Form 4: Adtalem Director Lisa Wardell Reports Stock Transactions

Adtalem Global Education Director Lisa W. Wardell reported the acquisition of 1,445 restricted stock units and the disposition of 645 shares for tax withholding.

Summary

• Lisa W. Wardell, a Director of Adtalem Global Education Inc. (ATGE), reported transactions involving the company's common stock.
• On November 12, 2025, Wardell acquired 1,445 shares of common stock in the form of restricted stock units (RSUs) at a price of $96.86 per share.
• These RSUs represent a right to receive one share of common stock for each unit and are scheduled to vest 100% on the one-year anniversary of the transaction date.
• The number of RSUs awarded was determined by dividing the total dollar value of director compensation by the closing price of ATGE common stock on November 12, 2025.
• Following this acquisition, Wardell beneficially owned 44,896 shares.
• On November 13, 2025, Wardell disposed of 645 shares of common stock at a price of $96.26 per share.
• This disposition was to satisfy tax withholding obligations upon the vesting of previously awarded restricted stock units.
• After this transaction, Wardell's beneficial ownership stands at 44,251 shares.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to director compensation and tax withholding, which are neutral events and do not indicate a positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

The restricted stock units acquired on November 12, 2025, are scheduled to vest 100% on the one-year anniversary of that date.

Industry Context

This filing reports routine insider transactions related to director compensation and tax obligations, which are common across all publicly traded companies and do not reflect specific industry trends for the education sector.

Stakeholder Impact

• Shareholders: The transactions represent routine compensation and tax management for a director, with a minor net change in beneficial ownership. This is unlikely to have a significant direct impact on other shareholders.

Next Steps

• The 1,445 restricted stock units acquired on November 12, 2025, are expected to vest 100% on their one-year anniversary.

Key Dates

Keywords

Adtalem Global Education, ATGE, Form 4, Insider Transaction, Director Compensation, Restricted Stock Units, Stock Acquisition, Tax Withholding