LINC director trust sells 3,000 shares at $48
LINCOLN EDUCATIONAL SERVICES CORP director Kevin M. Carney reported an insider transaction involving his living trust and personal holdings.
Rhea-AI Filing Summary
LINCOLN EDUCATIONAL SERVICES CORP director Kevin M. Carney reported an insider transaction involving his living trust and personal holdings. On June 10, a trust associated with Carney sold 3,000 shares of common stock in an open‑market transaction at $48 per share, leaving the trust holding 25,039 shares indirectly. According to the disclosure, this sale was completed in connection with his financial planning needs. On June 8, Carney also moved 3,216 shares from his direct ownership into the Kevin M. Carney Living Trust, changing the form of ownership from direct to indirect without altering his economic interest, while his directly held position following that transfer was 2,495 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,000 shares
Net Sell
3 txns
Insider
Carney Kevin M
Role
Director
Sold
3,000 shs ($144K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,000 | $48.00 | $144K |
| Other | Common Stock | 3,216 | $0.00 | $0.00 |
| Other | Common Stock | 3,216 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 2,495 shares (Direct);
Common Stock — 25,039 shares (Indirect, By the Kevin M. Carney Living Trust)
Footnotes (2)
- F1. The Reporting Person transferred 3,216 shares of common stock previously reported as directly owned by the Reporting Person, to the Kevin M. Carney Living Trust, for which the Reporting Person and his spouse serve as co-trustees, and as to which the Reporting Person is the beneficiary. This transfer effected only a change in the form of beneficial ownership from Direct to Indirect, and did not result in any change in the Reporting Person's pecuniary interest in such shares.
- F2. The Reporting Person's sale of shares was completed in connection with his financial planning needs.
Key Figures
Shares sold: 3,000 shares
Sale price: $48.00 per share
Indirect holdings after sale: 25,039 shares
+3 more
6 metrics
Shares sold
3,000 shares
Open-market sale of common stock on June 10, 2026
Sale price
$48.00 per share
Price for 3,000-share sale of common stock
Indirect holdings after sale
25,039 shares
Common stock held indirectly by living trust after June 10 sale
Shares moved to trust
3,216 shares
Transfer from direct to indirect ownership on June 8, 2026
Direct holdings after transfer
2,495 shares
Common stock held directly after June 8, 2026 restructuring
Restructuring shares total
6,432 shares
Total shares involved in ‘other’ ownership-form transactions
Key Terms
open-market sale, beneficial ownership, pecuniary interest, living trust, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
beneficial ownership financial
"This transfer effected only a change in the form of beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"did not result in any change in the Reporting Person's pecuniary interest"
living trust financial
"to the Kevin M. Carney Living Trust, for which the Reporting Person and his spouse serve as co-trustees"
Form 4 financial
"According to the Form 4 filing"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did LINC director Kevin M. Carney report?
Kevin M. Carney reported an open‑market sale of 3,000 shares of Lincoln Educational Services common stock at $48 per share and a separate transfer of 3,216 shares from direct ownership into his living trust, changing only the ownership form.
Do the recent LINC insider transactions involve any options or derivatives?
The disclosed transactions involve only non‑derivative common stock of Lincoln Educational Services. The derivative section of the Form 4 shows no option or other derivative transactions, indicating these changes relate solely to common share ownership and transfers.
AI-generated analysis. How Rhea-AI works. Not financial advice.
