Cardoso Marcelo 4

What Happened

• Marcelo Cardoso, COO of Laureate Education (LAUR), reported two award-type acquisitions: 12,059 shares on 2026-02-06 and 26,549 shares on 2025-02-12. Both transactions are reported as awards/grants (code A) with an acquisition price of $0.00, i.e., equity awarded rather than purchased. The reported awards total 38,608 shares.

Key Details

• Transaction dates and amounts:
  • 2026-02-06 — 12,059 shares acquired at $0.00 (award).
  • 2025-02-12 — 26,549 shares acquired at $0.00 (award).
• Total reported in this filing: 38,608 shares; no cash value is reported because award price is $0.00.
• Shares owned after the transactions: not specified in the filing.
• Footnotes:
  • F1: The 12,059 (or portion described as RSUs) will vest in three equal installments on Dec 31, 2026, 2027 and 2028, subject to continued employment.
  • F2: The 26,549 represents shares earned under performance share unit awards (grants from 2023–2025) upon Certification by the Compensation Committee that performance criteria were met for year ended Dec 31, 2025.
• Filing timeliness: the filing date is Feb 10, 2026; the Feb 6, 2026 award was reported within the typical two-business-day window.

Context

• These transactions are awards (not open-market purchases or sales). Awards and vested/earned shares reflect compensation and performance outcomes, so they do not necessarily signal the insider buying or selling for investment reasons.
• For retail investors, awards can dilute shares over time as they vest; performance share awards indicate the company met specified targets for the period noted.