Form 4: Alexandra M. Luster, SVP and General Counsel at Lincoln Educational Services Corp, Reports Changes in Beneficial Ownership
SEC Form 4
Alexandra M. Luster, SVP and General Counsel at Lincoln Educational Services Corp, reports the disposal of 5,631 common stock shares to cover income taxes upon vesting of restricted stock.
Summary
- On March 1, 2025, Alexandra M. Luster, SVP and General Counsel of Lincoln Educational Services Corp, disposed of 5,631 shares of common stock.
- The transaction was executed to cover income taxes payable upon the vesting and delivery of performance-based and time-based restricted stock.
- The price per share for the transaction was $18.35.
- Following the transaction, Luster directly owns 101,443 shares of Lincoln Educational Services Corp.
- The restricted stock was previously granted on February 23, 2022, February 23, 2023, and February 22, 2024.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations on vested stock, so it's neutral in sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/23/2022 | Date of previous grant of restricted stock |
| 02/23/2023 | Date of previous grant of restricted stock |
| 02/22/2024 | Date of previous grant of restricted stock |
| 03/01/2025 | Date of transaction: Disposal of shares for tax withholding |
| 03/04/2025 | Date of signature on the Form 4 |
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