4//SEC Filing
Ace Stephen E 4
Accession 0001286613-25-000020
CIK 0001286613other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 9:12 PM ET
Size
5.4 KB
Accession
0001286613-25-000020
Insider Transaction Report
Form 4
Ace Stephen E
SVP and Chief Human Resources
Transactions
- Award
Common Stock
2025-02-19+6,952→ 155,405 total
Footnotes (1)
- [F1]The reporting person was granted 6,952 shares of restricted common stock under the Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan. Fifty percent of the grant is subject to time-based vesting while the remaining fifty percent of the grant is subject to performance-based vesting. The shares of restricted common stock subject to performance based vesting will best, if at all, upon the Company's achievement of metrics set by the registrant and may result in additional shares being issued up to a maximum of 200% of the performance-based shares reported above if the target set is exceeded. As to the time-based shares, the shares will vest, if at all, in substantially equal annual tranches over three years beginning on March 1, 2026. Similarly, as to the performance-based shares, the shares will vest, if at all, in annual tranches over three years with the number of shares vesting being determined based on the percentage of the target achieved.
Documents
Issuer
LINCOLN EDUCATIONAL SERVICES CORP
CIK 0001286613
Entity typeother
Related Parties
1- filerCIK 0001699911
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 9:12 PM ET
- Size
- 5.4 KB