Todd S. Nelson - Mar 8, 2022 Form 4 Insider Report for PERDOCEO EDUCATION Corp (PRDO)

Role
Executive Chairman, Director
Signature
Todd S. Nelson by POA: Michele R. Chaffee
Stock symbol
PRDO
Transactions as of
Mar 8, 2022
Transactions value $
$0
Form type
4
Date filed
3/10/2022, 03:49 PM
Previous filing
Dec 16, 2021
Next filing
Mar 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRDO Common Stock Award $0 +98.1K +10.6% $0.00 1.02M Mar 8, 2022 Direct F1
transaction PRDO Common Stock Award $0 +98.1K +9.59% $0.00 1.12M Mar 8, 2022 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, 2023, 2024, 2025 and 2026.
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 of shares issuable on the vesting date of March 14, 2025. The actual number of shares issued will range from 0-200% of target based on the level of achievement of certain performance criteria.
F3 Includes 642,498 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.