LINCOLN NATIONAL CORP (LNC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 12.15% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
190M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

LNC currently has 192M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 12.15% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 191.9M shares outstanding

190M 0
Oct 30, 2025

10-Q filing | 190.8M shares outstanding

190M 0
Jul 31, 2025

10-Q filing | 180.6M shares outstanding

180M 0
May 08, 2025

10-Q filing | 171.3M shares outstanding

170M 0
Apr 09, 2025

8-K filing: Lincoln National Corporation will sell 18,759,497 shares of common stock to Bain Capital Prairie, LLC for approximately $825 million in cash, representing approximately 9.9% of the outstanding Common Stock on a post-issuance basis. ($825.0M proceeds)

170M 0
Feb 21, 2025

10-K filing | 170.6M shares outstanding

170M 0
Oct 31, 2024

10-Q filing | 170.8M shares outstanding

170M 0
Aug 01, 2024

10-Q filing | 170.6M shares outstanding

170M 0
May 02, 2024

10-Q filing | 170.0M shares outstanding

170M 0
Feb 22, 2024

10-K filing | 169.6M shares outstanding

170M 0
Nov 02, 2023

10-Q filing | 169.6M shares outstanding

170M 0
Aug 03, 2023

10-Q filing | 169.6M shares outstanding

170M 0
May 10, 2023

10-Q filing | 169.4M shares outstanding

170M 0
Feb 16, 2023

10-K filing | 171.0M shares outstanding

170M 0
Nov 03, 2022

10-Q filing | 169.7M shares outstanding

170M 0
Aug 04, 2022

10-Q filing | 171.1M shares outstanding

170M 0
May 05, 2022

10-Q filing | 174.2M shares outstanding

170M 0
Feb 17, 2022

10-K filing | 187.4M shares outstanding

190M 0
Nov 04, 2021

10-Q filing | 187.3M shares outstanding

190M 0
Aug 05, 2021

10-Q filing | 190.0M shares outstanding

190M 0
May 06, 2021

10-Q filing | 191.8M shares outstanding

190M 0
Feb 18, 2021

10-K filing | 193.6M shares outstanding

190M 0
Nov 05, 2020

10-Q filing | 193.3M shares outstanding

190M 0
Aug 06, 2020

10-Q filing | 193.2M shares outstanding

190M 0
May 07, 2020

10-Q filing | 195.1M shares outstanding

200M 0
Feb 20, 2020

10-K filing | 200.6M shares outstanding

200M 0
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