Andrew Hurst - Mar 7, 2023 Form 4 Insider Report for PERDOCEO EDUCATION Corp (PRDO)

Role
President & CEO, Director
Signature
Andrew H. Hurst by POA: Jeff Wigfield
Stock symbol
PRDO
Transactions as of
Mar 7, 2023
Transactions value $
$0
Form type
4
Date filed
3/9/2023, 06:08 PM
Previous filing
Mar 16, 2022
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRDO Common Stock Award $0 +45.3K +16.26% $0.00 324K Mar 7, 2023 Direct F1
transaction PRDO Common Stock Award $0 +45.3K +13.99% $0.00 369K Mar 7, 2023 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, 2024, 2025, 2026 and 2027.
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, 2026. 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 254,644 unvested 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.