Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-05

Strategic Education (STRA)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$5,672,067
Karl McDonnell total, FY2025
60th
CEO pay percentile vs peers
69:1
CEO-to-median pay ratio
81.58%
Say-on-pay support, latest vote
Companies that benchmark against STRA
6 companies name STRA as a compensation peer

Each company listed discloses STRA in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named STRA in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Karl McDonnell$1,018,009$0$3,250,000$0$1,393,558$0$10,500$5,672,067
Chief Executive Officer & Director
Robert Silberman855,52803,250,00000010,5004,116,028
Chairman
Daniel Jackson616,96202,000,0000675,648010,6003,303,210
Executive Vice President, Chief Financial Officer & Chief Administrative Officer
Lizette Herraiz514,13501,000,0000422,280010,6851,947,100
Chief Legal Officer & General Counsel
Christa Hokenson514,13501,000,0000422,280010,5001,946,915
Chief Human Resources Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Karl McDonnell$5,672,067$5,487,873$5,417,738+184,194
Robert Silberman4,116,0284,092,3804,009,930+23,648
Daniel Jackson3,303,2103,210,3853,155,659+92,825
Lizette Herraiz1,947,1001,885,6051,858,997+61,495
Christa Hokenson1,946,9151,885,3801,824,032+61,535

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Lizette HerraizGENERAL COUNSEL2026-03-13D4,912$80$393,942CommonForm 4 ↗
Lizette HerraizGENERAL COUNSEL2026-03-13D2,68680213,644CommonForm 4 ↗
Robert S. SilbermanDirector2026-03-13A7188158,029CommonForm 4 ↗
Lizette HerraizGENERAL COUNSEL2026-03-18D2,98280238,202CommonForm 4 ↗
William J. SlocumDirector2026-04-22A1,43600CommonForm 4 ↗
G. Thomas Waite IIIDirector2026-04-22A1,43600CommonForm 4 ↗
Dr. Benjamin E. SasseDirector2026-04-22A1,43600CommonForm 4 ↗
Dr. Michael A. McRobbieDirector2026-04-22A1,43600CommonForm 4 ↗
Michael J. ThawleyDirector2026-04-22A6657348,352CommonForm 4 ↗
Viet D. DinhDirector2026-04-22A9578480,024CommonForm 4 ↗
Viet D. DinhDirector2026-04-22A1,43600CommonForm 4 ↗
Gregory W. CappelliDirector2026-04-22A1,43600CommonForm 4 ↗
Dr. Benjamin E. SasseDirector2026-04-22A9578480,024CommonForm 4 ↗
Robert R. GruskyDirector2026-04-22A1,43600CommonForm 4 ↗
Rita D. BrogleyDirector2026-04-22A1,43600CommonForm 4 ↗
Dr. Charlotte F. BeasonDirector2026-04-22A1,43600CommonForm 4 ↗
Michael J. ThawleyDirector2026-04-22A1,43600CommonForm 4 ↗
G. Thomas Waite IIIDirector2026-05-05D6667851,735CommonForm 4 ↗
Christa HokensonCHIEF HUMAN RESOURCES OFFICER2026-06-04D2,00080160,000CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Karl McDonnellRSU33,184$3,250,000
Lizette HerraizRSU10,2111,000,000
Christa HokensonRSU10,2111,000,000
Robert SilbermanRSU33,1843,250,000
Daniel JacksonRSU20,4212,000,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Karl McDonnell$3,250,000$0$00.0%
Lizette Herraiz1,000,000000.0%
Christa Hokenson1,000,000000.0%
Robert Silberman3,250,000000.0%
Daniel Jackson2,000,000000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Daniel JacksonRSU11,054$1,087,603
Lizette HerraizRSU5,527543,802
Robert SilbermanRSU55,2675,437,720
Karl McDonnellRSU55,2675,437,720
Christa HokensonRSU5,527543,802
05

Incentive-plan design — the Compensation Discussion & Analysis

It is the policy of the Company that the three primary components of the Company's compensation package for named executive officers (salary, non-equity incentive compensation, and equity grants) be considered in the aggregate. In other words, the total compensation of our executive officers should be appropriate to their contributions, and the amount of each component should take into account the size of their total compensation package, even if one individual component is larger or smaller than industry average.

