

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-22.

Combines 5 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 109,938,059AGAINST: 6,543,215

LINCOLN NATIONAL CORP.’s own tally for this item (“Elect Director: William H. Cunningham”): 109,938,059 for, 6,543,215 against, per its Form 8-K filed 2025-05-23 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 170,733,897 outstanding shares: 64% for, 4% against (68% of the company cast a for/against vote).

The 116 asset managers below cast 99.8% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 99.8%
FOR: 99.9%AGAINST: 0.1%ABSTAIN: 0.0%
Largest asset managers voting on “The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: William H. Cunningham” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cohen & Steers45,093,3480 00For
Vanguard16,752,9976,287 10For
Advisor Managed Portfolios14,263,5720 00For
BlackRock13,914,5910 00For
TOUCHSTONE STRATEGIC TRUST9,148,0080 00For
First Trust7,776,1660 00For
MFS3,842,5410 00For
State Street3,441,291205 00For
Hartford3,006,0000 00For
Fidelity2,625,5630 00For
Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC2,355,6000 00For
Dimensional2,227,3740 00For
Ultimus Managers Trust2,139,8500 00For
Charles Schwab1,905,4590 00For
HENNESSY FUNDS TRUST1,638,9000 00For
John Hancock1,318,9830 00For
Flaherty & Crumrine Dynamic Preferred & Income Fund Inc1,300,1000 00For
Principal1,032,8670 00For
Invesco919,2060 00For
WisdomTree853,1310 00For
Guggenheim754,9530 00For
Jackson National739,0640 00For
SEI568,9660 00For
Global X556,2990 00For
FLAHERTY & CRUMRINE TOTAL RETURN FUND INC551,2000 00For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

13. The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: Deirdre P. Connelly

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-22.

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 113,232,700AGAINST: 3,601,028

LINCOLN NATIONAL CORP.’s own tally for this item (“Elect Director: Deirdre P. Connelly”): 113,232,700 for, 3,601,028 against, per its Form 8-K filed 2025-05-23 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 170,733,897 outstanding shares: 66% for, 2% against (68% of the company cast a for/against vote).

The 115 asset managers below cast 98% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 98%
FOR: 97.8%AGAINST: 2.2%ABSTAIN: 0.0%
Largest asset managers voting on “The election of ten directors for a one-year term expiring at the 2026 Annual Meeting: Deirdre P. Connelly” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cohen & Steers45,093,3480 00For
Vanguard16,759,2778 10For
Advisor Managed Portfolios14,263,5720 00For
BlackRock13,914,5910 00For
TOUCHSTONE STRATEGIC TRUST9,148,0080 00For
First Trust7,776,1660 00For
MFS3,842,5410 00For
State Street3,441,4960 00For
Hartford03,006,000 00Against
Fidelity2,625,5630 00For
Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC2,355,6000 00For
Dimensional2,227,3740 00For
Ultimus Managers Trust2,139,8500 00For
Charles Schwab1,905,4590 00For
HENNESSY FUNDS TRUST1,638,9000 00For
John Hancock1,318,9830 00For
Flaherty & Crumrine Dynamic Preferred & Income Fund Inc1,300,1000 00For
Principal1,032,8670 00For
Invesco919,2060 00For
WisdomTree853,1310 00For
Guggenheim754,9530 00For
Jackson National739,0640 00For
SEI568,9660 00For
Global X556,2990 00For
FLAHERTY & CRUMRINE TOTAL RETURN FUND INC551,2000 00For

Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.

14. SHAREHOLDER PROPOSAL TO AMEND OUR GOVERNING DOCUMENTS TO PROVIDE FOR AN INDEPENDENT CHAIRMAN OF THE BOARD.

CORPORATE GOVERNANCE

Meeting held 2025-05-22.

Combines 3 wordings of this item as funds reported it.

27% fund support · no official result

FOR 27%AGAINST 73%

The 112 asset managers below cast 27% of the shares they voted on this item FOR (39,646,486 for, 107,105,049 against).

