0001567619-23-003885.txt : 20230227 0001567619-23-003885.hdr.sgml : 20230227 20230227183232 ACCESSION NUMBER: 0001567619-23-003885 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230223 FILED AS OF DATE: 20230227 DATE AS OF CHANGE: 20230227 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BUCHENOT STEPHEN M CENTRAL INDEX KEY: 0001330745 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-51371 FILM NUMBER: 23677291 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] 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 doc1.xml FORM 4 X0306 4 2023-02-23 0 0001286613 LINCOLN EDUCATIONAL SERVICES CORP LINC 0001330745 BUCHENOT STEPHEN M C/O LINCOLN EDUCATIONAL SERVICES CORPORA 14 SYLVAN WAY, STE A PARSIPPANY NJ 07054 0 1 0 0 EVP of Campus Operations Common Stock 2023-02-23 4 A 0 56911 0 A 322950 D The reporting person was granted 56,911 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 15, 2024. With respect to the performance -based vesting, if an annual performance metrics are not met in a particular year, the shares may vest cumulatively based on the achievement of cumulative performance targets. /s/ Stephen M. Buchenot 2023-02-27