CEO STI target (% of salary)125%
CEO LTI target (% of salary)
Independent consultantEquilar, Inc.
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20222022-04-2716,893,1233,815,127269,45381.58%Passed
20202020-04-2819,798,580393,05921,16498.05%Passed
20192019-04-3019,295,158199,656169,75598.98%Passed
20182018-11-0618,286,321195,23622,10398.94%Passed
20172017-05-029,624,33812,1303,43799.87%Passed
20162016-05-037,368,1542,480,61615,25174.81%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20222022-04-2781.58%a
20202020-04-2898.05%b
20192019-04-3098.98%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)69 : 1
CEO total compensation$5,672,067
Median employee compensation$82,241
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael J. ThawleyIndependent · Audit$85,000$120,000$0$100,000$305,000
Dr. Michael A. McRobbieIndependent · Compensation80,000120,000080,000280,000
Dr. Charlotte F. BeasonIndependent · Nominating80,000120,000075,000275,000
Viet D. DinhIndependent · Lead Independent Director · Nominating (Chair)20,000200,00000220,000
G. Thomas Waite IIIIndependent · Audit (Chair)95,000120,00000215,000
G. Thomas Waite, IIIIndependent · Audit (Chair)95,000120,00000215,000
Rita D. BrogleyIndependent · Compensation (Chair)90,000120,00000210,000
William J. SlocumIndependent · Audit85,000120,00000205,000
Jerry L. JohnsonIndependent · Not standing for re-election · Departed during FY82,500120,00000202,500
Dr. Benjamin E. SasseIndependent · Nominating80,000120,00000200,000
Robert R. GruskyIndependent · Nominating80,000120,00000200,000
Gregory W. CappelliIndependent · Compensation · Newly elected60,000120,00000180,000
Dr. John T. Casteen, IIIIndependent · Not standing for re-election · Departed during FY20,00000020,000
Dr. John T. Casteen IIIIndependent · Not standing for re-election · Departed during FY20,00000020,000
Karl McDonnellEmployee director00000
Robert S. SilbermanEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$200,000
Annual equity retainer$120,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 10,000 / 10,000
Stock ownership guideline5x cash retainer
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$972,500
Equity awards (grant-date value)$1,520,000
All other compensation$255,000
Total cost of the board$2,747,500

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

LRN Stride, Inc. (formerly K12, Inc.)CVSA Covista Inc. (formerly Adtalem Global Education Inc.)CHGG Chegg, Inc.PRDO Perdoceo Education CorporationBFAM Bright Horizons Family Solutions Inc.WLY John Wiley & Sons, Inc.UDMY Udemy, Inc.GHC Graham Holdings CompanyLOPE Grand Canyon Education, Inc.LAUR Laureate Education, Inc.PSO Pearson PLC
10a

Peer reciprocity

Of the companies Strategic Education names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Stride, Inc. (formerly K12, Inc.) (LRN)59 Covista Inc. (formerly Adtalem Global Education Inc.) (CVSA)60 Chegg, Inc. (CHGG)61 Perdoceo Education Corporation (PRDO) Bright Horizons Family Solutions Inc. (BFAM) John Wiley & Sons, Inc. (WLY) Udemy, Inc. (UDMY)62 Graham Holdings Company (GHC) Grand Canyon Education, Inc. (LOPE) Laureate Education, Inc. (LAUR) Pearson PLC (PSO)

