Fernandes Nuno S. 4
4 · AMERICAN PUBLIC EDUCATION INC · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
APEI President Nuno Fernandes Receives 13,770-Share Award
What Happened
Nuno S. Fernandes, President of American Public Education, Inc. (APUS), was awarded 13,770 performance-based restricted stock units (PSUs) on 2026-03-10 (report filed 2026-03-12). The filing shows 13,770 shares acquired at $0.00 (award). To satisfy tax withholding obligations related to the vesting, 1,807 shares were withheld/disposed at $45.51 per share, generating proceeds of $82,237. Net shares added from this transaction = 13,770 − 1,807 = 11,963 shares.
Key Details
- Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (appears timely).
- Award type/code: A = Award/Acquisition of 13,770 PSUs; F = shares withheld for tax withholding (1,807 shares at $45.51 = $82,237).
- Net shares received (per filing math): 11,963 shares.
- Footnote F1: These are performance-based RSUs under the 2017 Omnibus Incentive Plan reflecting fiscal 2025 performance; the award vests in three approximately equal installments (Mar 10, 2026; Feb 4, 2027; Feb 4, 2028).
- Footnote F2: The company withheld shares to pay the reporting person’s tax withholding obligations.
- Shares owned after the transaction are not specified in the filing.
Context
This was not an open-market purchase or sale by Fernandes but a compensation award tied to company performance (PSUs). The withholding of 1,807 shares is a routine, cashless method to cover taxes upon vesting and does not by itself indicate a decision to liquidate holdings for investment reasons. The award vests over time per the footnote schedule, so additional installments may result in future filings.
Insider Transaction Report
- Award
Common Stock, par value $.01
[F1]2026-03-10+13,770→ 92,482 total - Tax Payment
Common Stock, par value $.01
[F2]2026-03-10$45.51/sh−1,807$82,237→ 90,675 total
Footnotes (2)
- [F1]Performance-based restricted stock unit ("PSU") award pursuant to the American Public Education, Inc. 2017 Omnibus Incentive Plan, as amended. Award reflects a level of achievement of adjusted earnings per share and revenue performance measures for the issuer's fiscal year ended December 31, 2025. Award vests in three approximately equal installments on March 10, 2026, February 4, 2027, and February 4, 2028.
- [F2]The issuer withheld shares of Common Stock from the reporting person to pay the tax withholding obligations related to the vesting of PSUs.