ERIC C. ANDERSEN - 20 May 2022 Form 4 Insider Report for AMERICAN PUBLIC EDUCATION INC (APEI)

Role: Director
Signature: /s/ Richard W. Sunderland, Jr., Attorney-in-Fact
Issuer symbol: APEI
Transactions as of: 20 May 2022
Transactions value $: $79,989
Form type: 4
Filing time: 24 May 2022, 19:32:04 UTC
Previous filing: 09 Jun 2021
Next filing: 15 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APEI	Common Stock, par value $.01	Award	$80K	+5.96K	+36.23%	$13.43	22.4K	20 May 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	(1) Under the director compensation policy for non-employee directors of American Public Education, Inc. (the "Company"), the Company's Management Development & Compensation Committee annually grants each non-employee director an award of restricted common stock of the Company having a value of $80,000 on the date of grant. The shares vest on the earlier of the one year anniversary of the date of grant and immediately prior to the Company's 2023 Annual Meeting of Stockholders.

Content

(1) Under the director compensation policy for non-employee directors of American Public Education, Inc. (the "Company"), the Company's Management Development & Compensation Committee annually grants each non-employee director an award of restricted common stock of the Company having a value of $80,000 on the date of grant. The shares vest on the earlier of the one year anniversary of the date of grant and immediately prior to the Company's 2023 Annual Meeting of Stockholders.