Lincoln National CEO’s Pay Package Up To $6.8 Million Last Year

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Lincoln National Corp. CEO Dennis R. Glass had a pay package last year that was up 11 percent from 2011, according to documents filed Friday with the U.S. Securities and Exchange Commission.

Glass was compensated $6.8 million, not including stock-and-option awards worth $6.3 million which will provide value in the future and depend on the company’s performance.

The chief executive’s pay package includes a $1.08 million salary, $3.1 million in non-equity incentive pay, $2 million in value realized on stock vested and $671,779 in “other compensation.” Separately, the value of his pension increased by $173,443 last year.

In 2011, Glass was compensated $6.15 million.

Chief Financial Officer RandalÖ J. Freitag was compensated $1.7 million, not including $1.34 million in stock-and-option awards that will provide value in the future and depend on the company’s performance.

General Counsel Adam G. Ciongoli was compensated $2.6 million, not including $2.4 million in stock-and-option awards that will provide value in the future and depend on the company’s performance.

The vice chairman of Lincoln Financial Network, Robert W. Dineen, had a pay package of $3.56 million, not including $1 million in stock-and-option awards that will provide value in the future and depend on the company’s performance.

The president of Insurance Solutions and Annuities, Mark E. Konen, was compensated $3.89 million, not including $1.57 million in stock-and-option awards that will provide value in the future and depend on the company’s performance.

About Matthew Sturdevant

Full-time staff journalist at The Hartford Courant and magazine freelancer with a master's degree in writing from Dartmouth. My work has appeared in The Los Angeles Times, The Chicago Tribune, Taiwan News, The Baltimore Sun and many other news sources. My blog has been referenced by Politico.com, the Kaiser Family Foundation, the Georgetown Law Library and a number of organizations in healthcare and business. Sturdevant’s blog is "a well-written wealth of ideas," said The Donald W. Reynolds National Center for Business Journalism, (businessjournalism.org, May 18, 2011). I have experience writing for newspapers, magazines, Web sites and blogs as well as shooting and editing video. I made regular appearances on news-talk radio and on the NBC affiliate station in Corpus Christi, Texas. I made occasional appearances on the Fox affiliate in Connecticut promoting Hartford Courant articles.

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