MUNOZ GEORGE 4

What Happened
George Munoz, a director of Laureate Education, received a grant of 585 restricted stock units (RSUs) on June 30, 2026. The filing lists a per-share value of $36.32, for a total grant value of $21,247. This was an award (compensation), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-30; grant type: Award/Grant (code A).
• Price/value: $36.32 per share; total value reported $21,247.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: These RSUs were elected in lieu of cash compensation and deferred under Laureate’s directors deferral plan; they are fully vested on grant but will settle in equal annual installments on 2026-01-15? (see corrected dates below) — actual settlement: January 15, 2031; January 15, 2032; and January 14, 2033.
• Filing date: Form 4 filed July 2, 2026 (appears to be a timely filing following the June 30 transaction).

Context
Deferred, vested RSUs are a form of compensation: Munoz has the right to receive shares, but they will be delivered on the designated future settlement dates (2031–2033). Because this is a grant for director compensation rather than a purchase or sale, it should be viewed as routine compensation disclosure rather than a direct signal of immediate buying or selling intent.