CEO Scott Shaw was paid $3,999,717 in fiscal year 2025, ↑ up 56.4% from fiscal year 2024, the 22nd percentile of its disclosed peer group (SEC filing 0001140361-26-011290 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
$3,999,717 ↑ Scott Shaw total, FY2025 | 22nd CEO pay percentile vs peers | 61:1 CEO-to-median pay ratio | 95.12% Say-on-pay support, latest vote |
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LINC's next annual pay disclosure, estimated March 11, 2027.est. Filing ↗
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Scott Shaw | $650,000 | $0 | $2,200,000 | $0 | $1,134,688 | $0 | $15,029 | $3,999,717 |
| President and Chief Executive Officer | ||||||||
| Brian Meyers | 440,000 | 0 | 1,000,000 | 0 | 576,072 | 0 | 13,099 | 2,029,171 |
| Executive Vice President, Chief Financial Officer and Treasurer | ||||||||
| Chad Nyce | 440,000 | 0 | 1,000,000 | 0 | 576,072 | 0 | 6,917 | 2,022,990 |
| Executive Vice President, Chief Operating Officer | ||||||||
| Alexandra Luster | 308,227 | 0 | 125,000 | 0 | 269,032 | 0 | 6,763 | 709,022 |
| Senior Vice President, General Counsel and Corporate Secretary | ||||||||
| Stephen Ace | 300,000 | 0 | 125,000 | 0 | 261,851 | 0 | 8,435 | 695,286 |
| Senior Vice President and Chief Human Resources Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Scott Shaw | $3,999,717 | $2,557,645 | $2,458,683 | ↑ +1,442,072 |
| Brian Meyers | 2,029,171 | 1,233,881 | 1,270,631 | ↑ +795,290 |
| Chad Nyce | 2,022,990 | 1,179,464 | 877,927 | ↑ +843,526 |
| Alexandra Luster | 709,022 | 586,840 | 630,323 | ↑ +122,182 |
| Stephen Ace | 695,286 | 587,142 | 628,330 | ↑ +108,144 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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Each company listed discloses LINC in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named LINC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Anna Escobedo Cabral | Independent Director | $127,500 |
| Carlton E. Rose | Independent Director | $129,000 |
| Felecia J. Pryor | Independent Director | $131,000 |
| James J. Burke, Jr | Independent Director | $127,000 |
| John A. Bartholdson | Chair of the Board | $200,000 |
| Kevin M. Carney | Independent Director | $130,000 |
| Marta Newhart | Independent Director | $125,500 |
| Michael A. Plater | Independent Director | $133,000 |
| Sylvia J. Young | Independent Director | $129,000 |
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Felecia J. Pryor | Director | 2026-05-07 | A | 2,495 | $44 | $110,030 | Common | Form 4 ↗ |
| James J. Burke, Jr | Director | 2026-05-07 | A | 2,495 | 44 | 110,030 | Common | Form 4 ↗ |
| Sylvia J. Young | Director | 2026-05-07 | A | 2,495 | 44 | 110,030 | Common | Form 4 ↗ |
| Carlton E. Rose | Director | 2026-05-07 | A | 2,495 | 44 | 110,030 | Common | Form 4 ↗ |
| Marta Newhart | Director | 2026-05-07 | A | 2,495 | 44 | 110,030 | Common | Form 4 ↗ |
| Anna Escobedo Cabral | Director | 2026-05-07 | A | 2,495 | 44 | 110,030 | Common | Form 4 ↗ |
| Michael A. Plater | Director | 2026-05-07 | A | 2,495 | 44 | 110,030 | Common | Form 4 ↗ |
| Kevin M. Carney | Director | 2026-05-07 | A | 2,495 | 44 | 110,030 | Common | Form 4 ↗ |
| John A. Bartholdson | Director | 2026-05-07 | A | 3,515 | 44 | 155,012 | Common | Form 4 ↗ |
| Brian Meyers | CFO and Treasurer | 2026-05-12 | D | 40,070 | 50 | 2,002,699 | Common | Form 4 ↗ |
| Juniper Investment Company, LLC | — | 2026-05-14 | D | 47,836 | 51 | 2,447,266 | Common, indirect | Form 4 ↗ |
| James J. Burke, Jr | Director | 2026-05-14 | D | 193 | 52 | 9,990 | Common | Form 4 ↗ |
| Juniper Investment Company, LLC | — | 2026-05-15 | D | 1,985 | 50 | 99,468 | Common, indirect | Form 4 ↗ |
| James J. Burke, Jr | Director | 2026-05-18 | D | 16,000 | 50 | 792,640 | Common | Form 4 ↗ |
| James J. Burke, Jr | Director | 2026-05-22 | D | 15,807 | 48 | 764,427 | Common | Form 4 ↗ |
| Juniper Investment Company, LLC | — | 2026-06-03 | D | 81,504 | 50 | 4,083,383 | Common, indirect | Form 4 ↗ |
