Nyce Chad D 4
4 · LINCOLN EDUCATIONAL SERVICES CORP · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Lincoln (LINC) COO Chad Nyce Receives 32,145-Share Award
What Happened
Chad D. Nyce, Chief Operating Officer of Lincoln Educational Services Corp (LINC), was granted 32,145 shares of restricted common stock on February 19, 2026 (reported on Form 4). The award is reported as an acquisition/award (code A) at $0.00 — a grant of restricted stock rather than a cash purchase or sale.
Key Details
- Transaction date: 2026-02-19; Form 4 filed 2026-02-20 (timely filing).
- Shares granted: 32,145 restricted common shares; reported price $0.00 (no cash paid).
- Shares owned after the transaction: not specified in the filing.
- Vesting/footnote summary: 50% of the grant is time-based (vesting in substantially equal annual tranches over 3 years beginning March 1, 2027); 50% is performance-based (annual tranches over 3 years, vesting contingent on achievement of company-set metrics). Performance portion can pay out up to 200% of the reported performance-based shares if targets are exceeded.
- Transaction code: A = Award/Grant of restricted stock.
Context
This is a compensation grant (restricted stock subject to vesting), not an open-market purchase or sale, so it does not necessarily signal an immediate buying or selling sentiment. Performance-based shares may increase up to double the reported amount if targets are exceeded; time‑based shares do not vest until 2027 and thereafter.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-19+32,145→ 202,354 total
Footnotes (1)
- [F1]The reporting person was granted 32,145 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 vest, 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, 2027. 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.