Lincoln Educational (LINC) COO reports stock grant and tax share withholding

Rhea-AI Filing Summary

Lincoln Educational Services EVP & Chief Operating Officer Chad D. Nyce reported equity compensation activity involving company common stock. He received a grant of 4,329 shares at no cost under the 2020 Long-Term Incentive Plan tied to performance metrics achieved above target.

On the same date, 24,027 shares were withheld by the company to cover income taxes due upon vesting and delivery of these performance-based shares and previously granted time-based restricted stock. After these transactions, Nyce directly owned 182,656 common shares.

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

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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^*

Nyce Chad D

(Last) (First) (Middle)

C/O LINCOLN EDUCATIONAL SERVICES CORPORA

14 SYLVAN WAY, STE A

(Street)

PARSIPPANY NJ 07054

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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

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

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

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	03/01/2026		A		4,329(1)	A	$0	206,683	D
Common Stock	03/01/2026		F		24,027(2)	D	$36.24	182,656	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. 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.

2. 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.

	/s/ Chad D Nyce	03/03/2026
	** 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).
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FAQ

What insider transactions did LINC executive Chad D. Nyce report?

Chad D. Nyce reported a grant of 4,329 Lincoln Educational common shares tied to performance-based awards and a withholding of 24,027 shares to cover income taxes on vested performance-based and time-based restricted stock, leaving him with 182,656 directly held shares.

Was the LINC insider transaction a stock purchase or sale?

The activity involved an equity award and tax withholding, not an open-market trade. Nyce received 4,329 shares as a grant and 24,027 shares were withheld by the company to satisfy income tax obligations from vesting restricted stock awards.

Why did Lincoln Educational withhold 24,027 LINC shares from Chad D. Nyce?

The company withheld 24,027 shares to cover income taxes owed when Nyce’s performance-based and time-based restricted stock vested. This tax-withholding disposition avoids a separate cash payment while reducing the number of shares delivered to the executive.

How many LINC shares does Chad D. Nyce own after these transactions?

Following the grant and tax-withholding transactions, Chad D. Nyce directly holds 182,656 shares of Lincoln Educational common stock. This figure reflects the newly issued performance-based shares and the shares withheld by the company to satisfy his income tax liabilities.

What plan governed the new LINC shares granted to Chad D. Nyce?

The 4,329 newly issued shares were granted under the Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan. They relate to the first tranche of a performance-based restricted stock award granted February 19, 2025, earned for performance above target levels.

Do the LINC insider transactions indicate above-target performance?

Yes. Footnotes state the 4,329 additional shares were issued because performance metrics for a February 19, 2025 performance-based restricted stock award were achieved above target, triggering extra shares under the 2020 Long-Term Incentive Plan for Chad D. Nyce.