4//SEC Filing
Meyers Brian K 4
Accession 0001286613-25-000024
CIK 0001286613other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 9:36 PM ET
Size
7.4 KB
Accession
0001286613-25-000024
Insider Transaction Report
Form 4
Meyers Brian K
CFO and Treasurer
Transactions
- Award
Common Stock
2025-02-19+19,466→ 229,040 total - Award
Common Stock
2025-02-19+36,151→ 209,574 total
Footnotes (2)
- [F1]The reporting person was granted 36,151 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.
- [F2]The reporting person was granted 19,466 shares of restricted common stock under the Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan. One-hundred percent of the grant is subject to performance-based vesting under which the shares will vest, if at all, upon the Company's achievement of metrics set by the registrant for 2027. The shares will vest, if at all, on March 1, 2028 with the number of shares vesting being determined by reference to the percentage of the target achieved. The number of shares reported above is the maximum number of shares that may become vested.
Documents
Issuer
LINCOLN EDUCATIONAL SERVICES CORP
CIK 0001286613
Entity typeother
Related Parties
1- filerCIK 0001629974
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 9:36 PM ET
- Size
- 7.4 KB