Form 4: Lincoln Educational Services EVP Chad Nyce Reports Stock Transaction
SEC Form 4 Filing
Chad Nyce, EVP & Chief Operating Officer of Lincoln Educational Services Corp, reports disposition of shares to cover income taxes upon vesting of restricted stock.
Summary
- Chad D. Nyce, EVP & Chief Operating Officer of Lincoln Educational Services Corp, filed a Form 4 on March 4, 2025.
- The report details a transaction on March 1, 2025, where 23,877 shares of common stock were disposed of to cover income taxes.
- The shares were withheld by the issuer related 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 the transaction, Nyce directly owns 176,409 shares of Lincoln Educational Services Corp.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates the executive is receiving and vesting stock awards as part of their compensation package.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| February 23, 2022 | Date of previous grant of restricted stock |
| February 23, 2023 | Date of previous grant of restricted stock |
| February 22, 2024 | Date of previous grant of restricted stock |
| March 01, 2025 | Date of stock transaction (disposal of shares) |
| March 04, 2025 | Date of Form 4 filing |
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