CFO Brian Meyers receives 32,145-share equity award at Lincoln (LINC)

Rhea-AI Filing Summary

Meyers Brian K reported acquisition or exercise transactions in this Form 4 filing.

Lincoln Educational Services Corp reported that its CFO and Treasurer, Brian K. Meyers, received a grant of 32,145 shares of restricted common stock under the 2020 Long-Term Incentive Plan. The grant was awarded at a price of $0.00 per share.

Half of the award is subject to time-based vesting in substantially equal annual tranches over three years beginning on March 1, 2027. The other half is performance-based and will vest, if at all, over three years depending on achievement of company metrics, with potential issuance of up to 200% of the performance-based portion if targets are exceeded. Following this grant, Meyers directly holds 227,187 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^*

Meyers Brian K

(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)
	CFO and Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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	02/19/2026		A		32,145(1)	A	$0	227,187	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 granted 32,145 shares of restricted common stock under the Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan. Fifty percent of the grant is subject to time-based vesting while the remaining fifty percent of the grant is subject to performance-based vesting. The shares of restricted common stock subject to performance based vesting will vest, if at all, upon the Company's achievement of metrics set by the registrant and may result in additional shares being issued up to a maximum of 200% of the performance-based shares reported above if the target set is exceeded. As to the time-based shares, the shares will vest, if at all, in substantially equal annual tranches over three years beginning on March 1, 2027. Similarly, as to the performance-based shares, the shares will vest, if at all, in annual tranches over three years with the number of shares vesting being determined based on the percentage of the target achieved.

	/s/ Brian K. Meyers	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Lincoln Educational Services (LINC) disclose in this Form 4?

Lincoln Educational Services disclosed that CFO and Treasurer Brian K. Meyers received a grant of 32,145 shares of restricted common stock under the company’s 2020 Long-Term Incentive Plan, awarded at no cash cost per share as part of his equity compensation.

How many Lincoln Educational Services (LINC) shares were granted to the CFO?

Brian K. Meyers was granted 32,145 shares of restricted common stock. The award was made under Lincoln Educational Services Corporation’s 2020 Long-Term Incentive Plan and is structured with both time-based and performance-based vesting components over a multi-year period, beginning in 2027.

What are the key vesting terms of the LINC CFO’s restricted stock grant?

Fifty percent of the 32,145-share grant is time-based and vests in substantially equal annual tranches over three years starting March 1, 2027. The remaining fifty percent is performance-based, vesting annually over three years depending on achievement of company metrics set by the registrant.

How do performance targets affect the Lincoln Educational Services (LINC) stock grant?

The performance-based portion of the restricted stock will vest only if company metrics set by Lincoln Educational Services are achieved. If targets are exceeded, the footnote states additional shares may be issued up to a maximum of 200% of the performance-based shares originally reported.

How many Lincoln Educational Services (LINC) shares does the CFO own after this grant?

After receiving the 32,145-share restricted stock award, Brian K. Meyers is reported as directly owning 227,187 shares of Lincoln Educational Services common stock. This total reflects his direct holdings immediately following the grant disclosed in the Form 4 filing.

Was there any cash paid for the LINC CFO’s restricted stock grant?

No cash changed hands for this award. The Form 4 lists a transaction price of $0.00 per share for the 32,145 restricted common shares, indicating the grant was issued as equity compensation under the company’s 2020 Long-Term Incentive Plan rather than a market purchase.