Form 4: Laureate Education Director Pedro del Corro Reports Stock Sales and Purchase Agreement
SEC Form 4
Director Pedro del Corro reports multiple sales of Laureate Education Inc. stock and participation in a stock purchase agreement with the issuer.
Summary
- Pedro del Corro, a director of Laureate Education, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
- On October 29, 2021, Class B Common Stock converted into Common Stock.
- Between November 14, 2023, and December 1, 2023, Wengen Alberta, Limited Partnership, in which del Corro has indirect interests, sold shares in multiple transactions at prices ranging from $12.7 to $13.435.
- On March 5, 2024, del Corro participated in a Stock Purchase Agreement, selling shares to the Issuer at $12.62 per share.
- As a result of these transactions, del Corro's direct and indirect ownership of Laureate Education, Inc. common stock changed.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company directors as an indicator of management's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 10/29/2021 | Class B Common Stock converted into Common Stock |
| 11/14/2023 | Wengen sold shares at prices ranging from $13.270 to $13.435 |
| 11/15/2023 | Wengen sold shares at prices ranging from $13.150 to $13.480 |
| 12/01/2023 | Wengen sold shares at prices ranging from $13.250 to $13.330 |
| 03/05/2024 | Mr. del Corro entered into a Stock Purchase Agreement with the Issuer to sell shares at $12.62 per share |
| 03/18/2024 | Date of Form 4 filing |
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