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Lincoln Educational Services Executive Compensation (FY25)

LINC · Executive and director compensation, fiscal 2022 to 2025

The Lincoln Educational Services brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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Data as of September 12, 2026Latest filing (8-K): May 11, 2026
15 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Lincoln Educational Services brief$1,500Get the executive brief
226 figures on this page: 215 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Scott Shaw
Latest say-on-pay support
=
May 7, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Scott Shaw: $2,557,645 → $3,999,717 (56.4% higher)
Say-on-pay support: 94.5% → 95.1% (0.6 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Lincoln Educational Services' chief executive and what were they paid?
Scott Shaw, President and Chief Executive Officer, received $3,999,717 in total compensation for fiscal 2025. Shaw's total was 56.4% higher than the $2,557,645 reported for fiscal 2024.
What was Lincoln Educational Services' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 95.1% of votes cast for or against in favor at the meeting held May 7, 2026.
Which companies are in Lincoln Educational Services' peer group?
The disclosed peer group names Adtalem Global Education, Inc., American Public Education, Inc., Coursera, Inc., Franklin Convery Co. and Grand Canyon Education, Inc., among others. Companies named in the Consumer Discretionary Peer Companies include Carriage Services, Inc., Denny's Corporation, El Pollo Loco Holdings, Inc., European Wax Center, Inc. and Inspired Entertainment, Inc., among others.
What is Lincoln Educational Services' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 61:1, against median employee compensation of $65,278.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Shaw
President and Chief Executive Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Shaw
President and Chief Executive Officer
◇—◇—◇—◇◇
Brian Meyers
Executive Vice President, Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Chad Nyce
Executive Vice President, Chief Operating Officer
◇—◇—◇—◇◇
Alexandra Luster
Senior Vice President, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
Stephen Ace
Senior Vice President and Chief Human Resources Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Shaw
President and Chief Executive Officer
◇—◇—◇—◇◇
Brian Meyers
Executive Vice President, Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Chad Nyce
Executive Vice President, Chief Operating Officer
◇—◇—◇—◇◇
Stephen Ace
Senior Vice President and Chief Human Resources Officer
◇—◇—◇—◇◇
Alexandra Luster
Senior Vice President, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Shaw
President and Chief Executive Officer
◇—◇—◇—◇◇
Brian Meyers
Executive Vice President, Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Chad Nyce
Executive Vice President, Chief Operating Officer
◇—◇—◇—◇◇
Alexandra Luster
Senior Vice President, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
Stephen Ace
Senior Vice President and Chief Human Resources Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Alexandra M. LusterRestricted Stock◇——◇——◇
Alexandra M. LusterRSA◇——◇——◇
Brian K. MeyersRestricted Stock◇——◇——◇
Brian K. MeyersRSA◇——◇——◇
Brian K. MeyersRSA◇◇◇—◇—◇
Chad D. NyceRSA◇◇◇—◇—◇
Chad D. NyceRSA◇——◇——◇
Chad D. NyceRestricted Stock◇——◇——◇
Scott M. ShawRestricted Stock◇——◇——◇
Scott M. ShawRSA◇◇◇—◇—◇
Scott M. ShawRSA◇——◇——◇
Stephen AceRestricted Stock◇——◇——◇
Stephen AceRSA◇——◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Chad NycePSU◇◇——
PSU◇◇——
Alexandra LusterPSU◇◇——
PSU◇◇——
Scott ShawPSU◇◇——
PSU◇◇——
Brian MeyersPSU◇◇——
PSU◇◇——
Stephen AcePSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John A. Bartholdson
Board chair
◇◇————◇
Michael A. Plater
◇◇————◇
Felecia J. Pryor
◇◇————◇
Kevin M. Carney
◇◇————◇
Carlton E. Rose
◇◇————◇
Sylvia J. Young
◇◇————◇
Anna Escobedo Cabral
◇◇————◇
James J. Burke, Jr
◇◇————◇
James J. Burke Jr
◇◇————◇
Marta Newhart
◇◇————◇
Scott M. Shaw served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Equity is delivered as Restricted Stock.
Stock ownership guideline: 4x Annual Cash Retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Adtalem Global Education, Inc. symbol not shown
  • American Public Education, Inc. APEI
  • Coursera, Inc. COUR
  • Franklin Convery Co. FC
  • Grand Canyon Education, Inc. LOPE
  • Laureate Education, Inc. LAUR
  • Perdoceo Education Corporation PRDO
  • Strategic Education, Inc. STRA
  • Udemy, Inc. UDMY
  • Universal Technical Institute, Inc. UTI
Consumer Discretionary Peer Companies
  • Carriage Services, Inc. CSV
  • Denny's Corporation DENN
  • El Pollo Loco Holdings, Inc. LOCO
  • European Wax Center, Inc. EWCZ
  • Inspired Entertainment, Inc. INSE
  • Kura Sushi USA, Inc. KRUS
  • RCI Hospitality Holdings, Inc. RICK
  • Target Hospitality Corp. TH

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 7, 2026=◇◇◇
2024May 8, 2025=◇◇◇
2023May 2, 2024=◇◇◇
2022May 5, 2023=◇◇◇
2021May 5, 2022=◇◇◇
2020May 6, 2021=◇◇◇
2019June 16, 2020=◇◇◇
2018June 13, 2019=◇◇◇
2017May 3, 2018=◇◇◇
2016May 5, 2017=◇◇◇
2015May 3, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Lincoln Educational Services disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Lincoln Educational Services sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
226 figures on this page: 215 cited to the filing that reported them, 11 calculated from figures it prints.
215 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001140361-26-020318
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001140361-26-011290
    CEO PAY RATIO · Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
  3. 0001140361-25-018808
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001140361-25-013183
    Summary Compensation Table
  5. 0001140361-24-024642
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001140361-24-017455
    Summary Compensation Table
  7. 0001140361-23-023413
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001140361-23-016543
    Summary Compensation Table
  9. 0001140361-22-018082
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001140361-21-016590
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001140361-20-014401
  12. 0001140361-19-010973
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001140361-18-022433
  14. 0001140361-17-019538
  15. 0001140361-16-063465
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Lincoln Educational Services executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/LINC (accessed 2026).
Short form: data: Velarion

The Lincoln Educational Services brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
15 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Lincoln Educational Services discloses

The companies named in LINC's own disclosed peer group.

American Public Education, Inc.Coursera, Inc.Franklin Convery Co.Grand Canyon Education, Inc.Laureate Education, Inc.Perdoceo Education CorporationStrategic Education, Inc.Udemy, Inc.Universal Technical Institute, Inc.Carriage Services, Inc.Denny's CorporationEl Pollo Loco Holdings, Inc.Inspired Entertainment, Inc.Kura Sushi USA, Inc.RCI Hospitality Holdings, Inc.Target Hospitality Corp.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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