| Felecia J. Pryor | Director | 2026-06-03 | D | 2,000 | 50 | 99,400 | Common | Form 4 ↗ |
| Juniper Investment Company, LLC | — | 2026-06-04 | D | 25,208 | 51 | 1,288,951 | Common, indirect | Form 4 ↗ |
| Alexandra Luster | SVP and General Counsel | 2026-06-05 | D | 1,993 | 50 | 99,869 | Common | Form 4 ↗ |
| Kevin M. Carney | Director | 2026-06-08 | A | 3,216 | 0 | 0 | Common | Form 4 ↗ |
| Kevin M. Carney | Director | 2026-06-08 | D | 3,216 | 0 | 0 | Common | Form 4 ↗ |
| Kevin M. Carney | Director | 2026-06-10 | D | 3,000 | 48 | 144,000 | Common | Form 4 ↗ |
| Juniper Investment Company, LLC | — | 2026-06-11 | D | 11,812 | 48 | 565,390 | Common, indirect | Form 4 ↗ |
| Juniper Investment Company, LLC | — | 2026-06-12 | D | 37,000 | 47 | 1,734,712 | Common, indirect | Form 4 ↗ |
| Alexandra Luster | SVP and General Counsel | 2026-06-15 | D | 18,007 | 45 | 803,832 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Brian Meyers | PSU | 2025-02-19 | 4,519 | 18,075 | — | 36,150 | $325,000 |
| Chad Nyce | PSU | 2025-02-19 | 4,867 | 19,466 | — | 19,466 | 350,000 |
| Chad Nyce | RSU | 2025-02-19 | — | — | 18,076 | — | 325,000 |
| Stephen Ace | PSU | 2025-02-19 | 869 | 3,476 | — | 6,952 | 62,500 |
| Scott Shaw | PSU | 2025-02-19 | 9,733 | 38,932 | — | 38,932 | 700,000 |
| Alexandra Luster | PSU | 2025-02-19 | 869 | 3,476 | — | 6,952 | 62,500 |
| Brian Meyers | PSU | 2025-02-19 | 4,867 | 19,466 | — | 19,466 | 350,000 |
| Scott Shaw | PSU | 2025-02-19 | 10,428 | 41,713 | — | 83,426 | 750,000 |
| Chad Nyce | PSU | 2025-02-19 | 4,519 | 18,075 | — | 36,150 | 325,000 |
| Stephen Ace | RSU | 2025-02-19 | — | — | 3,476 | — | 62,500 |
| Brian Meyers | RSU | 2025-02-19 | — | — | 18,076 | — | 325,000 |
| Alexandra Luster | RSU | 2025-02-19 | — | — | 3,476 | — | 62,500 |
| Scott Shaw | RSU | 2025-02-19 | — | — | 41,713 | — | 750,000 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Brian Meyers | $325,000 | $675,000 | $0 | 67.5% |
| Chad Nyce | 325,000 | 675,000 | 0 | 67.5% |
| Stephen Ace | 62,500 | 62,500 | 0 | 50.0% |
| Scott Shaw | 750,000 | 1,450,000 | 0 | 65.9% |
| Alexandra Luster | 62,500 | 62,500 | 0 | 50.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Chad Nyce | PSU | 44,886 | — | $1,083,997 |
| Alexandra Luster | PSU | 12,027 | — | 290,452 |
| Scott Shaw | PSU | 164,734 | — | 3,978,326 |
| Brian Meyers | PSU | 72,744 | — | 1,756,768 |
| Alexandra Luster | PSU | 11,195 | — | 270,359 |
| Scott Shaw | PSU | 115,811 | — | 2,796,836 |
| Stephen Ace | PSU | 12,027 | — | 290,452 |
| Stephen Ace | PSU | 11,195 | — | 270,359 |
| Brian Meyers | PSU | 48,950 | — | 1,182,143 |
| Chad Nyce | PSU | 68,680 | — | 1,658,622 |
The Company and the Compensation Committee believe that compensation paid to executive officers should be closely aligned with our performance on both a short-term and long-term basis, and that such compensation should assist us in attracting and retaining key executives that are critical to our long-term success.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Grant Thornton Advisors LLC |
| Clawback policy | True |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-07 | 22,584,287 | 1,159,831 | 121,833 | 95.12% | Passed |
| 2025 | 2025-05-08 | 21,638,935 | 1,264,293 | 228,087 | 94.48% | Passed |
| 2024 | 2024-05-02 | 19,875,738 | 1,438,503 | 317,652 | 93.25% | Passed |
| 2023 | 2023-05-05 | 17,911,296 | 2,955,750 | 975,275 | 85.84% | Passed |
| 2022 | 2022-05-05 | 24,081,691 | 378,881 | 8,763 | 98.45% | Passed |
| 2021 | 2021-05-06 | 23,769,090 | 517,631 | 162,939 | 97.87% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-05-07 | 95.12%a |
| 2025 | 2025-05-08 | 94.48%b |
| 2024 | 2024-05-02 | 93.25%c |
a. Approved under the standard stated in the filing — “Under New Jersey law, abstentions and broker non-votes, if any, will not be counted as votes cast and, accordingly, will have no effect on the outcome of the vote for any of the above proposals.”.
