Stephen M. Buchenot - 02 Jun 2023 Form 4 Insider Report for LINCOLN EDUCATIONAL SERVICES CORP (LINC)

Role
EVP of Campus Operations
Signature
/s/ Stephen M Buchenot
Issuer symbol
LINC
Transactions as of
02 Jun 2023
Net transactions value
-$275,310
Form type
4
Filing time
06 Jun 2023, 15:10:20 UTC
Previous filing
06 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LINC Common Stock Tax liability $275,310 -39,670 -14% $6.94 251,118 02 Jun 2023 Direct F1
transaction LINC Common Stock Disposed to Issuer $0 -37,941 -15% $0.000000 213,177 02 Jun 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Stephen M. Buchenot is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Consists of shares withheld by the Issuer with respect to income taxes payable by the Reporting Person upon the vesting of restricted stock.
F2 Represents the cancellation of previously granted restricted stock upon the reporting person's retirement in accordance with the terms of the reporting person's stock grant agreement.