Scott M. Shaw - 15 Mar 2022 Form 4 Insider Report for LINCOLN EDUCATIONAL SERVICES CORP (LINC)

Role
CEO, Director
Signature
/s/ Scott M. Shaw
Issuer symbol
LINC
Transactions as of
15 Mar 2022
Net transactions value
-$280,466
Form type
4
Filing time
16 Mar 2022, 15:48:05 UTC
Previous filing
01 Mar 2022
Next filing
27 Feb 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 $189,954 -25,950 -2.6% $7.32 975,147 15 Mar 2022 Direct F1
transaction LINC Common Stock Tax liability $90,512 -12,365 -1.3% $7.32 962,782 15 Mar 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.