b. Approved under the standard stated in the filing — “Under New Jersey law, abstentions and broker non-votes, if any, will not be counted as votes cast and, accordingly, will have no effect on the outcome of the vote for any of the above proposals.”.
c. Approved under the standard stated in the filing — “Under New Jersey law, abstentions and broker "non-votes", if any, will not be counted as votes cast and, accordingly, will have no effect on the outcome of the vote for any of the above proposals.”.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Ratio (CEO : median employee) | 61 : 1 |
|---|---|
| CEO total compensation | $3,999,717 |
| Median employee compensation | $65,278 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| John A. BartholdsonIndependent · Board Chair | $95,000 | $105,000 | $0 | — | $0 | $200,000 |
| Michael A. PlaterIndependent · Audit · Nominating & Corporate Governance (Chair) · Nominating Corporate Governance (Chair) | 73,000 | 60,000 | 0 | — | 0 | 133,000 |
| Felecia J. PryorIndependent · Nominating & Corporate Governance · Compensation (Chair) | 71,000 | 60,000 | 0 | — | 0 | 131,000 |
| Kevin M. CarneyIndependent · Audit (Chair) | 70,000 | 60,000 | 0 | — | 0 | 130,000 |
| Sylvia J. YoungIndependent · Audit · Compensation | 69,000 | 60,000 | 0 | — | 0 | 129,000 |
| Carlton E. RoseIndependent · Audit · Compensation | 69,000 | 60,000 | 0 | — | 0 | 129,000 |
| Anna Escobedo CabralIndependent · Audit · Nominating & Corporate Governance | 67,500 | 60,000 | 0 | — | 0 | 127,500 |
| James J. Burke, JrIndependent · Nominating & Corporate Governance · Compensation | 67,000 | 60,000 | 0 | 0 | 0 | 127,000 |
| Marta NewhartIndependent · Nominating & Corporate Governance · Compensation | 65,500 | 60,000 | 0 | — | 0 | 125,500 |
| Scott M. ShawEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $55,000 |
|---|---|
| Annual equity retainer | $60,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | 4x Annual Cash Retainer |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $647,000 |
| Equity awards (grant-date value) | $585,000 |
| All other compensation | $0 |
| Total cost of the board | $1,232,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Lincoln Educational Services names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Lincoln Educational Services.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Coursera, Inc. | 2025 | Gregory Hart | $540,833 | $14,629,466 | $23,644,105 | $570,467 | $39,387,371 |
| 2 | Laureate Education, Inc. | 2025 | Eilif Serck-Hanssen | 1,000,000 | 8,343,934 | 0 | 1,606,800 | 10,975,343 |
| 3 | Target Hospitality Corp. | 2025 | James Archer | 850,000 | 3,703,518 | 0 | 2,634,065 | 7,239,484 |
| 4 | Strategic Education, Inc. | 2025 | Karl McDonnell | 1,018,009 | 3,250,000 | 0 | 1,393,558 | 5,672,067 |
| 5 | Perdoceo Education Corporation | 2025 | Todd Nelson | 835,192 | 2,287,577 | 0 | 2,125,000 | 5,473,723 |
| 6 | Denny's Corporation | 2024 | Kelli Valade | 938,308 | 3,768,506 | 0 | 507,625 | 5,257,477 |
| 7 | Udemy, Inc. | 2024 | Greg Brown | 583,750 | 4,548,838 | 0 | 0 | 5,151,396 |
| 8 | Universal Technical Institute, Inc. | 2025 | Jerome Grant | 723,077 | 3,506,070 | 0 | 874,923 | 5,149,264 |
| 9 | American Public Education, Inc. | 2025 | Angela Selden | 838,846 | 3,103,874 | 0 | 1,045,315 | 5,063,608 |
| 10 | Lincoln Educational Services | 2025 | Scott Shaw | 650,000 | 2,200,000 | 0 | 1,134,688 | 3,999,717 |
| 11 | Carriage Services, Inc. | 2025 | Carlos Quezada | 850,000 | 1,599,986 | 0 | 1,318,929 | 3,859,198 |
| 12 | El Pollo Loco Holdings, Inc. | 2025 | Elizabeth Williams | 750,950 | 1,434,000 | 717,000 | 581,162 | 3,539,320 |
| 13 | Inspired Entertainment, Inc. | 2025 | Brooks Pierce | 650,000 | 1,240,137 | 0 | 770,952 | 2,759,378 |
