Leeman Julia A. 4

What Happened
Julia A. Leeman, Senior Vice President — Campus Operations at Perdoceo Education Corp (PRDO), was granted a total of 4,420 restricted stock units (RSUs) on 2026-03-10. The grants break down to 2,652 time‑based RSUs and 1,768 performance‑based RSUs. These were awards (code A) granted at $0.00 per share (standard for RSU awards) and do not represent an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-10; Form 4 filed 2026-03-12 (filed within the SEC’s two-business-day requirement).
• Grants: 2,652 time‑based RSUs (F1) and 1,768 performance‑based RSUs (F2); total 4,420 RSUs. Price reported $0.00 (award).
• Vesting: Time‑based RSUs vest in four equal installments on March 14 of 2027, 2028, 2029 and 2030 (F1). Performance RSUs vest on March 14, 2029 at target; actual payout ranges from 0–200% of target based on operating performance (F2).
• Holdings note: Footnote F3 indicates 22,782 unvested RSUs are included in reported holdings.
• Nature of transaction: Award/grant (compensation), not an indicator of an immediate buy or sell of shares.

Context
RSU grants are a common form of executive compensation and represent the contingent right to receive shares if vesting conditions are met. Time‑based RSUs vest over set dates, while performance RSUs depend on achievement of specified metrics; the performance grant here could pay out more or less than target (0–200%). Because these are compensation awards (not open-market purchases), they should be interpreted as routine grant activity rather than a direct bullish or bearish insider trade.