Beckett Thomas 4

What Happened

• Thomas Beckett, SVP and General Counsel of American Public Education, received a grant of 14,425 performance-based restricted stock units (PSUs) on March 10, 2026. The award was granted at $0.00 (typical for RSU/PSU grants).
• To satisfy tax withholding on the vested portion, 2,169 shares were withheld/treated as disposed at $45.51 per share, generating proceeds of $98,711.

Key Details

• Transaction dates: Grant and withholding occurred on 2026-03-10; Form filed 2026-03-12.
• Award type: Performance-based RSUs under the 2017 Omnibus Incentive Plan (footnote F1).
• Vesting schedule: Award vests in three approximately equal installments on Mar 10, 2026; Feb 4, 2027; and Feb 4, 2028 (per footnote F1).
• Tax withholding: 2,169 shares were withheld by the issuer to cover tax obligations related to the vesting (footnote F2). This is recorded as a disposition (code F).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Filed two days after the transaction (appears timely).

Context

• This was an equity award (PSUs) tied to fiscal 2025 performance metrics (adjusted EPS and revenue); PSUs are conditional grants and only fully deliver if performance/vesting conditions are met.
• The withheld shares represent a routine tax-withholding action, not an open-market sale or change in ownership intent. Such withholdings are common when equity awards vest.