Gaffney Karmela 4
4 · AMERICAN PUBLIC EDUCATION INC · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
American Public Education (APEI) SVP Karmela Gaffney Receives Award
What Happened Karmela Gaffney, Senior Vice President and Chief Marketing Officer of American Public Education, received a performance-based restricted stock unit (PSU) award that resulted in the acquisition of 14,425 shares on 2026-03-10 (reported as $0 acquisition). To satisfy tax-withholding obligations on the vested PSUs, 1,469 shares were surrendered/withheld at $45.51 per share, generating $66,854 in tax withholding. Net to the insider from this vesting event was 12,956 shares (14,425 granted minus 1,469 withheld). This was an award/vesting event, not an open-market sale or purchase.
Key Details
- Transaction dates: Grant/vesting and tax withholding both reported for 2026-03-10; Form 4 filed 2026-03-12 (timely).
- Award details: 14,425 PSUs granted/acquired (code A), reported acquisition price $0.
- Tax withholding: 1,469 shares withheld (code F) at $45.51/share = $66,854.
- Net shares received from this vesting event: 12,956 (14,425 − 1,469).
- Shares owned after transaction: Not stated in the filing.
- Footnotes: F1 — PSUs are performance-based under the 2017 Omnibus Incentive Plan and reflect FY2025 performance; award vests in three roughly equal installments (Mar 10, 2026; Feb 4, 2027; Feb 4, 2028). F2 — issuer withheld shares to satisfy tax withholding.
Context PSUs are a form of compensation that vests based on company performance; the withholding of shares to cover taxes is a routine administrative action and not a market sale. This filing documents a compensation vesting event rather than a directional buy or sell signal by the insider.
Insider Transaction Report
- Award
Common Stock, par value $.01
[F1]2026-03-10+14,425→ 44,696 total - Tax Payment
Common Stock, par value $.01
[F2]2026-03-10$45.51/sh−1,469$66,854→ 43,227 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.