Lincoln Educational (LINC) SVP awarded shares and withholds stock for taxes

Rhea-AI Filing Summary

Lincoln Educational Services Corp senior vice president and chief human resources officer Stephen E. Ace reported a stock award and related tax-share withholding. He acquired 833 shares of common stock on March 1, 2026 at $0 per share as an additional grant under the 2020 Long-Term Incentive Plan, tied to performance-based restricted stock from a February 19, 2025 award that vested above target. On the same date, 5,019 shares at $36.24 per share were disposed of to cover income taxes due on the vesting and delivery of these performance-based shares and prior time-based restricted stock. After these transactions, Ace directly owned 150,079 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^*

Ace Stephen E

(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)
	SVP and Chief Human Resources

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		833(1)	A	$0	155,098	D
Common Stock	03/01/2026		F		5,019(2)	D	$36.24	150,079	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 833 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/ Stephen E Ace	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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider stock transactions did LINC executive Stephen E. Ace report?

Stephen E. Ace reported acquiring 833 shares of Lincoln Educational common stock and disposing of 5,019 shares on March 1, 2026. The acquisition was a performance-based award; the disposition covered income taxes on vesting of performance and time-based restricted shares.

How many Lincoln Educational (LINC) shares does Stephen E. Ace own after this Form 4?

After the reported transactions, Stephen E. Ace directly owns 150,079 shares of Lincoln Educational common stock. This reflects the 833-share performance-based award and the 5,019 shares withheld to satisfy income tax obligations tied to vesting restricted stock.

Why did Lincoln Educational withhold 5,019 shares from Stephen E. Ace?

Lincoln Educational withheld 5,019 shares to satisfy income taxes owed by Stephen E. Ace upon vesting and delivery of performance-based and time-based restricted stock. This tax-withholding disposition used shares instead of cash to cover the associated tax liabilities.

What performance award triggered Stephen E. Ace’s 833-share grant at LINC?

The 833 additional shares relate to the first tranche of a previously reported performance-based restricted stock award granted on February 19, 2025. They were issued because performance metrics were achieved above target under Lincoln Educational’s 2020 Long-Term Incentive Plan.

Were Stephen E. Ace’s disposed LINC shares an open-market sale?

The 5,019 disposed shares were not described as an open-market sale. They were withheld by Lincoln Educational to pay income taxes due on the vesting and delivery of performance-based and time-based restricted stock previously granted to Stephen E. Ace.

Which equity plans and grants are referenced in Stephen E. Ace’s Form 4?

The filing references the Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan and restricted stock grants made on February 23, 2023, February 22, 2024, February 19, 2025, and March 1, 2026, including performance-based and time-based restricted stock awards.