Angela K. Selden - 04 Mar 2024 Form 4 Insider Report for AMERICAN PUBLIC EDUCATION INC (APEI)

Signature
/s/ Richard W. Sunderland, Jr., Attorney-in-Fact
Issuer symbol
APEI
Transactions as of
04 Mar 2024
Net transactions value
-$133,068
Form type
4
Filing time
06 Mar 2024, 16:13:19 UTC
Previous filing
09 Feb 2024
Next filing
03 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APEI Common Stock, par value $.01 Award $0 +88,056 +24% $0.000000 450,851 04 Mar 2024 Direct F1
transaction APEI Common Stock, par value $.01 Tax liability $133,068 -11,551 -2.6% $11.52 439,300 04 Mar 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance-based restricted stock unit ("PSU") award pursuant to the American Public Education, Inc. 2017 Omnibus Incentive Plan. Award reflects a level of achievement of adjusted EBITDA and revenue performance measures for the issuer's fiscal year ended December 31, 2023. Award vests in three approximately equal installments on March 4, 2024, February 7, 2025, and February 7, 2026.
F2 The issuer withheld shares of Common Stock from the reporting person to pay the tax withholding obligations related to the vesting of PSUs.