Daniel S. Pianko - May 19, 2023 Form 4 Insider Report for AMERICAN PUBLIC EDUCATION INC (APEI)

Role: Director
Signature: /s/ Richard W. Sunderland, Jr., Attorney-in-Fact
Stock symbol: APEI
Transactions as of: May 19, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/22/2023, 04:07 PM
Previous filing: May 24, 2022
Next filing: Jun 12, 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	+12.7K	+112.18%	$0.00	24.1K	May 19, 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Pursuant to the non-employee director compensation policy of American Public Education, Inc. (the "Company"), each non-employee director receives an annual award of restricted common stock of the Company having a value of $80,000 on the grant date. The shares vest on the earlier of the one year anniversary of the grant date and immediately prior to the Company's 2024 Annual Meeting of Stockholders. The reporting person has elected to defer receipt of the shares until the earlier of the date of the reporting person's separation from service as a director with the Company and its affiliates for any reason and June 1, 2027, resulting in the issuance of deferred stock units to the reporting person rather than restricted shares.

Content

Pursuant to the non-employee director compensation policy of American Public Education, Inc. (the "Company"), each non-employee director receives an annual award of restricted common stock of the Company having a value of $80,000 on the grant date. The shares vest on the earlier of the one year anniversary of the grant date and immediately prior to the Company's 2024 Annual Meeting of Stockholders. The reporting person has elected to defer receipt of the shares until the earlier of the date of the reporting person's separation from service as a director with the Company and its affiliates for any reason and June 1, 2027, resulting in the issuance of deferred stock units to the reporting person rather than restricted shares.