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Strategic Education.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Stride, Inc. (formerly K12, Inc.)2025James Rhyu$1,000,000$16,860,903$0$3,619,426$21,496,095
2Covista Inc. (formerly Adtalem Global Education Inc.)2025Stephen Beard1,000,00013,999,52901,905,62517,244,988
3Strategic Education2025Karl McDonnell1,018,0093,250,00001,393,5585,672,067
4Udemy, Inc.2024Greg Brown583,7504,548,838005,151,396
5Chegg, Inc.2025Dan Rosensweig850,0004,070,000004,934,000
6Grand Canyon Education, Inc.2025Brian Mueller321,0001,211,6680481,5002,020,867
Perdoceo Education Corporationnot in coverage universe
Bright Horizons Family Solutions Inc.not in coverage universe
John Wiley & Sons, Inc.not in coverage universe
Graham Holdings Companynot in coverage universe
Laureate Education, Inc.not in coverage universe
Pearson PLCnot in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Strategic Education108.8%RSU 100not disclosedEquilar, Inc.
Bright Horizons Family Solutions Inc.not disclosednot disclosednot disclosednot disclosed
Chegg, Inc.not disclosedPSU 70 · RSU 30NoAon
Covista Inc. (formerly Adtalem Global Education Inc.)not disclosedPSU 60 · RSU 40NoMeridian (July 2024 - February 2025) and Aon Human Capital Solutions (March 2025 - end of FY25)
Graham Holdings Companynot disclosednot disclosednot disclosednot disclosed
Grand Canyon Education, Inc.150%RSU 100not disclosedMercer
John Wiley & Sons, Inc.not disclosednot disclosednot disclosednot disclosed
Laureate Education, Inc.not disclosednot disclosednot disclosednot disclosed
Pearson PLCnot disclosednot disclosednot disclosednot disclosed
Perdoceo Education Corporationnot disclosednot disclosednot disclosednot disclosed
Stride, Inc. (formerly K12, Inc.)181%PSU 60 · RSU 40NoCompensia
Udemy, Inc.not disclosedRSU 50 · PSU 50NoFW Cook

