Lincoln Educational (LINC) director awarded $110,000 in restricted stock

Rhea-AI Filing Summary

BURKE JAMES J JR reported acquisition or exercise transactions in this Form 4 filing.

LINCOLN EDUCATIONAL SERVICES CORP director receives equity grant

Director James J. Burke Jr. was granted 2,495 shares of Lincoln Educational Services common stock on the grant date, valued at $110,000. The filing notes these shares are in the form of restricted stock that will vest on the first anniversary of the grant date.

After this award, Burke directly holds 76,198 common shares. This is a compensation-related equity grant rather than an open-market purchase or sale, so it reflects board compensation structure more than a trading decision.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BURKE JAMES J JR

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,495	$44.10	$110K

Holdings After Transaction: Common Stock — 76,198 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted stock granted: 2,495 shares Grant value: $110,000 Implied grant price: $44.10 per share +1 more

4 metrics

Restricted stock granted 2,495 shares Grant to director James J. Burke Jr.

Grant value $110,000 Value of restricted stock on grant date

Implied grant price $44.10 per share Restricted stock grant valuation per share

Post-grant holdings 76,198 shares Director’s direct common stock ownership after grant

Key Terms

Restricted Stock, vest, grant/award acquisition

3 terms

Restricted Stock financial

"Grant of Restricted Stock valued at $110,000 on the date of grant."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

vest financial

"These restricted shares vest on the first anniversary of the grant date."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

grant/award acquisition financial

"transaction_action: grant/award acquisition"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BURKE JAMES J JR

(Last) (First) (Middle)

C/O LINCOLN EDUCATIONAL SERVICES CORPORA

14 SYLVAN WAY, STE. A

(Street)

PARSIPPANY NEW JERSEY 07054

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LINCOLN EDUCATIONAL SERVICES CORP [ LINC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/07/2026		A		2,495	A	$44.1(1)	76,198	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Grant of Restricted Stock valued at $110,000 on the date of grant. These restricted shares vest on the first anniversary of the grant date.

	/s/ James J Burke, Jr	05/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did director James J. Burke Jr. acquire in the latest LINC Form 4?

Director James J. Burke Jr. received 2,495 shares of Lincoln Educational Services common stock as a grant of restricted stock. The award is valued at $110,000 and represents equity-based compensation rather than an open-market stock purchase or sale.

How is the new restricted stock grant for LINC’s director structured?

The director’s grant consists of 2,495 restricted stock shares valued at $110,000 on the grant date. According to the filing footnote, these restricted shares will fully vest on the first anniversary of the grant date, assuming applicable vesting conditions are satisfied.

What is James J. Burke Jr.’s LINC share ownership after this Form 4 grant?

Following the grant, James J. Burke Jr. directly owns 76,198 shares of Lincoln Educational Services common stock. This total includes the 2,495 restricted shares just awarded, giving investors a clear picture of his overall direct equity stake in the company.

Was the LINC Form 4 transaction an open-market buy or a compensation grant?

The transaction was a compensation-related grant, not an open-market trade. The Form 4 codes it as an acquisition from a grant or award, and the footnote explains it is a restricted stock grant valued at $110,000 that vests after one year.

When will the newly granted restricted LINC shares vest for the director?

The restricted stock granted to the director will vest on the first anniversary of the grant date. Until vesting, the shares are subject to restrictions described in the award, but once vested they become fully owned common stock, assuming all conditions are met.