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American Public Education Executive Compensation (FY25)

APEI · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Angela Selden
Median of the other named officers
$1,217,650
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 22, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 27, 2026Latest filing (8-K): May 26, 2026
15 filings cited on this page
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252 figures on this page: 241 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on American Public Education

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Angela Selden: $2,909,301 → $5,063,608 (74.0% higher)
CEO pay ratio: 94:1 → 145:1 (54.3% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is American Public Education's chief executive and what were they paid?
Total compensation for Angela Selden, President and Chief Executive Officer, came to $5,063,608 in fiscal 2025. Selden's total was 74.0% higher than the $2,909,301 reported for fiscal 2024.
What was American Public Education's say-on-pay result?
Shareholders recorded 89.0% support for the say-on-pay proposal at the meeting held May 22, 2026 for fiscal 2025.
Which companies are in American Public Education's peer group?
The disclosed peer group names Covista Inc., Grand Canyon Education, Inc., Laureate Education, Inc., Lincoln Educational Services Corporation and Perdoceo Education Corporation, among others.
What is American Public Education's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 145:1, against median employee compensation of $34,846.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Angela Selden
President and Chief Executive Officer
◇—◇—◇—◇◇
Richard Sunderland
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Jeffery Tognola
Former Executive Vice President, Chief Marketing Officer
◇◇◇—◇—◇◇
Thomas Slagle
Former President, RU
Departed during or after this year
◇—◇———◇◇
Patrik Dyberg
Former Executive Vice President, Chief Technology Officer
Departed during or after this year
◇—◇—◇—◇◇
Harry Wilkins
Chief Executive Officer, HCN
◇—◇—◇—◇◇
Thomas Beckett
Senior Vice President and General Counsel
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Angela Selden
President and Chief Executive Officer
◇—◇—◇—◇◇
Richard Sunderland
Former Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Nuno Fernandes
President, American Public University System
◇—◇—◇—◇◇
Jeffery Tognola
Former Executive Vice President, Chief Marketing Officer
Departed during or after this year
◇◇◇—◇—◇◇
Craig MacGibbon
Executive Vice President, Chief Information Officer
◇—◇—◇—◇◇
Thomas Beckett
Senior Vice President and General Counsel
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Angela Selden
President and Chief Executive Officer
◇—◇—◇—◇◇
Richard Sunderland
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
Nuno Fernandes
President, American Public University System
◇—◇—◇—◇◇
Craig MacGibbon
Executive Vice President, Chief Information Officer
◇—◇—◇—◇◇
Thomas Beckett
Senior Vice President and General Counsel
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Angela Selden
President and Chief Executive Officer
◇—◇—◇—◇◇
Richard Sunderland Jr.
Former Executive Vice President, Chief Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
Nuno Fernandes
President, American Public University System
◇—◇—◇—◇◇
Mark Arnold
President, Rasmussen University
◇—◇—◇—◇◇
Thomas Beckett
Senior Vice President and General Counsel
◇—◇—◇—◇◇
Edward Codispoti
Executive Vice President, Chief Financial Officer
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Angela K. SeldenPSU◇◇◇—◇—◇
Angela K. SeldenRSU◇——◇——◇
Edward H. CodispotiRSU◇——◇——◇
Mark L. ArnoldRSU◇——◇——◇
Mark L. ArnoldPSU◇◇◇—◇—◇
Nuno S. FernandesRSU◇——◇——◇
Nuno S. FernandesPSU◇◇◇—◇—◇
Richard W. Sunderland JrRSU◇——◇——◇
Richard W. Sunderland JrPSU◇◇◇—◇—◇
Thomas A. BeckettRSU◇——◇——◇
Thomas A. BeckettPSU◇◇◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Angela SeldenRSU◇◇——
Richard Sunderland, Jr.RSU◇◇——
Nuno FernandesRSU◇◇——
Thomas BeckettRSU◇◇——
Mark ArnoldRSU◇◇——
Edward CodispotiRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Daniel S. Pianko
Board chair
◇◇————◇
Granetta B. Blevins
◇◇————◇
Richard J. Statuto
◇◇————◇
James Kenigsberg
◇◇————◇
Anna M. Fabrega
◇◇————◇
Michael D. Braner
◇◇————◇
William G. Robinson
◇—————◇
Eric C. Andersen
—◇————◇
Angela K. Selden served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Covista Inc. CVSA
  • Grand Canyon Education, Inc. LOPE
  • Laureate Education, Inc. LAUR
  • Lincoln Educational Services Corporation LINC
  • Perdoceo Education Corporation PRDO
  • Strategic Education, Inc. STRA
  • Stride, Inc. LRN
  • Universal Technical Institute, Inc. UTI

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 22, 2026=◇◇◇
2024May 23, 2025=◇◇◇
2023May 17, 2024=◇◇◇
2022May 19, 2023=◇◇◇
2021May 20, 2022=◇◇◇
2020May 21, 2021=◇◇◇
2019May 15, 2020=◇◇◇
2018May 10, 2019=◇◇◇
2017June 1, 2018=◇◇◇
2016May 12, 2017=◇◇◇
2015June 17, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Angela Selden (President and Chief Executive Officer), FY2025 total compensation $5,063,608 (base salary $838,846) [exec_comp, SEC accession 0001140361-26-013996, filed 2026-04-09]

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What this page does not include

Everything above is a fact American Public Education disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where American Public Education sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
252 figures on this page: 241 cited to the filing that reported them, 11 calculated from figures it prints.
241 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001104659-26-066248
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001140361-26-013996
    2025 Grants of Plan-Based Awards · 2025 Outstanding Equity Awards at Fiscal Year-End · 2025 DIRECTOR COMPENSATION · CEO Pay Ratio · and 1 more section
  3. 0001104659-25-052957
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001140361-25-012833
    Summary Compensation Table
  5. 0001104659-24-063388
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001140361-24-017936
    Summary Compensation Table
  7. 0001104659-23-063173
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001140361-23-016703
    Summary Compensation Table
  9. 0001104659-22-064228
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001104659-21-071508
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001104659-20-063231
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001144204-19-025343
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001144204-18-032806
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001144204-17-027591
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001144204-16-109304
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “American Public Education executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/APEI (accessed 2026).
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The paid brief for American Public Education

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $500 for the board report; $900 for both.
Get the executive briefGet the board briefNo account needed.
15 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Business Services rankings

Chief executive pay — Business ServicesCEO pay ratio — Business ServicesSay-on-pay support — Business Services

Peers American Public Education discloses

The companies named in APEI's own disclosed peer group.

Covista Inc.Grand Canyon Education, Inc.Laureate Education, Inc.Lincoln Educational Services CorporationPerdoceo Education CorporationStrategic Education, Inc.Stride, Inc.Universal Technical Institute, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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