Laureate Education enters new employment agreement with CEO Eilif Serck-Hanssen

LAUREATE EDUCATION, INC.

CEO Eilif Serck-Hanssen receives $850k base salary, 130% target bonus, $600k equity grant (50% RSU/50% PSU).
Target annual long-term incentive equity grant date value set at $2.55 million starting FY2024.
Enhanced severance during Special Severance Period (through April 7, 2025): 2x base+target, pro-rata bonus, accelerated vesting.
Modified Good Reason: base/target/LTIP reduction, title change, or relocation >50 miles; deemed window Jan 15–Feb 25, 2025.
Agreement supersedes prior retention bonus program and October 2022 letter.

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