Browning Lori 4

What Happened

• Lori Browning, Chief Accounting Officer of Grand Canyon Education (LOPE), was awarded 1,442 restricted shares on January 28, 2026. The reported acquisition price is $0.00, so the Form 4 lists the total dollar amount as $0. This is a compensation grant (award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-28; Form 4 filed: 2026-01-30 (appears timely under the two-business-day rule).
• Transaction type/code: A (award/grant).
• Shares granted: 1,442 restricted shares; reported acquisition price: $0.00; total reported value: $0.
• Vesting: 20% vests on March 1, 2027 (First Vesting Date) and 20% on each of the first four anniversaries of that date (annual installments through March 1, 2031).
• Shares owned after the transaction: not disclosed in the provided filing.

Context

• Restricted stock grants are a form of compensation that typically vest over time; they do not represent an immediate open-market purchase or sale and should not be read as a direct buy/sell signal. Vesting requirements mean the shares will only become fully owned (and freely sellable) upon each vesting date.