Form 4: Strategic Education Inc. Executive Lizette Benedi Herraiz Reports Stock Transactions

Lizette Benedi Herraiz, General Counsel of Strategic Education, Inc., reports the acquisition and disposal of company stock, including shares withheld for taxes and restricted shares vesting in the future.

Summary

• On February 27, 2024, Lizette Benedi Herraiz, General Counsel of Strategic Education, Inc., disposed of 1,284 shares of common stock at a price of $95.85 per share to cover taxes related to vested performance-based restricted shares.
• On February 28, 2024, Ms. Herraiz acquired 10,520 restricted shares, which will vest on February 28, 2028, subject to performance criteria.
• Following these transactions, Ms. Herraiz beneficially owns 57,681 shares of Strategic Education, Inc., which includes 595 shares acquired through the company's 401(k) and Employee Stock Purchase plans.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by a company executive, with no inherent positive or negative sentiment.

Future Outlook

The vesting of the 10,520 restricted shares on February 28, 2028, is contingent upon the satisfaction of certain performance criteria.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor management's view of the company's stock.

Key Dates