Form 4: Laureate Education Director Andrew Cohen Receives Stock Grant and RSU Awards

Director Andrew Cohen received 8,939 shares of Laureate Education stock, including restricted stock units (RSUs), as part of his annual retainer for board service and chairman retainer.

Summary

• On May 30, 2024, Laureate Education granted Andrew Cohen, a director, 8,939 shares of common stock.
• This includes 1,989 shares of common stock and 6,950 restricted stock units (RSUs).
• The grant is part of Cohen's 2024 annual retainer for non-employee director service and his 2024 annual chairman retainer.
• The RSUs will vest in three installments at the end of each remaining calendar quarter of 2024, contingent on Cohen's continued service as a director.
• Cohen disclaims beneficial ownership of securities reported, except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of director compensation, which is generally neutral. The vesting schedule is a positive sign of alignment with shareholder interests.

Positives

• The grant of stock and RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service on the board.

Future Outlook

The RSUs will vest in three installments at the end of each of the remaining calendar quarters of 2024, provided that the Reporting Person continues to serve as a director of the Issuer's Board.

Management Comments

• The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of the Reporting Person's pecuniary interest therein, if any.
• The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership by the Reporting Person of any securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.

Industry Context

This is a standard practice for compensating board members of publicly traded companies.

Comparison to Industry Standards

• Director compensation packages typically include a mix of cash retainers, stock options, and restricted stock units.
• The specific amounts and vesting schedules vary depending on the company's size, industry, and performance.
• Comparing Laureate Education's director compensation to that of peer companies in the education sector would provide a more detailed assessment.

Stakeholder Impact

• Shareholders may view the stock grant and RSU awards as aligning the director's interests with the company's long-term performance.

Key Dates