Lincoln National Corporation filed a current report on August 10, 2026, disclosing the departure of its Chief Financial Officer and the appointment of an interim CFO, effective August 6, 2026.

Key Highlights

  • CFO departure: Christopher Neczypor, Executive Vice President and Chief Financial Officer, notified Lincoln National on August 6, 2026, of his intention to leave to pursue another employment opportunity outside of the company's industry.
  • Departure scope clarified: According to the filing, the departure "is not related to the Company's financial or operating results or to any disagreements with the Company, its management or its Board of Directors regarding the Company's financial, operational, accounting or reporting policies or practices."
  • Interim CFO named: Adam M. Cohen, age 41, was appointed Senior Vice President, Chief Accounting Officer and Treasurer, to serve as interim CFO effective immediately.
  • Interim base salary: Mr. Cohen will receive an annual base salary of $550,000 while serving as interim CFO, subject to Compensation Committee approval.
  • Incentive compensation: Mr. Cohen is set to receive a target AIP award of 300% of his base salary, pro-rated for 2026, and a target LTIP award of $1,600,000, also pro-rated for 2026, subject to Compensation Committee approval.
  • Retention grant: Mr. Cohen will receive a retention grant of $1,000,000 under the LTIP, subject to Compensation Committee approval.
  • Successor search underway: The company disclosed it is conducting a comprehensive search to identify Mr. Neczypor's successor.

Lincoln National Discloses CFO Transition and Interim Leadership Details

According to the filing, Christopher Neczypor informed Lincoln National Corporation (NYSE: LNC) on August 6, 2026, of his decision to leave the company. The filing states he will remain with the company through the end of August to assist with the transition. The company disclosed that his departure is unrelated to its financial or operating results or to any disagreements with management or the Board of Directors.

In connection with the departure, Lincoln National appointed Adam M. Cohen as interim CFO, effective immediately. The filing notes that Mr. Cohen joined the company in March 2022 and has served as Senior Vice President and Chief Accounting Officer since that time, adding the role of Treasurer in February 2024. Prior to joining Lincoln National, Mr. Cohen served since 2020 as Chief Financial Officer at Archwell Holdings, LLC, described in the filing as "a holding company with a portfolio of corporate services, technology, and consulting companies focused on the mortgage and finance industry."

The filing details Mr. Cohen's compensation as interim CFO, which includes an annual base salary of $550,000 and a target AIP award of 300% of base salary, pro-rated for 2026. He is also to receive a pro-rated target LTIP award of $1,600,000 and a $1,000,000 retention grant under the LTIP, all subject to approval by the Compensation Committee of the Lincoln National Board of Directors. The filing notes that the AIP and LTIP are established under the shareholder-approved 2020 Lincoln National Corporation Incentive Compensation Plan, and that any awards will be paid only upon the Committee's determination that threshold performance has been achieved.

What Was Disclosed

Lincoln National disclosed the departure of CFO Christopher Neczypor, the interim appointment of Adam M. Cohen, and the compensation terms for Mr. Cohen's interim role, including base salary, incentive targets, and a retention grant, all subject to Compensation Committee approval.