Form 4: Lincoln Educational Services CFO Meyers Disposes of Shares for Tax Obligations

Brian K Meyers, CFO and Treasurer of Lincoln Educational Services, disposed of 33,998 shares to cover income tax obligations related to vesting shares.

Summary

• Brian K Meyers, the CFO and Treasurer of Lincoln Educational Services, reported a transaction on March 1, 2025.
• Meyers disposed of 33,998 shares of common stock at a price of $18.35 per share to cover income tax obligations.
• This transaction resulted in Meyers holding 195,042 shares of Lincoln Educational Services common stock following the reported transaction.
• The shares disposed of were withheld by the issuer to cover income taxes payable upon the vesting and delivery of performance-based and time-based restricted stock previously granted on February 23, 2022, February 23, 2023, and February 22, 2024.

Sentiment

Score: 5

Explanation: This is a neutral event. It reflects a standard transaction for tax purposes and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to stock vesting.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, especially when dealing with equity compensation.
• Companies like Apollo Education Group (prior to privatization) and Career Education Corporation would have had similar insider transaction reporting requirements.
• The amount of shares disposed of is typical for covering tax liabilities associated with vesting restricted stock units.

Key Dates