Form 4: Laureate Education VP Gerard Knauer Reports Stock Option Exercise and Sale
SEC Form 4
Gerard M. Knauer, VP, Accounting, Global Controller at Laureate Education, Inc., reported exercising stock options and selling a portion of the acquired shares on June 3, 2024.
Summary
- On June 3, 2024, Gerard M. Knauer, VP, Accounting, Global Controller at Laureate Education, Inc., exercised employee stock options to acquire 1,965 shares of common stock at a price of $7.64 per share.
- Simultaneously, Knauer sold 1,305 shares of common stock at a price of $15.7814 per share.
- Following these transactions, Knauer beneficially owns 16,628 shares of Laureate Education, Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard insider transaction disclosure.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a personal financial decision of an executive.
Key Dates
| Date | Description |
|---|---|
| December 31, 2014 | First vesting date of the employee stock option. |
| December 31, 2015 | Second vesting date of the employee stock option. |
| December 31, 2016 | Third vesting date of the employee stock option. |
| December 31, 2017 | Fourth vesting date of the employee stock option. |
| December 31, 2018 | Fifth vesting date of the employee stock option. |
| June 3, 2024 | Date of stock option exercise and sale of shares. |
| July 10, 2024 | Expiration date of the employee stock option. |
| June 5, 2024 | Date of signature for the Form 4 filing. |
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