It's also that when you move to being a leader, you suddenly have to learn to quantify and measure your productivity in a different way, which for a while can really do a number on your self-image.
What does it mean to be a productive developer in an AI tooling age? We don't quite know yet and it's also shifting all the time, so it becomes difficult to sort yourself into the range stably. For a lot of accomplished folks this is the first time they've felt that level of insecurity in a while, and it takes some getting used to.