How Selden was paid
$5.1M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Angela K. SeldenPresident and Chief Executive Officer | $838,846 | — | $3,103,874 | $1,045,315 | $75,573 | $5,063,608 |
| Edward H. CodispotiExecutive Vice President, Chief Financial Officer | $91,731 | $70,000 | $318,057 | — | $2,442 | $482,230 |
| Nuno S. FernandesPresident, American Public University System | $510,962 | — | $434,556 | $340,398 | $33,410 | $1,319,325 |
| Mark L. ArnoldPresident, Rasmussen University | $411,923 | — | $331,100 | $454,222 | $20,404 | $1,217,650 |
| Thomas A. BeckettSenior Vice President and General Counsel | $418,884 | — | $455,247 | $273,877 | $32,613 | $1,180,621 |
| Richard W. Sunderland, Jr.Former Executive Vice President, Chief Financial Officer | $493,351 | — | $620,775 | $319,555 | $45,524 | $1,479,205 |
What changed and why
- $5.1MCEO Angela K. Selden received total compensation of $5,063,608 in 2025, compared to $2,909,301 in 2024.
- 82%Approximately 82% of the CEO total compensation opportunity for 2025 was performance-based or variable and at risk.
- $3.1MStock awards for the CEO increased to $3,103,874 in 2025 from $1,296,791 in the prior year.
- $1MNon-equity incentive plan compensation for the CEO was $1,045,315 for 2025 performance.
- 93%Stockholders expressed strong support for executive compensation with approximately 93% voting in favor at the prior say-on-pay vote.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.