Snow Phipps Group (Offshore), L.P. 4

What Happened Ian Kendell, a non‑employee director of Laureate Education, Inc. (LAUR), was granted 5,308 restricted stock units (RSUs) on May 21, 2026. The RSUs were granted at no cash cost ($0.00 per share, total reported value $0) as part of the 2026 annual retainer for non‑employee director service. The units vest ratably: an installment on May 21, 2026 and at the end of each remaining calendar quarter of 2026, subject to continued service as a director through each vesting date.

Key Details

• Transaction type/date: Award (A) on 2026-05-21; reported on Form 4 filed 2026-05-26.
• Price and value: $0.00 per share; 5,308 RSUs granted (total purchase price reported $0).
• Shares owned after transaction: Not specified in the filing (grant reported; beneficial ownership shown indirectly via related entities—see footnotes).
• Notable footnotes:
  • F1: RSUs are the 2026 annual retainer and vest in equal installments (May 21, 2026 and each remaining 2026 quarter-end) with continued service condition.
  • F2/F3: Certain Snow Phipps entities and Wengen Alberta LP have indirect interests; Mr. Snow disclaims beneficial ownership beyond his pecuniary interest.
• Timeliness: The Form 4 was filed five days after the transaction date (filed 2026-05-26 for a 2026-05-21 grant), i.e., a reporting delay relative to the typical two-business‑day rule.

Context RSU grants to non‑employee directors are standard compensation and are awards (not open‑market purchases or sales). Because the grant vests over upcoming quarters and is conditioned on continued board service, it reflects compensation timing rather than an immediate buy/sell signal. The filing shows indirect ownership through investment vehicles; this is institutional/affiliate disclosure rather than a straightforward personal purchase.