| 14 | Grand Canyon Education, Inc. | 2025 | Brian Mueller | 321,000 | 1,211,668 | 0 | 481,500 | 2,020,867 |
| 15 | RCI Hospitality Holdings, Inc. | 2025 | Eric Langan | 1,708,775 | — | — | — | 1,990,503 |
| 16 | Franklin Convery Co. | 2025 | Paul Walker | 650,000 | 787,965 | — | 15,245 | 1,471,160 |
| 17 | Kura Sushi USA, Inc. | 2025 | Hajime Uba | 517,500 | 454,750 | 0 | 183,412 | 1,155,662 |
| — | European Wax Center, Inc. | — | — | — | — | — | — | not in coverage universe |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Lincoln Educational Services | 174.6% | RSU 50 · PSU 50 | No | Grant Thornton Advisors LLC |
| American Public Education, Inc. | not disclosed | RSU 50 · PSU 50 | No | Willis Towers Watson (WTW) |
| Carriage Services, Inc. | not disclosed | RSU 50 · PSU 50 | not disclosed | Pearl Meyer |
| Coursera, Inc. | 106.3% | not disclosed | No | Compensia, Inc. |
| Denny's Corporation | not disclosed | PSU 50 · RSU 50 | not disclosed | FW Cook |
| El Pollo Loco Holdings, Inc. | 77.5% | Option 33.33 · RSA 33.33 · PSU 33.33 | No | Semler Brossy |
| European Wax Center, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Franklin Convery Co. | not disclosed | PSU 75 · RSU 25 | No | Mercer, ClearBridge Compensation Group, LLC |
| Grand Canyon Education, Inc. | 150% | RSU 100 | not disclosed | Mercer |
| Inspired Entertainment, Inc. | not disclosed | RSU 50 · PSU 50 | No | Frederic W. Cook & Co., Inc. |
| Kura Sushi USA, Inc. | not disclosed | RSU 50 · PSU 50 | not disclosed | Pearl Meyer & Partners, LLC |
| Laureate Education, Inc. | not disclosed | not disclosed | not disclosed | Meridian Compensation Partners, LLC |
| Perdoceo Education Corporation | not disclosed | RSU 50 · PSU 50 | not disclosed | Pay Governance |
| RCI Hospitality Holdings, Inc. | not disclosed | Option 100 | not disclosed | not disclosed |
| Strategic Education, Inc. | 108.8% | RSU 100 | not disclosed | Equilar, Inc. |
| Target Hospitality Corp. | not disclosed | RSU 50 · PSU 50 | not disclosed | Frederic W. Cook & Co., Inc. |
| Udemy, Inc. | not disclosed | RSU 50 · PSU 50 | No | FW Cook |
| Universal Technical Institute, Inc. | 121% | not disclosed | No | Pearl Meyer |
Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Scott Shaw | DEF 14A | 2026-03-26 | 0001140361-26-011290 | Section “Summary Compensation Table”. As printed: 3,999,717. Filing ↗machine: t95 · r2 · c19 · span 616298–616307 |
| 2 | Section 01, Brian Meyers | DEF 14A | 2026-03-26 | 0001140361-26-011290 | Section “Summary Compensation Table”. As printed: 2,029,171. Filing ↗machine: r5 · c19 · span 629377–629386 |
| 3 | Section 01, Chad Nyce | DEF 14A | 2026-03-26 | 0001140361-26-011290 | Section “Summary Compensation Table”. As printed: 2,022,990. Filing ↗machine: r8 · c19 · span 642352–642361 |
| 4 | Section 01, Alexandra Luster | DEF 14A | 2026-03-26 | 0001140361-26-011290 | Section “Summary Compensation Table”. As printed: 709,022. Filing ↗machine: r11 · c19 · span 655745–655752 |
| 5 | Section 01, Stephen Ace | DEF 14A | 2026-03-26 | 0001140361-26-011290 | Section “Summary Compensation Table”. As printed: 695,286. Filing ↗machine: r14 · c19 · span 668834–668841 |
| 6 | Section 03, Brian Meyers PSU | DEF 14A | 1900-01-01 | 0001140361-26-011290 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 781114–781121 |
| 7 | Section 03, Chad Nyce PSU | DEF 14A | 1900-01-01 | 0001140361-26-011290 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 820854–820861 |
| 8 | Section 03, Chad Nyce RSU | DEF 14A | 1900-01-01 | 0001140361-26-011290 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 807502–807509 |
| 9 | Section 03, Stephen Ace PSU | DEF 14A | 1900-01-01 | 0001140361-26-011290 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 872051–872057 |
