American Public Education Director Daniel Pianko Receives 1,107 Shares as Deferred Compensation

This Form 4 filing discloses that Daniel S. Pianko, a director and Chairperson of American Public Education Inc. (APEI), received 1,107 shares of common stock valued at $36.15 per share on July 1, 2026. The shares were issued pursuant to the company's non-employee director compensation policy, where Pianko elected to receive stock in lieu of cash retainers for his service as Board Chairperson. The transaction increased his total holdings to 35,546 shares. Notably, Pianko has elected to defer receipt of these shares until June 1, 2029, resulting in the issuance of deferred stock units rather than immediate delivery of shares. The filing indicates this is part of a structured compensation arrangement where shares are calculated based on the closing stock price on the first business day of the year and issued in quarterly installments in advance.