Lincoln Educational (LINC) director granted $110K in restricted stock
Rhea-AI Filing Summary
LINCOLN EDUCATIONAL SERVICES CORP director Michael A. Plater received a grant of restricted stock, acquiring 2,495 shares of common stock at a value of $44.10 per share. The award was valued at $110,000 on the grant date and is classified as compensation rather than an open-market purchase. These restricted shares vest on the first anniversary of the grant date, meaning they become fully owned after one year if the vesting conditions are met. Following this grant, Plater directly holds a total of 20,063 shares of the company’s common stock, giving context to the size of this award relative to his overall position.
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Insider Trade Summary
Net Buyer: 2,495 shares
Net Buy
1 txn
Insider
Plater Michael A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,495 | $44.10 | $110K |
Holdings After Transaction:
Common Stock — 20,063 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
Restricted stock shares granted: 2,495 shares
Grant value: $110,000
Implied grant price: $44.10 per share
+1 more
4 metrics
Restricted stock shares granted
2,495 shares
Common Stock grant on transaction date
Grant value
$110,000
Value of restricted stock on grant date
Implied grant price
$44.10 per share
Restricted stock value per share at grant
Post-transaction holdings
20,063 shares
Total common shares directly held after grant
Key Terms
Restricted Stock, vest, grant, grant/award 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 financial
"Grant of Restricted Stock valued at $110,000 on the date of grant."
grant/award acquisition financial
"transaction_action: grant/award acquisition"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Michael A. Plater acquire in the latest LINC Form 4 filing?
Michael A. Plater received a grant of 2,495 shares of Lincoln Educational Services common stock as restricted stock. The award is compensation, not an open-market purchase, and increases his direct holdings to 20,063 shares after the transaction.
How much was Michael A. Plater’s restricted stock grant at LINC worth?
The restricted stock grant to Michael A. Plater was valued at $110,000 on the grant date. This value reflects 2,495 shares at $44.10 per share, as disclosed, and represents a compensation award rather than a cash transaction.
Is Michael A. Plater’s LINC Form 4 transaction an open-market stock purchase?
No, the Form 4 describes a grant or award acquisition, not an open-market purchase. The 2,495 shares are restricted stock awarded as compensation, with a specified value and a one-year vesting schedule from the grant date.