Kline John Robert 4

What Happened

• John Robert Kline, Senior Vice President, AIU at Perdoceo Education Corp (PRDO), was granted two restricted stock unit (RSU) awards on 2026-03-10 totaling 15,622 units (7,811 time‑based RSUs + 7,811 performance‑based RSUs). Each unit represents the contingent right to receive one share of common stock. Grants were recorded at $0.00 per share (standard for RSU compensation), so no cash changed hands. This is a compensation award (A = Award/Grant), not a purchase or sale.

Key Details

• Transaction date: 2026-03-10; Form 4 filed 2026-03-12 (appears to be timely).
• Award amounts: 7,811 time‑based RSUs + 7,811 performance‑based RSUs = 15,622 target units; price per unit $0.00.
• Time‑based vesting (F1): vests in four equal installments on March 14 of 2027, 2028, 2029, and 2030.
• Performance RSUs (F2): target number vests on March 14, 2029; actual payout may be 0–200% of target depending on performance metrics.
• Holdings note (F3): filing indicates inclusion of 88,290 unvested RSUs (total unvested position referenced in the filing).
• Transaction code: A = grant/award. No indication of a sale, 10b5-1 plan, tax‑withholding settlement, or late filing in the document.

Context

• RSUs are compensation: they entitle the holder to receive shares if/when vesting conditions are met. Time‑based RSUs vest on schedule; performance RSUs depend on meeting specified operating targets, so final share delivery could be higher or lower than target.
• Because this is a grant, it reflects company compensation policy rather than a direct buy/sell signal by the insider. Retail investors typically view purchases as stronger signals of insider confidence; grants indicate management compensation and potential future dilution if/when shares vest.