Scott M. Shaw - Mar 2, 2023 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 2, 2023
Transactions value $
-$385,476
Form type
4
Date filed
3/6/2023, 02:54 PM
Previous filing
Feb 27, 2023
Next filing
Mar 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LINC Common Stock Tax liability -$310K -51.6K -4.46% $6.00 1.11M Mar 2, 2023 Direct F1
transaction LINC Common Stock Tax liability -$75.8K -12.6K -1.14% $6.00 1.09M Mar 2, 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.