Todd S. Nelson - Mar 7, 2024 Form 4 Insider Report for PERDOCEO EDUCATION Corp (PRDO)

Role
President and CEO, Director
Signature
Todd S. Nelson by POA: Jeff Wigfield
Stock symbol
PRDO
Transactions as of
Mar 7, 2024
Transactions value $
$0
Form type
4
Date filed
3/11/2024, 04:15 PM
Previous filing
Feb 5, 2024
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRDO Common Stock Award $0 +67.3K +9.83% $0.00 752K Mar 7, 2024 Direct F1
transaction PRDO Common Stock Award $0 +67.3K +8.95% $0.00 820K Mar 7, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Time-based restricted stock units granted pursuant to Issuer's 2016 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of Issuer's common stock. These units vest in four equal installments on each of March 14, 2025, 2026, 2027 and 2028.
F2 Performance-based restricted stock units granted pursuant to Issuer's 2016 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of Issuer's common stock. This amount represents the target number on the vesting date of March 14, 2027. The actual number of shares issued will range from 0-200% of target based on the level of achievement of certain operating criteria.
F3 Includes 628,532 unvested restricted stock units granted pursuant to Issuer's 2016 Incentive Compensation Plan, with each unit representing the Compensation Plan, with each unit representing the contingent right to receive on share of Issuer's common stock.