Here we explore the disk-jet connection in the broad-line radio quasar 4C+74.26, utilizing the results of the multiwavelength monitoring of the source. The target is unique in that its radiative output at radio wavelengths is dominated by a moderately-beamed nuclear jet, at optical frequencies by the accretion disk, and in the hard X-ray range by the disk corona. Our analysis reveals a correlation (local and global significance of 96% and 98%, respectively) between the optical and radio bands, with the disk lagging behind the jet by 250 ± 42 days. We discuss the possible explanation for this, speculating that the observed disk and the jet flux changes are generated by magnetic fluctuations originating within the innermost parts of a truncated disk, and that the lag is related to a delayed radiative response of the disk when compared with the propagation timescale of magnetic perturbations along relativistic outflow. This scenario is supported by the re-analysis of the NuSTAR data, modelled in terms of a relativistic reflection from the disk illuminated by the coronal emission, which returns the inner disk radius R in /R ISCO = 35 +40 −16 . We discuss the global energetics in the system, arguing that while the accretion proceeds at the Eddington rate, with the accretion-related bolometric luminosity L bol ∼ 9 × 10 46 erg s −1 ∼ 0.2L Edd , the jet total kinetic energy L j ∼ 4 × 10 44 erg s −1 , inferred from the dynamical modelling of the giant radio lobes in the source, constitutes only a small fraction of the available accretion power.