FOR: 39,646,486 (27.0%)AGAINST: 107,105,049 (73.0%)ABSTAIN: 7,012 (0.0%)
Largest asset managers voting on “SHAREHOLDER PROPOSAL TO AMEND OUR GOVERNING DOCUMENTS TO PROVIDE FOR AN INDEPENDENT CHAIRMAN OF THE BOARD.” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cohen & Steers045,093,348 00Against
Vanguard6,38516,752,898 10Against
Advisor Managed Portfolios14,263,5720 00For
BlackRock013,914,591 00Against
TOUCHSTONE STRATEGIC TRUST9,148,0080 00For
First Trust776,1667,000,000 00Against
MFS03,842,541 00Against
State Street2,9563,438,540 00Against
Hartford3,006,0000 00For
Fidelity96,7002,528,863 00Against
Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC02,355,600 00Against
Dimensional02,227,374 00Against
Ultimus Managers Trust2,065,0000 00For
Charles Schwab01,905,459 00Against
HENNESSY FUNDS TRUST01,638,900 00Against
John Hancock1,203,516115,467 00For
Flaherty & Crumrine Dynamic Preferred & Income Fund Inc01,300,100 00Against
Principal01,032,867 00Against
Invesco919,2060 00For
WisdomTree853,1310 00For
Guggenheim754,9530 00For
Jackson National382,102356,962 00For
SEI568,9660 00For
Global X556,2990 00For
FLAHERTY & CRUMRINE TOTAL RETURN FUND INC0551,200 00Against

Showing the 25 largest of 112 asset managers. See all 112 in the interactive database.

15. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-22.

99.7% fund support · no official result

FOR 99.7%

The 17 asset managers below cast 99.7% of the shares they voted on this item FOR (2,002,017 for, 4,431 against).

FOR: 2,002,017 (99.8%)AGAINST: 4,431 (0.2%)
Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
ALGEBRIS (UK) LTD709,7030 00For
JPMorgan708,4020 00For
Saba Capital Management, L.P.149,6250 00For
Empower147,2710 00For
HBK INVESTMENTS L P82,3320 00For
TD ASSET MANAGEMENT INC79,9660 00For
HC CAPITAL TRUST43,4760 00For
CLEARWATER INVESTMENT TRUST40,3080 00For
Eubel Brady & Suttman Mutual Fund Trust15,6730 00For
Triasima Portfolio Management inc.14,8390 00For
Colony Family Offices, LLC7,7260 00For
Athena Investment Management03,324 00Against
GuideStone1,2230 00For
Desjardins Global Asset Management Inc.01,107 00Against
Logan Stone Capital, LLC9440 00For
Convergence Investment Partners, LLC4390 00For
Balentine LLC900 00For

16. 14A Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-22.

99.9% fund support · no official result

FOR 99.9%

The 7 asset managers below cast 99.9% of the shares they voted on this item FOR (52,881,682 for, 2,663 against).

FOR: 52,881,682 (100.0%)AGAINST: 2,663 (0.0%)NOT VOTED: 7,463 (0.0%)
Largest asset managers voting on “14A Executive Compensation” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Bramshill Investments, LLC52,693,7750 00For
Interval Partners, LP103,9900 00For
James Alpha Funds Trust81,4590 00For
LEAVELL INVESTMENT MANAGEMENT, INC.00 00Not Voted
WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV02,626 00Against
Focus Partners Wealth2,44237 00For
VOISARD ASSET MANAGEMENT GROUP, INC.160 00For

17. Amend Omnibus Stock Plan

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-05-22.

69% Majority: yes · of votes cast

FOR 69%AGAINST 31%
FOR: 81,079,551AGAINST: 35,673,743

LINCOLN NATIONAL CORP.’s own tally for this item (“Item 4. Approval of Amendment to Lincoln National Corporation 2020 Incentive Compensation Plan The proposal to approve the Amendment to the 2020 Plan was approved based on the following votes:”): 81,079,551 for, 35,673,743 against, per its Form 8-K filed 2025-05-23 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 170,733,897 outstanding shares: 47.5% for, 21% against (68% of the company cast a for/against vote).

The 7 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 958,598 against).

AGAINST 100%
AGAINST: 958,598 (100.0%)
Largest asset managers voting on “Amend Omnibus Stock Plan” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
ALGEBRIS (UK) LTD0709,703 00Against
Empower0147,271 00Against
HC CAPITAL TRUST043,476 00Against
CLEARWATER INVESTMENT TRUST040,308 00Against
Eubel Brady & Suttman Mutual Fund Trust015,673 00Against
GuideStone01,223 00Against
Logan Stone Capital, LLC0944 00Against

18. Require Independent Board Chair

DIRECTOR ELECTIONS

Meeting held 2025-05-22.

96% fund support · no official result

FOR 96%

The 5 asset managers below cast 96% of the shares they voted on this item FOR (238,951 for, 9,000 against).

