Keegan Lisa Graham 4

What Happened Lisa Keegan Graham, a director of Grand Canyon Education, was granted 498 restricted shares on 2026-06-10. The filing reports an acquisition price of $0.00 for a total reported value of $0. This was an award/grant of restricted stock (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-06-10; reported on Form 4 filed 2026-06-11 (timely filing).
• Grant: 498 shares at $0.00 per share (total $0 reported).
• Shares owned following the transaction: not specified in the filing.
• Footnote: The shares vest on the earlier of June 9, 2027 or immediately prior to the 2027 annual stockholders' meeting.
• Transaction code: A (award/grant of restricted stock).

Context Restricted stock awards are a form of compensation that typically vest over time or upon certain events; they do not require an immediate cash outlay by the grantee. A $0 acquisition price in the filing reflects that this was an awarded grant rather than a market purchase; it does not directly indicate the economic value for accounting or taxation purposes. Such director grants are common as compensation for service and are not, by themselves, a clear market signal.