| 10 | Section 03, Scott Shaw PSU | DEF 14A | 1900-01-01 | 0001140361-26-011290 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 755125–755132 |
| 11 | Section 03, Alexandra Luster PSU | DEF 14A | 1900-01-01 | 0001140361-26-011290 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 847088–847094 |
| 12 | Section 03, Brian Meyers PSU | DEF 14A | 1900-01-01 | 0001140361-26-011290 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 787412–787419 |
| 13 | Section 03, Scott Shaw PSU | DEF 14A | 1900-01-01 | 0001140361-26-011290 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 748071–748078 |
| 14 | Section 03, Chad Nyce PSU | DEF 14A | 1900-01-01 | 0001140361-26-011290 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 813800–813807 |
| 15 | Section 03, Stephen Ace RSU | DEF 14A | 1900-01-01 | 0001140361-26-011290 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 866101–866107 |
| 16 | Section 03, Brian Meyers RSU | DEF 14A | 1900-01-01 | 0001140361-26-011290 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 774060–774067 |
| 17 | Section 03, Alexandra Luster RSU | DEF 14A | 1900-01-01 | 0001140361-26-011290 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 839912–839918 |
| 18 | Section 03, Scott Shaw RSU | DEF 14A | 1900-01-01 | 0001140361-26-011290 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 741814–741821 |
| 19 | Section 07, pay ratio | DEF 14A | 2026-03-26 | 0001140361-26-011290 | Section “CEO Pay Ratio”. As printed: 61 : 1. Filing ↗machine: t128 · span 1208511–1208597 |
| 20 | Section 08, John A. Bartholdson | DEF 14A | 2026-03-26 | 0001140361-26-011290 | Section “Director Compensation”. As printed: 200,000. Filing ↗machine: t124 · r3 · c22 · span 1125956–1126177 |
| 21 | Section 08, Michael A. Plater | DEF 14A | 2026-03-26 | 0001140361-26-011290 | Section “Director Compensation”. As printed: 133,000. Filing ↗machine: t124 · r8 · c22 · span 1152596–1152817 |
| 22 | Section 08, Felecia J. Pryor | DEF 14A | 2026-03-26 | 0001140361-26-011290 | Section “Director Compensation”. As printed: 131,000. Filing ↗machine: t124 · r9 · c22 · span 1158257–1158478 |
| 23 | Section 08, Kevin M. Carney | DEF 14A | 2026-03-26 | 0001140361-26-011290 | Section “Director Compensation”. As printed: 130,000. Filing ↗machine: t124 · r6 · c22 · span 1141831–1142052 |
| 24 | Section 08, Sylvia J. Young | DEF 14A | 2026-03-26 | 0001140361-26-011290 | Section “Director Compensation”. As printed: 129,000. Filing ↗machine: t124 · r11 · c22 · span 1169061–1169282 |
| 25 | Section 08, Carlton E. Rose | DEF 14A | 2026-03-26 | 0001140361-26-011290 | Section “Director Compensation”. As printed: 129,000. Filing ↗machine: t124 · r10 · c22 · span 1163362–1163583 |
| 26 | Section 08, Anna Escobedo Cabral | DEF 14A | 2026-03-26 | 0001140361-26-011290 | Section “Director Compensation”. As printed: 127,500. Filing ↗machine: t124 · r5 · c22 · span 1136760–1136981 |
| 27 | Section 08, James J. Burke, Jr | DEF 14A | 2026-03-26 | 0001140361-26-011290 | Section “Director Compensation”. As printed: 127,000. Filing ↗machine: t124 · r4 · c22 · span 1131065–1131286 |
| 28 | Section 08, Marta Newhart | DEF 14A | 2026-03-26 | 0001140361-26-011290 | Section “Director Compensation”. As printed: 125,500. Filing ↗machine: t124 · r7 · c22 · span 1147528–1147749 |