FOR: 238,951 (96.4%)AGAINST: 9,000 (3.6%)
Largest asset managers voting on “Require Independent Board Chair” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Empower138,2719,000 00For
HC CAPITAL TRUST43,4760 00For
CLEARWATER INVESTMENT TRUST40,3080 00For
Eubel Brady & Suttman Mutual Fund Trust15,6730 00For
GuideStone1,2230 00For

19. Election of Directors (Majority Voting)

DIRECTOR ELECTIONS

Meeting held 2025-05-22.

All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for it.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR.

FOR: 100.0%
Largest asset managers voting on “Election of Directors (Majority Voting)” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
James Alpha Funds Trust81,4590 00For
VOISARD ASSET MANAGEMENT GROUP, INC.160 00For

20. S/H Proposal - Establish Independent Chairman

SHAREHOLDER RIGHTS AND DEFENSES

Meeting held 2025-05-22.

0% fund support · no official result

AGAINST 100%

The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 81,475 against).

AGAINST: 81,475 (100.0%)
Largest asset managers voting on “S/H Proposal - Establish Independent Chairman” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
James Alpha Funds Trust081,459 00Against
VOISARD ASSET MANAGEMENT GROUP, INC.016 00Against

21. Approve an advisory resolution on the compensation of our named executive officers

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-22.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (965 for, 0 against).

FOR: 965 (100.0%)
Largest asset managers voting on “Approve an advisory resolution on the compensation of our named executive officers” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fiera Capital Corp9650 00For
IPConcept (Luxemburg) S.A.00 00--

22. Say on Pay

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-22.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (530 for, 0 against).

FOR: 530 (100.0%)
Largest asset managers voting on “Say on Pay” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Ramsay, Stattman, Vela & Price, Inc.4020 00For
Empower1280 00For

23. The approval of an advisory resolution on the compensation of our named executive officers

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-05-23 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

0% fund support · no official result

AGAINST 100%

The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 15,638 against).

AGAINST: 15,638 (100.0%)
Largest asset managers voting on “The approval of an advisory resolution on the compensation of our named executive officers” at LINCOLN NATIONAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
COLDSTREAM CAPITAL MANAGEMENT INC010,228 00Against
VAUGHAN DAVID INVESTMENTS LLC/IL05,410 00Against

Largest LINCOLN NATIONAL CORP. shareholders voting in 2024-2025

Ranked by the number of LINCOLN NATIONAL CORP. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 170,733,897 shares outstanding at the time of that meeting.

Top LINCOLN NATIONAL CORP. shareholders by shares voted, 2024-2025
#Asset manager % of shares outstanding
1Cohen & Steers 29.24%
2BlackRock 10.21%
3Vanguard 9.84%
4Morgan Stanley 8.99%
5Advisor Managed Portfolios 8.35%
6PARAMETRIC PORTFOLIO ASSOCIATES LLC 8.35%
7JPMorgan 5.96%
8State Street 5.54%
9TOUCHSTONE STRATEGIC TRUST 5.36%
10Wellington 5.25%

Reported LINCOLN NATIONAL CORP. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

LINCOLN NATIONAL CORP. beneficial owners on record for the 2024-2025 proxy season
Holder % outstanding Disclosure
Lincoln Financial Investments Corporation 11.69% 13D
Bain Capital Prairie, LLC 10.99% 13D
Vanguard Portfolio Management 6.13% 13G
Lincoln National Corporation 5.73% 13D
Vanguard Capital Management 5.61% 13G
Ellen G. Cooper 0.29% DEF14A
Christopher Neczypor 0.03% DEF14A
James Reid 0.03% DEF14A
Owen Ryan <0.01% DEF14A
William H. Cunningham <0.01% DEF14A

Percentages above are of 170,733,897 shares outstanding, as reported by LINCOLN NATIONAL CORP. on its Form 10-Q dated 2025-05-02 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from LINCOLN NATIONAL CORP.’s 10-Q dated 2025-05-02. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At LINCOLN NATIONAL CORP.'s shareholder meeting held 2025-05-22, in the 2024-2025 proxy season, 557 asset managers reported how they voted in their SEC Form N-PX filings, covering 6,348 separate fund positions. Their filings are grouped here into 23 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. LINCOLN NATIONAL CORP.'s own Form 8-K tally for this meeting is published below, but no row in it could be matched to the most widely held item, so this page states no certified outcome for that item. On that item — The approval of an advisory resolution on the compensation of our named executive officers. — the reporting funds cast 99% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

LINCOLN NATIONAL CORP. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.