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Karl McDonnellDEF 14A2026-03-110001104659-26-026380Section “Summary Compensation Table”. As printed: 5,672,067. Filing ↗machine: span 569797–569806
2Section 01, Robert SilbermanDEF 14A2026-03-110001104659-26-026380Section “Summary Compensation Table”. As printed: 4,116,028. Filing ↗machine: span 559215–559224
3Section 01, Daniel JacksonDEF 14A2026-03-110001104659-26-026380Section “Summary Compensation Table”. As printed: 3,303,210. Filing ↗machine: span 580378–580387
4Section 01, Lizette HerraizDEF 14A2026-03-110001104659-26-026380Section “Summary Compensation Table”. As printed: 1,947,100. Filing ↗machine: span 591009–591018
5Section 01, Christa HokensonDEF 14A2026-03-110001104659-26-026380Section “Summary Compensation Table”. As printed: 1,946,915. Filing ↗machine: span 601566–601575
6Section 03, Karl McDonnell RSUDEF 14A2026-03-110001104659-26-026380Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t19 · r4 · c35 · span 632139–632148
7Section 03, Lizette Herraiz RSUDEF 14A2026-03-110001104659-26-026380Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t19 · r8 · c35 · span 649862–649871
8Section 03, Christa Hokenson RSUDEF 14A2026-03-110001104659-26-026380Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t19 · r10 · c35 · span 658697–658706
9Section 03, Robert Silberman RSUDEF 14A2026-03-110001104659-26-026380Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t19 · r2 · c35 · span 623360–623369
10Section 03, Daniel Jackson RSUDEF 14A2026-03-110001104659-26-026380Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t19 · r6 · c35 · span 641022–641031
11Section 07, pay ratioDEF 14A2026-03-110001104659-26-026380Section “CEO Pay Ratio”. As printed: 69 : 1. Filing ↗machine: span 803639–803641
12Section 08, Michael J. ThawleyDEF 14A2026-03-110001104659-26-026380Section “Director Compensation”. As printed: 305,000. Filing ↗machine: t8 · r11 · c23 · span 226426–226433
13Section 08, Dr. Michael A. McRobbieDEF 14A2026-03-110001104659-26-026380Section “Director Compensation”. As printed: 280,000. Filing ↗machine: t8 · r8 · c23 · span 218587–218594
14Section 08, Dr. Charlotte F. BeasonDEF 14A2026-03-110001104659-26-026380Section “Director Compensation”. As printed: 275,000. Filing ↗machine: t8 · r2 · c23 · span 202647–202654
15Section 08, Viet D. DinhDEF 14A2026-03-110001104659-26-026380Section “Director Compensation”. As printed: 220,000. Filing ↗machine: t8 · r1 · c23 · span 200044–200051
16Section 08, G. Thomas Waite IIIDEF 14A2026-03-110001104659-26-026380Section “Director Compensation”. As printed: 215,000. Filing ↗machine: t8 · r12 · c23 · span 229022–229029
17Section 08, G. Thomas Waite, IIIDEF 14A2026-03-110001104659-26-026380Section “Director Compensation”. As printed: 215,000. Filing ↗machine: t8 · r12 · c23 · span 229022–229029
18Section 08, Rita D. BrogleyDEF 14A2026-03-110001104659-26-026380Section “Director Compensation”. As printed: 210,000. Filing ↗machine: t8 · r3 · c23 · span 205263–205270
19Section 08, William J. SlocumDEF 14A2026-03-110001104659-26-026380Section “Director Compensation”. As printed: 205,000. Filing ↗machine: t8 · r10 · c23 · span 223807–223814
20Section 08, Jerry L. JohnsonDEF 14A2026-03-110001104659-26-026380Section “Director Compensation”. As printed: 202,500. Filing ↗machine: t8 · r7 · c23 · span 215984–215991
21Section 08, Dr. Benjamin E. SasseDEF 14A2026-03-110001104659-26-026380Section “Director Compensation”. As printed: 200,000. Filing ↗machine: t8 · r9 · c23 · span 221214–221221
22Section 08, Robert R. GruskyDEF 14A2026-03-110001104659-26-026380Section “Director Compensation”. As printed: 200,000. Filing ↗machine: t8 · r6 · c23 · span 213271–213278
23Section 08, Gregory W. CappelliDEF 14A2026-03-110001104659-26-026380Section “Director Compensation”. As printed: 180,000. Filing ↗machine: t8 · r4 · c23 · span 207954–207961
24Section 08, Dr. John T. Casteen, IIIDEF 14A2026-03-110001104659-26-026380Section “Director Compensation”. As printed: 20,000. Filing ↗machine: t8 · r5 · c5 · span 209165–209171
25Section 08, Dr. John T. Casteen IIIDEF 14A2026-03-110001104659-26-026380Section “Director Compensation”. As printed: 20,000. Filing ↗machine: t8 · r5 · c5 · span 209165–209171
26Section 08, Karl McDonnellDEF 14A2026-03-110001104659-26-026380Section “Director Compensation”. As printed: 0. Filing ↗
27Section 08, Robert S. SilbermanDEF 14A2026-03-110001104659-26-026380Section “Director Compensation”. As printed: 0. Filing ↗
