Scott M. Shaw - Mar 1, 2024 Form 4 Insider Report for LINCOLN EDUCATIONAL SERVICES CORP (LINC)

Role
CEO, Director
Signature
/s/ Scott M Shaw
Stock symbol
LINC
Transactions as of
Mar 1, 2024
Transactions value $
-$997,510
Form type
4
Date filed
3/5/2024, 03:26 PM
Previous filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LINC Common Stock Tax liability -$291K -29.1K -2.53% $10.00 1.12M Mar 1, 2024 Direct F1
transaction LINC Common Stock Tax liability -$379K -37.9K -3.37% $10.00 1.09M Mar 1, 2024 Direct F2
transaction LINC Common Stock Tax liability -$327K -32.7K -3.01% $10.00 1.05M Mar 1, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 and delivery of the performance-based restricted stock granted by the Issuer on February 25, 2021.
F2 Consists of shares withheld by the Issuer with respect to income taxes payable by the Reporting Person upon the vesting and delivery of the performance-based shares and of the time-based shares of restricted stock previously granted by the Issuer on February 23, 2022.
F3 Consists of shares withheld by the Issuer with respect to income taxes payable by the Reporting Person upon the vesting and delivery of performance-based shares and time-based shares of restricted stock previously granted by the Issuer on February 23, 2023.