4//SEC Filing
SHAW SCOTT M 4
Accession 0001567619-22-005622
CIK 0001286613other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 4:14 PM ET
Size
5.3 KB
Accession
0001567619-22-005622
Insider Transaction Report
Form 4
SHAW SCOTT M
Chief Administrative Officer
Transactions
- Award
Common Stock
2022-02-23+150,892→ 1,012,986 total
Footnotes (1)
- [F1]The reporting person was granted 150,892 shares of restricted common stock under the Lincoln Educational Services Corporation's 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 requiring the reporting person's achievement of metrics set by the registrant annually. In both cases, the shares will vest, if at all, in substantially equal annual tranches over three years beginning on March 15, 2023. With respect to the performance -based vesting, if an annual performance metrics are not met in a particular year, the shares may vest cumulatively based on the achievement of cumulative performance targets.
Documents
Issuer
LINCOLN EDUCATIONAL SERVICES CORP
CIK 0001286613
Entity typeother
Related Parties
1- filerCIK 0001330739
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 4:14 PM ET
- Size
- 5.3 KB