Form 4: Adtalem Director Kenneth Phelan Reports Stock Transactions

Adtalem Global Education Director Kenneth Phelan reported the acquisition of 1,445 restricted stock units and the disposition of 392 shares for tax withholding.

Summary

• Director Kenneth Phelan acquired 1,445 restricted stock units (RSUs) as part of his director compensation on November 12, 2025.
• The number of RSUs awarded was determined by dividing the total dollar value of director compensation by the closing price of ATGE common stock ($96.86) on November 12, 2025.
• These newly acquired RSUs are scheduled to vest 100% on the one-year anniversary of the transaction date, November 12, 2026.
• On November 13, 2025, 392 shares of common stock were disposed of to satisfy tax withholding obligations upon the vesting of previously awarded restricted stock units.
• The disposition for tax withholding occurred at a price of $96.26 per share.
• Following these transactions, Kenneth Phelan directly beneficially owns 19,836 shares of Adtalem Global Education Inc. common stock.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to director compensation and tax withholding, which are neutral in sentiment.

Positives

• Kenneth Phelan, a Director, acquired 1,445 restricted stock units (RSUs) as part of his compensation package, demonstrating continued equity alignment with the company.

Negatives

• 392 shares were disposed of to satisfy tax withholding obligations upon the vesting of previously awarded restricted stock units, which is a routine reduction in direct share ownership.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The acquisition of 1,445 restricted stock units represents director compensation, a standard related party transaction.

Stakeholder Impact

• Shareholders: Minor impact as these are routine insider transactions related to director compensation and tax obligations, not indicative of significant changes in company performance or strategy.

Next Steps

• The 1,445 restricted stock units acquired on November 12, 2025, are scheduled to vest 100% on November 12, 2026.

Key Dates

Keywords

Adtalem Global Education, ATGE, Form 4, Insider Transaction, Restricted Stock Units, Director Compensation, Equity Ownership