Plater Michael A 4
4 · LINCOLN EDUCATIONAL SERVICES CORP · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Lincoln Educational (LINC) Director Michael Plater Sells 17,256 Shares
What Happened
Michael A. Plater, a director of Lincoln Educational Services Corp. (LINC), sold 17,256 shares in open‑market transactions on March 2, 2026. The reported weighted‑average price was $35.73 per share (range $35.30–$36.22), for total proceeds of approximately $616,557. The filing notes the sale was completed in connection with the reporting person’s financial planning needs.
Key Details
- Transaction date: March 2, 2026
- Transaction type/code: Open‑market sale (S)
- Shares sold: 17,256
- Price: Weighted average $35.73; individual trades ranged $35.30–$36.22 (report offers to provide per‑price breakdown on request)
- Total proceeds: ~$616,557
- Shares owned after transaction: Not disclosed in this Form 4
- Filing timeliness: Reported and filed on March 2, 2026 (appears timely)
- Footnotes: F1—sale for financial planning needs; F2—weighted average price with multiple trade prices in range
Context
This was a sale, not a purchase or option exercise. The filing indicates the disposition was for personal financial planning, which is a common, routine reason insiders sell shares and does not, by itself, indicate a change in company outlook. Purchases are generally more indicative of insider confidence; this Form 4 documents a routine director sale.
Insider Transaction Report
- Sale
Common Stock
[F2][F1]2026-03-02$35.73/sh−17,256$616,557→ 17,568 total
Footnotes (2)
- [F1]The Reporting Person's sale of shares was completed in connection with his financial planning needs
- [F2]The reported price is a weighted average price. The shares were sold on March 2, 2026 in multiple transactions on the open market at prices ranging from $35.30 to $36.22. The reporting person hereby undertakes to provide to the Issuer or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.