Form 4: Lincoln Educational Services Corp: Officer Ace Stephen E. Reports Tax Withholding of Shares
SEC Form 4 Filing
Stephen E. Ace, SVP and Chief Human Resources Officer of Lincoln Educational Services Corp, reports the withholding of 5,961 common stock shares for tax obligations upon vesting of restricted stock.
Summary
- On March 1, 2025, Stephen E. Ace, SVP and Chief Human Resources Officer at Lincoln Educational Services Corp, had 5,961 shares of common stock withheld by the issuer to cover income taxes.
- This withholding occurred due to 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.
- Following this transaction, Ace directly owns 149,444 shares of Lincoln Educational Services Corp.
- The price per share for the tax withholding was $18.35.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on the total shares outstanding.
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: Shares withheld for taxes. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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