Lincoln National Corp. CEO Dennis Glass Paid $9.65 Million Last Year, Up 41 Percent

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Dennis R. Glass, CEO of Lincoln National Corp., received a $9.65 million pay package last year, up 41 percent from his $6.85 million compensation in 2012, according to documents filed Friday with the U.S. Securities and Exchange Commission.

Lincoln National Corp. is marketed to customers as Lincoln Financial Group.

The 2013 compensation for Glass includes a $1.1 million salary, $4 million in non-equity pay, $739,083 in “other compensation,” $495,481 from exercising options, and $3.3 million in stock vested. Separately, he received stock-and-option awards valued at $6.34 million when they were distributed last year. The ultimate value of the stock-and-option awards depends on the company’s performance in the future.

Chief Financial Officer Randal J. Freitag received a pay package worth $1.97 million last year, not including stock-and-option awards valued at $1.34 million.

Charles C. Cornelio, president of Retirement Plan Services, received $2.86 million last year, not including stock-and-option awards valued at $1.06 million.

Wilford H. Fuller, president of Lincoln Financial Group Distribution, received $3.83 million last year, not including $1.18 million in stock-and-option awards.

Mark E. Konen, president of Insurance and Retirement Solutions, received $3.56 million, not including $1.58 million in stock-and-option awards.

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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