Ace Stephen E 4

4 · LINCOLN EDUCATIONAL SERVICES CORP · Filed Feb 20, 2026

AI-generated summary of this filing

Updated Feb 20, 2026

Lincoln Educational (LINC) SVP Stephen E. Ace Receives Award

What Happened

Stephen E. Ace, SVP and Chief Human Resources of Lincoln Educational Services Corp (LINC), was granted 4,821 shares of restricted common stock on 2026-02-19. The reported acquisition price is $0.00 (award/grant), so no cash was paid by the insider. This is an equity award (not an open‑market purchase or sale).

Key Details

Transaction date: 2026-02-19; Form 4 filed: 2026-02-20 (timely filing).
Grant size: 4,821 restricted shares; reported price: $0.00; total reported cost to insider: $0.
Plan: Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan.
Vesting structure (per filing footnote):
- 50% subject to time‑based vesting: vest in substantially equal annual tranches over 3 years beginning March 1, 2027.
- 50% subject to performance‑based vesting: vests (if at all) based on achievement of company metrics, in annual tranches over 3 years; performance portion may result in up to 200% of the performance‑based shares if targets are exceeded.
Shares owned after the transaction: not specified in the summary provided (see the filing for post‑transaction holdings).
No 10b5‑1 plan, tax withholding, or sale reported in this transaction (award only).

Context

This is a standard long‑term incentive award intended for retention and performance alignment. Because the shares are restricted and vest over time and/or contingent on performance, they are not an immediate sale or purchase signal. Retail investors should view this as compensation-related equity awarded to management rather than a direct market purchase.

Form 4

Period: 2026-02-19

SVP and Chief Human Resources

Transactions

Footnotes (1)

[F1]The reporting person was granted 4,821 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.

Signature

/s/Stephen E. Ace|2026-02-20

1 file