Lincoln Educational Services (LINC) director awarded $110K stock grant

Rhea-AI Filing Summary

Rose Carlton reported acquisition or exercise transactions in this Form 4 filing.

Lincoln Educational Services director Rose Carlton received a grant of restricted stock. On the grant date, she was awarded 2,495 shares of common stock valued at $110,000, or $44.10 per share. These restricted shares vest on the first anniversary of the grant date, meaning she must remain eligible through that date to receive them fully. After this award, she directly holds 17,790 shares of the company’s common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rose Carlton

Role null

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

Holdings After Transaction: Common Stock — 17,790 shares (Direct, null)

Footnotes (1)

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Key Figures

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

5 metrics

Restricted stock granted 2,495 shares Common Stock grant to director on grant date

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

Grant price per share $44.10 per share Implied value per share for restricted stock grant

Shares held after grant 17,790 shares Total common shares directly owned after this award

Vesting period 1 year Restricted shares vest on first anniversary of grant date

Key Terms

Restricted Stock, vest, grant date, Grant, award, or other acquisition

4 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 date financial

"valued at $110,000 on the date of grant. These restricted shares vest on the first anniversary of the grant date."

The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other 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^*

Rose Carlton

(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)	17,790	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/ Carlton Rose	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 Rose Carlton receive in this Form 4 for LINC?

Director Rose Carlton received a grant of 2,495 shares of restricted common stock in Lincoln Educational Services, valued at $110,000. This is a compensation-related award, not an open-market share purchase or sale.

What is the value of the restricted stock granted to LINC’s director?

The restricted stock granted to the director was valued at $110,000 on the grant date. This value is based on a price of $44.10 per share for the 2,495 shares of common stock awarded.

When do Rose Carlton’s restricted LINC shares vest?

The restricted shares vest on the first anniversary of the grant date. Vesting means the director must satisfy the time-based condition for one year before fully owning these 2,495 restricted shares without forfeiture risk.

How many Lincoln Educational (LINC) shares does the director hold after this grant?

Following this restricted stock award, the director directly holds 17,790 shares of Lincoln Educational common stock. This total includes the newly granted 2,495 restricted shares, which remain subject to the one-year vesting requirement described in the footnote.

Was this LINC Form 4 transaction a market buy or sell?

No, this Form 4 shows a grant/award acquisition, not an open-market trade. The director received restricted stock as compensation, coded “A” for an award, rather than buying or selling shares on the open market.