0001567619-23-003887.txt : 20230227
0001567619-23-003887.hdr.sgml : 20230227
20230227183452
ACCESSION NUMBER: 0001567619-23-003887
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: Nyce Chad D
CENTRAL INDEX KEY: 0001805376
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-51371
FILM NUMBER: 23677302
MAIL ADDRESS:
STREET 1: C/O LINCOLN EDUCATIONAL SERVICES CORPORA
STREET 2: 200 EXECUTIVE DR., STE 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
0001805376
Nyce Chad D
C/O LINCOLN EDUCATIONAL SERVICES CORPORA
14 SYLVAN WAY, STE A
PARSIPPANY
NJ
07054
0
1
0
0
EVP & Chief Innovation Officer
Common Stock
2023-02-23
4
A
0
56911
0
A
236122
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/ Chad D. Nyce
2023-02-27