Fernandes Nuno S. 4
4 · AMERICAN PUBLIC EDUCATION INC · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
American Public Education (APEI) President Nuno Fernandes Receives RSU Award
What Happened
Nuno S. Fernandes, President of APUS (a subsidiary of American Public Education, Inc. / APEI), received a grant of 7,256 restricted stock units (RSUs) on 2026-02-02. To cover tax withholding on RSU vesting, the issuer withheld a total of 7,109 shares in three withholding transactions on 2026-01-30 and 2026-01-31, resulting in deemed dispositions valued at $61,542, $97,079 and $141,324 respectively (aggregate withholding value $299,945). The RSU grant itself was reported at $0.00 per share (typical for equity awards).
Key Details
- Transactions reported:
- 2026-01-30: 1,473 shares withheld at $41.78 each — $61,542 (Disposition, tax withholding).
- 2026-01-31: 2,295 shares withheld at $42.30 each — $97,079 (Disposition, tax withholding).
- 2026-01-31: 3,341 shares withheld at $42.30 each — $141,324 (Disposition, tax withholding, performance-based RSUs).
- 2026-02-02: Grant of 7,256 RSUs at $0.00 — acquisition (award).
- Net effect: 7,256 RSUs granted minus 7,109 shares withheld = ~147 RSUs retained by Fernandes.
- Shares owned after transaction: not disclosed in the Form 4 provided.
- Footnotes: Withholdings (F1–F3) were to satisfy tax obligations on RSU vesting; F4 notes RSUs are under the 2017 Omnibus Incentive Plan and vest in three equal annual installments starting one year after grant.
- Filing: Form 4 filed 2026-02-03. The filing lists the transactions and includes Exhibit 24 (Power of Attorney).
Context
These were not open-market sales. The "Disposed" entries reflect shares withheld by the company to satisfy tax withholding on RSU vesting (a routine administrative action), while the Feb 2 line is an RSU award. Such withholdings are common and do not necessarily indicate the insider is selling shares for investment reasons.
Insider Transaction Report
- Tax Payment
Common Stock, par value $.01
[F1]2026-01-30$41.78/sh−1,473$61,542→ 80,776 total - Tax Payment
Common Stock, par value $.01
[F2]2026-01-31$42.30/sh−2,295$97,079→ 78,481 total - Tax Payment
Common Stock, par value $.01
[F3]2026-01-31$42.30/sh−3,341$141,324→ 75,140 total - Award
Common Stock, par value $.01
[F4]2026-02-02+7,256→ 82,396 total
Footnotes (4)
- [F1]The issuer withheld shares of Common Stock from the reporting person to pay the tax withholding obligations related to the vesting of restricted stock units ("RSUs").
- [F2]The issuer withheld shares of Common Stock from the reporting person to pay the tax withholding obligations related to the vesting of RSUs.
- [F3]The issuer withheld shares of Common Stock from the reporting person to pay the tax withholding obligations related to the vesting of performance-based RSUs.
- [F4]RSUs granted pursuant to the American Public Education, Inc. 2017 Omnibus Incentive Plan, as amended. The RSUs vest in three equal annual installments commencing on the first anniversary of the grant date.