Plater Michael A 4
Research Summary
AI-generated summary
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.