| 29 | Section 08, Scott M. Shaw | DEF 14A | 2026-03-26 | 0001140361-26-011290 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 30 | Section 02, Felecia J. Pryor 2026-05-07 | Form 4 | 2026-05-08 | 0001286613-26-000075 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 31 | Section 02, James J. Burke, Jr 2026-05-07 | Form 4 | 2026-05-08 | 0001286613-26-000065 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 32 | Section 02, Sylvia J. Young 2026-05-07 | Form 4 | 2026-05-08 | 0001286613-26-000067 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 33 | Section 02, Carlton E. Rose 2026-05-07 | Form 4 | 2026-05-08 | 0001286613-26-000069 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 34 | Section 02, Marta Newhart 2026-05-07 | Form 4 | 2026-05-08 | 0001286613-26-000071 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 35 | Section 02, Anna Escobedo Cabral 2026-05-07 | Form 4 | 2026-05-08 | 0001286613-26-000073 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 36 | Section 02, Michael A. Plater 2026-05-07 | Form 4 | 2026-05-08 | 0001286613-26-000076 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 37 | Section 02, Kevin M. Carney 2026-05-07 | Form 4 | 2026-05-08 | 0001286613-26-000078 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 38 | Section 02, John A. Bartholdson 2026-05-07 | Form 4 | 2026-05-08 | 0001286613-26-000080 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 39 | Section 02, Brian Meyers 2026-05-12 | Form 4 | 2026-05-13 | 0001286613-26-000083 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 40 | Section 02, Juniper Investment Company, LLC 2026-05-14 | Form 4 | 2026-05-18 | 0001019056-26-000102 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 41 | Section 02, James J. Burke, Jr 2026-05-14 | Form 4 | 2026-05-18 | 0001286613-26-000086 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 42 | Section 02, Juniper Investment Company, LLC 2026-05-15 | Form 4 | 2026-05-18 | 0001019056-26-000102 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 43 | Section 02, James J. Burke, Jr 2026-05-18 | Form 4 | 2026-05-18 | 0001286613-26-000086 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 44 | Section 02, James J. Burke, Jr 2026-05-22 | Form 4 | 2026-05-27 | 0001286613-26-000089 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 45 | Section 02, Juniper Investment Company, LLC 2026-06-03 | Form 4 | 2026-06-05 | 0001019056-26-000104 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 46 | Section 02, Felecia J. Pryor 2026-06-03 | Form 4 | 2026-06-04 | 0001286613-26-000092 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 47 | Section 02, Juniper Investment Company, LLC 2026-06-04 | Form 4 | 2026-06-05 | 0001019056-26-000104 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 48 | Section 02, Alexandra Luster 2026-06-05 | Form 4 | 2026-06-09 | 0001286613-26-000094 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 49 | Section 02, Kevin M. Carney 2026-06-08 | Form 4 | 2026-06-10 | 0001286613-26-000096 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 50 | Section 02, Kevin M. Carney 2026-06-08 | Form 4 | 2026-06-10 | 0001286613-26-000096 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 51 | Section 02, Kevin M. Carney 2026-06-10 | Form 4 | 2026-06-10 | 0001286613-26-000096 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 52 | Section 02, Juniper Investment Company, LLC 2026-06-11 | Form 4 | 2026-06-15 | 0001019056-26-000106 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 53 | Section 02, Juniper Investment Company, LLC 2026-06-12 | Form 4 | 2026-06-15 | 0001019056-26-000106 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 54 | Section 02, Alexandra Luster 2026-06-15 | Form 4 | 2026-06-15 | 0001286613-26-000098 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 55 | Section 06, 2026 vote | Form 8-K | 2026-05-11 | 0001140361-26-020318 | Item 5.07 · say-on-pay result. As reported: 95.12% (votes for as printed: 22,584,287). Filing ↗ |
| 56 | Section 06, 2025 vote | Form 8-K | 2025-05-14 | 0001140361-25-018808 | Item 5.07 · say-on-pay result. As reported: 94.48% (votes for as printed: 21,638,935). Filing ↗ |
