Scott M. Shaw - Mar 15, 2022 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 15, 2022
Transactions value $
-$280,466
Form type
4
Date filed
3/16/2022, 03:48 PM
Previous filing
Mar 1, 2022
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LINC Common Stock Tax liability -$190K -26K -2.59% $7.32 975K Mar 15, 2022 Direct F1
transaction LINC Common Stock Tax liability -$90.5K -12.4K -1.27% $7.32 963K Mar 15, 2022 Direct F2
* 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 30% of the shares of restricted stock previously granted by the Issuer on February 20, 2020.
F2 Consists of shares withheld by the Issuer with respect to income taxes payable by the Reporting Person upon the vesting and delivery of one-third of the shares of restricted stock previously granted by the Issuer on February 25, 2021.