Peppers Michele A 4
4 · PERDOCEO EDUCATION Corp · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Perdoceo (PRDO) Michele Peppers Receives Restricted Stock Awards
What Happened Michele A. Peppers, Principal Accounting Officer of Perdoceo Education Corp (PRDO), received two awards on March 10, 2026: 3,365 time‑based restricted stock units (RSUs) and 2,243 performance‑based RSUs. Both awards were granted at a $0.00 price (typical for compensation grants), totaling 5,608 RSU awards (no cash exchange). These are awards under the issuer’s 2016 Incentive Compensation Plan and represent contingent rights to receive common shares in the future.
Key Details
- Transaction date: 2026-03-10 (Form 4 filed 2026-03-12; Period of Report 2026-03-10). Filing does not indicate a late report.
- Grants: 3,365 time‑based RSUs (F1) and 2,243 performance‑based RSUs (F2); price per unit $0.00; aggregate grant value reported as $0.
- Vesting: Time‑based RSUs vest in four equal installments on March 14 of 2027, 2028, 2029 and 2030 (F1). Performance RSUs have a target of 2,243 shares at the March 14, 2029 vesting date; actual payout may range from 0–200% of target based on operating performance (F2).
- Holdings note: Filing footnote (F3) indicates inclusion of 30,227 unvested restricted stock units.
- Transaction type code: A = Award/Grant (compensation), not a market purchase or sale.
Context RSUs are compensation awards that convert into shares only if and when vesting conditions are met; they do not represent an immediate cash investment by the insider. Time‑based RSUs vest over multiple years, while performance RSUs depend on meeting specified goals (and can pay out from 0% to 200% of target). Such grants are common in executive compensation and do not by themselves signal insider buying or selling intent.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-10+3,365→ 49,241 total - Award
Common Stock
[F2][F3]2026-03-10+2,243→ 51,484 total
Footnotes (3)
- [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, 2027, 2028, 2029 and 2030.
- [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, 2029. 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 30,227 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.