Richard W. Sunderland Jr - Mar 10, 2023 Form 4 Insider Report for AMERICAN PUBLIC EDUCATION INC (APEI)

Role
EVP, Chief Financial Officer
Signature
/s/ Richard W. Sunderland, Jr.
Stock symbol
APEI
Transactions as of
Mar 10, 2023
Transactions value $
-$8,998
Form type
4
Date filed
3/14/2023, 05:24 PM
Previous filing
Feb 9, 2023
Next filing
Jan 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APEI Common Stock, par value $.01 Award $0 +5.78K +4.72% $0.00 128K Mar 10, 2023 Direct F1
transaction APEI Common Stock, par value $.01 Tax liability -$9K -920 -0.72% $9.78 127K Mar 10, 2023 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, 2022. Award vests in three approximately equal installments on March 10, 2023, January 31, 2024, and January 31, 2025.
F2 The issuer withheld shares of Common Stock from the reporting person to pay the tax withholding obligations related to the vesting of the PSUs.