Smith Vernon C. 4
4 · AMERICAN PUBLIC EDUCATION INC · Filed Mar 15, 2021
Insider Transaction Report
Form 4
Smith Vernon C.
Provost, APUS
Transactions
- Award
Common Stock, par value $.01
2021-03-11+6,078→ 21,667 total - Tax Payment
Common Stock, par value $.01
2021-03-11$31.89/sh−611$19,485→ 21,056 total
Footnotes (2)
- [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, 2020. Award vests in three equal installments, with one third vesting on March 11, 2021, one third vesting on February 7, 2022, and one third vesting on February 7, 2023.
- [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.