| 57 | Section 06, 2024 vote | Form 8-K | 2024-05-07 | 0001140361-24-024642 | Item 5.07 · say-on-pay result. As reported: 93.25% (votes for as printed: 19,875,738). Filing ↗ |
| 58 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 59 | Section 03b vehicle mix (computed) | Computed | — | — | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 60 | Section 09b board cost (computed) | Computed | — | — | Cash 647,000 + equity 585,000 + all other 0 = 1,232,000, summed across the director compensation table rows.machine: formula: Σ = 1,232,000 |
| 61 | Coursera, Inc., Section 10b CEO total | DEF 14A | 2026-05-11 | 0001651562-26-000036 | CEO total compensation as printed in Coursera, Inc.'s own proxy. As printed: 39,387,371. Filing ↗machine: r3 · c33 · span 735414–735424 |
| 62 | Laureate Education, Inc., Section 10b CEO total | DEF 14A | 2026-04-09 | 0001628280-26-024338 | CEO total compensation as printed in Laureate Education, Inc.'s own proxy. As printed: 10,975,343. Filing ↗machine: r4 · c24 · span 469288–469298 |
| 63 | Target Hospitality Corp., Section 10b CEO total | DEF 14A | 2026-04-07 | 0001104659-26-040125 | CEO total compensation as printed in Target Hospitality Corp.'s own proxy. As printed: 7,239,484. Filing ↗machine: r1 · c54 · span 1175240–1175249 |
| 64 | Strategic Education, Inc., Section 10b CEO total | DEF 14A | 2026-03-11 | 0001104659-26-026380 | CEO total compensation as printed in Strategic Education, Inc.'s own proxy. As printed: 5,672,067. Filing ↗machine: span 569797–569806 |
| 65 | Perdoceo Education Corporation, Section 10b CEO total | DEF 14A | 2026-04-09 | 0001193125-26-149814 | CEO total compensation as printed in Perdoceo Education Corporation's own proxy. As printed: 5,473,723. Filing ↗machine: span 927815–927824 |
| 66 | Denny's Corporation, Section 10b CEO total | DEF 14A | 2025-04-03 | 0001193125-25-071810 | CEO total compensation as printed in Denny's Corporation's own proxy. As printed: 5,257,477. Filing ↗machine: span 704595–704604 |
| 67 | Udemy, Inc., Section 10b CEO total | DEF 14A | 2025-04-25 | 0001607939-25-000046 | CEO total compensation as printed in Udemy, Inc.'s own proxy. As printed: 5,151,396. Filing ↗machine: r2 · c42 · span 749913–749922 |
| 68 | Universal Technical Institute, Inc., Section 10b CEO total | DEF 14A | 2026-01-20 | 0001140361-26-001690 | CEO total compensation as printed in Universal Technical Institute, Inc.'s own proxy. As printed: 5,149,264. Filing ↗machine: r2 · c19 · span 904453–904462 |
| 69 | American Public Education, Inc., Section 10b CEO total | DEF 14A | 2026-04-09 | 0001140361-26-013996 | CEO total compensation as printed in American Public Education, Inc.'s own proxy. As printed: 5,063,608. Filing ↗machine: r2 · c22 · span 1130437–1130447 |
| 70 | Lincoln Educational Services (subject), Section 10b CEO total | DEF 14A | 2026-03-26 | 0001140361-26-011290 | CEO total compensation as printed in Lincoln Educational Services's own proxy. As printed: 3,999,717. Filing ↗machine: t95 · r2 · c19 · span 616298–616307 |
| 71 | Carriage Services, Inc., Section 10b CEO total | DEF 14A | 2026-03-27 | 0001104659-26-036092 | CEO total compensation as printed in Carriage Services, Inc.'s own proxy. As printed: 3,859,198. Filing ↗machine: span 712704–712713 |
| 72 | El Pollo Loco Holdings, Inc., Section 10b CEO total | DEF 14A | 2026-04-30 | 0001606366-26-000021 | CEO total compensation as printed in El Pollo Loco Holdings, Inc.'s own proxy. As printed: 3,539,320. Filing ↗machine: span 798734–798743 |
| 73 | Inspired Entertainment, Inc., Section 10b CEO total | DEF 14A | 2026-04-21 | 0001493152-26-018334 | CEO total compensation as printed in Inspired Entertainment, Inc.'s own proxy. As printed: 2,759,378. Filing ↗machine: r4 · c30 · span 361513–361522 |
