Nyce Chad D 4
Research Summary
AI-generated summary
Lincoln Educational (LINC) COO Chad Nyce Sells 8,450 Shares
What Happened
Chad D. Nyce, Chief Operating Officer of Lincoln Educational Services Corp (LINC), reported the sale of 8,450 shares in open-market transactions on March 10, 2026. The reported weighted-average sale price was $36.50 per share, for aggregate proceeds of $308,425. This transaction is a sale (not a purchase or option exercise) and is described in the filing as made to satisfy the reporting person’s financial planning needs.
Key Details
- Transaction date: March 10, 2026 (reported on Form 4 filed March 12, 2026) — filing appears timely (within the two-business-day window).
- Transaction type and code: Open-market sale (Code S).
- Shares sold: 8,450 shares; Weighted-average price: $36.50; Total value: $308,425.
- Price range: sales occurred in multiple trades at prices from $36.45 to $36.54 (footnote); the filer can provide a per-trade breakdown on request.
- Reason given: sale completed in connection with the reporting person’s financial planning needs (footnote).
- Shares owned after transaction: not specified in the provided filing details.
Context
- Sales by executives are common for liquidity or planning reasons and do not by themselves indicate a change in company fundamentals. The filing includes an explicit statement linking the sale to financial planning.
- No derivative activity, option exercises, or gifts are reported in this transaction.