0001286613-24-000004.txt : 20240226 0001286613-24-000004.hdr.sgml : 20240226 20240226160241 ACCESSION NUMBER: 0001286613-24-000004 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240222 FILED AS OF DATE: 20240226 DATE AS OF CHANGE: 20240226 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SHAW SCOTT M CENTRAL INDEX KEY: 0001330739 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-51371 FILM NUMBER: 24678565 MAIL ADDRESS: STREET 1: C/O LINCOLN EDUCATIONAL SERVICES CORP STREET 2: 200 EXECUTIVE DRIVE, SUITE 340 CITY: WEST ORANGE STATE: NJ ZIP: 07052 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: LINCOLN EDUCATIONAL SERVICES CORP CENTRAL INDEX KEY: 0001286613 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 571150621 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 14 SYLVAN WAY STREET 2: SUITE A CITY: PARSIPPANY STATE: NJ ZIP: 07054 BUSINESS PHONE: 973-736-9340 MAIL ADDRESS: STREET 1: 14 SYLVAN WAY STREET 2: SUITE A CITY: PARSIPPANY STATE: NJ ZIP: 07054 4 1 form4.xml X0508 4 2024-02-22 0001286613 LINCOLN EDUCATIONAL SERVICES CORP LINC 0001330739 SHAW SCOTT M C/O LINCOLN EDUCATIONAL SERVICES CORP 14 SYLVAN WAY, STE A PARSIPPANY NJ 07054 true true CEO false Common Stock 2024-02-22 4 A 0 124740 0 A 1153398 D The reporting person was granted 124,740 shares of restricted common stock under the Lincoln Educational Services Corporation's 2020 Long-Term Incentive Plan. Fifty percent of the grant is subject to time-based vesting while the remaining fifty percent of the grant is subject to performance-based vesting requiring the reporting person's achievement of metrics set by the registrant annually. In both cases, the shares will vest, if at all, in substantially equal annual tranches over three years beginning on March 1, 2025. /s/ Scott M. Shaw 2024-02-26