Ellen G. Cooper

President, CEO, and Director at LINCOLN NATIONAL

Board

Since May 2022

Age

60 years

Tenure

Started at LNC in August 2012 as Executive Vice President and Chief Investment Officer, promoted to President, CEO, and Director in May 2022, and later appointed as Chairman in May 2023.

Also at LINCOLN NATIONAL

ADR

Andrew D. Rallis

EVP and Chief Risk Officer

Christopher Neczypor

EVP and Chief Financial Officer (CFO)

James Reid

EVP and President, Workplace Solutions

About

Ellen G. Cooper is a seasoned executive with over a decade at LNC, having joined the company in August 2012 as Executive Vice President and Chief Investment Officer. She has played pivotal roles in shaping risk management, investment strategies, and annuity solutions during her tenure, demonstrating her extensive expertise in the insurance industry.

Over the years, she has been instrumental in driving strategic initiatives and managing diverse portfolios, which culminated in her promotion to President, CEO, and Director in May 2022. Her subsequent appointment as Chairman in May 2023 further highlights her leadership and commitment to the company’s growth.

While detailed personal background and educational history are not provided in the available documents, her professional record reflects a deep commitment to excellence and a broad impact on both the company and the broader insurance industry. Her career trajectory demonstrates her ability to lead complex organizations and drive transformative change in a competitive financial landscape.

$LNC Performance Under Ellen G. Cooper

Past Roles

Organization	Role	Date Range	Details
Lincoln National Corporation (LNC)	Head of Enterprise Risk	2019 - May 2022	Former role held prior to current leadership; role concluded with transition to President/CEO
Lincoln National Corporation (LNC)	Head of Annuity Solutions Group	March 2021 - May 2022	Former concurrent role held before assuming current responsibilities
Lincoln National Corporation (LNC)	Executive Vice President and Chief Investment Officer	August 2012 - November 2021	Former role held before promotion to President/CEO
Lincoln National Corporation (LNC)	Chair, Lincoln Variable Insurance Products Trust Board	2015 - 2021	Oversaw sponsored mutual funds offered in variable insurance products

External Roles

Organization	Role	Date Range	Details
American Council of Life Insurers (ACLI)	Co-chair, Steering Committee on Prudential Issues	N/A	Current active role
American Council of Life Insurers (ACLI)	Member, Executive Committee and Board of Directors	N/A	Current active role
Alliance for Lifetime Income	Board Member	N/A	Current active role

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,145,000	2023	Fixed base salary for 2023
401(k) Match and Core Contributions	$32,000	2023	Provided as company match and core contributions
Additional Company Contributions into Deferred Compensation Plan	$371,555	2023	Includes Special Executive Credit & Excess Match/Core Contributions

Performance Compensation

Data from FY 2023

Annual Incentive Program (AIP) for 2023

Component	Threshold	Target	Maximum	Additional Details
Payout Opportunity (Dollar Amount)	$25,767	$2,863,000	$5,726,000	Payout contingent on meeting minimum performance thresholds; capped at the maximum payout
Performance Metrics	N/A	N/A	N/A	Metrics include Income from Operations per Share, Controllable Costs, Business Unit Sales & Capital Usage, Actions to Improve Distributable Earnings, and Strategic Priorities; specific weightings and numerical targets not disclosed
Evaluation Period & Certification	N/A	N/A	N/A	Performance for 2023 is evaluated over the year and certified by the Compensation Committee in Q1 2024

Note: All amounts are in USD and pertain to the 2023 performance period.