Lincoln Educational CFO stock award and tax shares
Lincoln Educational Services Corp CFO and Treasurer Brian K. Meyers reported equity award vesting and related tax withholding in company stock.
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Rhea-AI Filing Summary
Lincoln Educational Services Corp CFO and Treasurer Brian K. Meyers reported equity award vesting and related tax withholding in company stock. He acquired 4,329 shares of common stock at no cost under the 2020 Long-Term Incentive Plan, tied to a performance-based restricted stock award granted on February 19, 2025, that vested above target. To cover income taxes due on the vesting and delivery of these performance-based shares and previously granted time-based restricted stock, 30,734 shares were withheld by the company. After these transactions, Meyers directly owned 200,782 shares of common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,329 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 30,734 | $36.24 | $1.11M |
Footnotes (2)
- F1. The Reporting Person was issued 4,329 additional shares of common stock pursuant to the Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan. The issuance of these additional shares relates to the vesting of the first tranche of a previously reported performance-based restricted stock award granted on February 19, 2025, and were issued based on performance metrics achieved above target.
- F2. Consists of shares withheld by the Issuer with respect to income taxes payable by the Reporting Person upon the vesting and delivery of the performance-based shares and of the time-based shares of restricted stock previously granted by the Issuer on each of February 23, 2023, February 22, 2024, February 19, 2025 and March 1,2026.
FAQ
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What insider transactions did LINC CFO Brian K. Meyers report?
What plan governed the new LINC stock issued to the CFO?
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