LIMITED POWER OF ATTORNEY

0001415889-21-002763.txt : 20210602 0001415889-21-002763.hdr.sgml : 20210602 20210602160845 ACCESSION NUMBER: 0001415889-21-002763 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210528 FILED AS OF DATE: 20210602 DATE AS OF CHANGE: 20210602 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Cardoso Marcelo CENTRAL INDEX KEY: 0001769387 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38002 FILM NUMBER: 21989168 MAIL ADDRESS: STREET 1: LAUREATE EDUCATION, INC. STREET 2: 650 SOUTH EXETER STREET CITY: BALTIMORE STATE: MD ZIP: 21202 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: LAUREATE EDUCATION, INC. CENTRAL INDEX KEY: 0000912766 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 521492296 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 650 S. EXETER STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 4108436100 MAIL ADDRESS: STREET 1: 650 S. EXETER STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: SYLVAN LEARNING SYSTEMS INC DATE OF NAME CHANGE: 19930929 3 1 form3-06022021_010626.xml X0206 3 2021-05-28 0 0000912766 LAUREATE EDUCATION, INC. LAUR 0001769387 Cardoso Marcelo C/O LAUREATE EDUCATION, INC. 650 S. EXETER STREET BALTIMORE MD 21202 false true false false CHIEF OPERATING OFFICER Class A Common Stock 67962 D Employee Stock Option (Right to Buy) 27.04 2021-06-01 Class B Common Stock 29250 D Employee Stock Option (Right to Buy) 31.92 2022-09-13 Class B Common Stock 18000 D Employee Stock Option (Right to Buy) 17.44 2023-10-02 Class B Common Stock 11650 D Employee Stock Option (Right to Buy) 17.89 2027-06-14 Class A Common Stock 2776 D Employee Stock Option (Right to Buy) 13.97 2028-03-07 Class A Common Stock 9697 D Employee Stock Option (Right to Buy) 14.90 2029-03-06 Class A Common Stock 13656 D Includes 18,857 restricted stock units, 8,655 of which will vest on December 31, 2021, 6,808 of which will vest on December 31, 2022 and 3,394 of which will vest on December 31, 2023, in each case, subject to the reporting person's continued employment through the applicable vesting date. These options are fully exercisable. Each share of Class B Common Stock ("Class B Common Stock") of Laureate Education, Inc. (the "Company") is convertible into one share of Class A Common Stock of the Company ("Class A Common Stock") upon the election of the holder or upon transfer, subject to the terms of the Company's Amended and Restated Certificate of Incorporation. This option vests in three equal annual installments. The first two annual installments vested on December 31, 2019 and December 31, 2020. Subject to the reporting person's continued employment, the final installment will vest on December 31, 2021. Exhibit List: Exhibit 24 - Limited Power of Attorney /s/ Laura Acton, attorney-in-fact for Mr. Cardoso 2021-06-02 EX-24 2 ex24-06022021_010627.htm LIMITED POWER OF ATTORNEY

LIMITED POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned hereby makes, constitutes and appoints Richard H. Sinkfield, Laura Acton and Leslie Brush, and each of them, as the undersigned’s true and lawful attorney-in-fact (the “Attorney-in Fact”), with full power of substitution and resubstitution, each with the power to act alone for the undersigned and in the undersigned’s name, place and stead, in any and all capacities to:

prepare, execute and acknowledge in the undersigned’s name and on the undersigned’s behalf, and file with the Securities and Exchange Commission (“SEC”) a Form ID, including amendments thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling the undersigned to make electronic filings with the SEC of reports required or considered advisable under Section 16(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) or any rule or regulation of the SEC;

prepare, execute, acknowledge, deliver and file with the SEC, any national securities exchange or securities quotation system and Laureate Education, Inc. (the “Company”) any and all reports (including any amendment thereto) of the undersigned required or considered advisable under Section 16(a) of the Exchange Act and the rules and regulations thereunder, with respect to the equity securities of the Company, including Forms 3, 4 and 5;

seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information regarding transactions in the Company’s equity securities from any third party, including the Company and any brokers, dealers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such third party to release any such information to the Attorney-in-Fact;

perform any and all other acts which in the discretion of such Attorney-in-Fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

The undersigned acknowledges that:

(a)

this Limited Power of Attorney authorizes, but does not require, the Attorney-in-Fact to act at his or her discretion on information provided to such Attorney-in-Fact without independent verification of such information;

(b)

any documents prepared or executed by the Attorney-in-Fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information as the Attorney-in-Fact, in his or her discretion, deems necessary or desirable;

(c)

neither the Company nor the Attorney-in-Fact assumes any liability for the undersigned’s responsibility to comply with the requirements of Section 16 of the Exchange Act, any liability of the undersigned for any failure to comply with such requirements, or any liability of the undersigned for disgorgement of profits under Section 16(b) of the Exchange Act; and

(d)

this Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under Section 16 of the Exchange Act, including, without limitation, the reporting requirements under Section 16(a) of the Exchange Act.

The undersigned hereby grants to the Attorney-in-Fact full power and authority to do and perform each and every act and thing requisite, necessary or convenient to be done in connection with the foregoing, as fully, to all intents and purposes, as the undersigned might or could do in person, hereby ratifying and confirming all that the Attorney-in-Fact, or his or her substitute or substitutes, shall lawfully do or cause to be done by authority of this Limited Power of Attorney.

This Limited Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 or 5 with respect to the undersigned’s holdings of and transactions in equity securities of the Company, unless earlier revoked by the undersigned in a signed writing delivered to the Attorney-in-Fact.

IN WITNESS WHEREOF, the undersigned has executed this Limited Power of Attorney as of May 26, 2021.

Signature: /s/ Marcelo Cardoso

Print Name: Marcelo Cardoso