| 74 | Grand Canyon Education, Inc., Section 10b CEO total | DEF 14A | 2026-04-23 | 0001104659-26-047719 | CEO total compensation as printed in Grand Canyon Education, Inc.'s own proxy. As printed: 2,020,867. Filing ↗machine: span 873029–873038 |
| 75 | RCI Hospitality Holdings, Inc., Section 10b CEO total | DEF 14A | 2026-07-07 | 0001628280-26-047485 | CEO total compensation as printed in RCI Hospitality Holdings, Inc.'s own proxy. As printed: 1,990,503. Filing ↗ |
| 76 | Franklin Convery Co., Section 10b CEO total | DEF 14A | 2025-12-18 | 0001193125-25-324927 | CEO total compensation as printed in Franklin Convery Co.'s own proxy. As printed: 1,471,160. Filing ↗ |
| 77 | Kura Sushi USA, Inc., Section 10b CEO total | DEF 14A | 2025-12-10 | 0001193125-25-314444 | CEO total compensation as printed in Kura Sushi USA, Inc.'s own proxy. As printed: 1,155,662. Filing ↗machine: span 753256–753265 |
| 78 | Section 10a, Laureate Education, Inc. reciprocity | DEF 14A | — | 0001628280-26-024338 | Laureate Education, Inc.'s most recent proxy was read; its disclosed peer group does not include Lincoln Educational Services. Filing ↗ |
| 79 | Section 10a, Franklin Convery Co. reciprocity | DEF 14A | — | 0001193125-25-324927 | Franklin Convery Co.'s most recent proxy was read; its disclosed peer group does not include Lincoln Educational Services. Filing ↗ |
| 80 | Section 10a, American Public Education, Inc. reciprocity | DEF 14A | — | 0001140361-26-013996 | American Public Education, Inc. names Lincoln Educational Services in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 81 | Section 10a, Perdoceo Education Corporation reciprocity | DEF 14A | — | 0001193125-26-149814 | Perdoceo Education Corporation names Lincoln Educational Services in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 82 | Section 10a, Strategic Education, Inc. reciprocity | DEF 14A | — | 0001104659-26-026380 | Strategic Education, Inc.'s most recent proxy was read; its disclosed peer group does not include Lincoln Educational Services. Filing ↗ |
| 83 | Section 10a, Coursera, Inc. reciprocity | DEF 14A | — | 0001651562-26-000036 | Coursera, Inc.'s most recent proxy was read; its disclosed peer group does not include Lincoln Educational Services. Filing ↗ |
| 84 | Section 10a, Udemy, Inc. reciprocity | DEF 14A | — | 0001607939-25-000046 | Udemy, Inc.'s most recent proxy was read; its disclosed peer group does not include Lincoln Educational Services. Filing ↗ |
| 85 | Section 10a, Universal Technical Institute, Inc. reciprocity | DEF 14A | — | 0001140361-26-001690 | Universal Technical Institute, Inc. names Lincoln Educational Services in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 86 | Section 10a, Kura Sushi USA, Inc. reciprocity | DEF 14A | — | 0001193125-25-314444 | Kura Sushi USA, Inc.'s most recent proxy was read; its disclosed peer group does not include Lincoln Educational Services. Filing ↗ |
| 87 | Section 10a, Denny's Corporation reciprocity | DEF 14A | — | 0001193125-25-071810 | Denny's Corporation's most recent proxy was read; its disclosed peer group does not include Lincoln Educational Services. Filing ↗ |
| 88 | Section 10a, Target Hospitality Corp. reciprocity | DEF 14A | — | 0001104659-26-040125 | Target Hospitality Corp.'s most recent proxy was read; its disclosed peer group does not include Lincoln Educational Services. Filing ↗ |
| 89 | Section 10a, Inspired Entertainment, Inc. reciprocity | DEF 14A | — | 0001493152-26-018334 | Inspired Entertainment, Inc.'s most recent proxy was read; its disclosed peer group does not include Lincoln Educational Services. Filing ↗ |
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