28Section 02, Lizette Herraiz 2026-03-13Form 42026-03-160001747199-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Lizette Herraiz 2026-03-13Form 42026-03-160001747199-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Robert S. Silberman 2026-03-13Form 42026-03-160001256121-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Lizette Herraiz 2026-03-18Form 42026-03-200001747199-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, William J. Slocum 2026-04-22Form 42026-04-240001859730-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, G. Thomas Waite III 2026-04-22Form 42026-04-240001256125-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Dr. Benjamin E. Sasse 2026-04-22Form 42026-04-240002017287-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Dr. Michael A. McRobbie 2026-04-22Form 42026-04-240001877756-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Michael J. Thawley 2026-04-22Form 42026-04-240001945821-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Viet D. Dinh 2026-04-22Form 42026-04-240001306819-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Viet D. Dinh 2026-04-22Form 42026-04-240001306819-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Gregory W. Cappelli 2026-04-22Form 42026-04-240001396055-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Dr. Benjamin E. Sasse 2026-04-22Form 42026-04-240002017287-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Robert R. Grusky 2026-04-22Form 42026-04-240001256116-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Rita D. Brogley 2026-04-22Form 42026-04-240001623816-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Dr. Charlotte F. Beason 2026-04-22Form 42026-04-240001256111-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Michael J. Thawley 2026-04-22Form 42026-04-240001945821-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, G. Thomas Waite III 2026-05-05Form 42026-05-050001256125-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Christa Hokenson 2026-06-04Form 42026-06-050001768900-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
47Section 06, 2022 voteForm 8-K2022-05-030001104659-22-055258Item 5.07 · say-on-pay result. As reported: 81.58%. Filing ↗
48Section 06, 2020 voteForm 8-K2020-04-290001157523-20-000589Item 5.07 · say-on-pay result. As reported: 98.05%. Filing ↗
49Section 06, 2019 voteForm 8-K2019-05-010001157523-19-000992Item 5.07 · say-on-pay result. As reported: 98.98%. Filing ↗
50Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
51Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
52Section 09b board cost (computed)ComputedcomputedCash 972,500 + equity 1,520,000 + all other 255,000 = 2,747,500, summed across the director compensation table rows.machine: formula: Σ = 2,747,500
53Stride, Inc. (formerly K12, Inc.), Section 10b CEO totalDEF 14A2025-10-240001140361-25-039264CEO total compensation as printed in Stride, Inc. (formerly K12, Inc.)'s own proxy. As printed: 21,496,095. Filing ↗machine: r2 · c22 · span 1185718–1185729
54Covista Inc. (formerly Adtalem Global Education Inc.), Section 10b CEO totalDEF 14A2025-10-020001104659-25-096070CEO total compensation as printed in Covista Inc. (formerly Adtalem Global Education Inc.)'s own proxy. As printed: 17,244,988. Filing ↗machine: t220 · r5 · c16 · span 1815856–1815866
55Strategic Education (subject), Section 10b CEO totalDEF 14A2026-03-110001104659-26-026380CEO total compensation as printed in Strategic Education's own proxy. As printed: 5,672,067. Filing ↗machine: span 569797–569806
56Udemy, Inc., Section 10b CEO totalDEF 14A2025-04-250001607939-25-000046CEO total compensation as printed in Udemy, Inc.'s own proxy. As printed: 5,151,396. Filing ↗machine: r2 · c42 · span 749913–749922
57Chegg, Inc., Section 10b CEO totalDEF 14A2026-04-280001364954-26-000040CEO total compensation as printed in Chegg, Inc.'s own proxy. As printed: 4,934,000. Filing ↗machine: t129 · r3 · c15 · span 719980–719989
58Grand Canyon Education, Inc., Section 10b CEO totalDEF 14A2026-04-230001104659-26-047719CEO total compensation as printed in Grand Canyon Education, Inc.'s own proxy. As printed: 2,020,867. Filing ↗machine: t154 · r3 · c17 · span 873029–873038
59Section 10a, Stride, Inc. (formerly K12, Inc.) reciprocityDEF 14A0001140361-25-039264Stride, Inc. (formerly K12, Inc.) names Strategic Education in its own disclosed peer group (read from its most recent proxy). Filing ↗
60Section 10a, Covista Inc. (formerly Adtalem Global Education Inc.) reciprocityDEF 14A0001104659-25-096070Covista Inc. (formerly Adtalem Global Education Inc.) names Strategic Education in its own disclosed peer group (read from its most recent proxy). Filing ↗
61Section 10a, Chegg, Inc. reciprocityDEF 14A0001364954-26-000040Chegg, Inc. names Strategic Education in its own disclosed peer group (read from its most recent proxy). Filing ↗
62Section 10a, Udemy, Inc. reciprocityDEF 14A0001607939-25-000046Udemy, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategic Education. Filing ↗