Stephen M. Buchenot - 02 Mar 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 Mar 2023
Net transactions value
-$192,972
Form type
4
Filing time
06 Mar 2023, 14:52:36 UTC
Previous filing
27 Feb 2023
Next filing
06 Jun 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 $171,216 -28,536 -8.8% $6.00 294,414 02 Mar 2023 Direct F1
transaction LINC Common Stock Tax liability $21,756 -3,626 -1.2% $6.00 290,788 02 Mar 2023 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 50% of the performance-based 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 time-based restricted stock previously granted by the Issuer on February 23, 2022.