Ghia Ashish R 4
4 · PERDOCEO EDUCATION Corp · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Perdoceo (PRDO) CFO Ashish Ghia Exercises PSUs, Surrenders Shares
What Happened
- Ashish Ghia, Chief Financial Officer of Perdoceo Education Corp (PRDO), reported that performance-based restricted stock units (PSUs) vested and were converted into common stock. The filing shows 27,290 shares acquired (exercise/conversion, code M) and a total of 34,464 shares surrendered (code F) to satisfy tax withholding obligations.
- The surrendered shares were disposed at $35.78 per share for aggregate proceeds of approximately $1.23 million; the acquired shares were reported at $0 exercise price because they resulted from PSU vesting. The PSU award vested at 200% of the original target grant.
Key Details
- Transaction date: March 14, 2026; Form 4 filed March 17, 2026 (timely filing).
- Shares acquired: 27,290 shares (code M — conversion of PSUs at $0.00).
- Shares surrendered (tax withholding): 34,464 shares total, at $35.78 per share, totaling roughly $1,233,123 (codes F).
- Breakdown of surrendered lots reported: 3,288; 2,932; 2,429; 1,727; and 24,088 shares.
- Notable footnotes:
- F1: Shares were surrendered to satisfy tax withholding on RSU vesting.
- F2: The PSUs granted on March 7, 2023 (target = 27,290 PSUs) vested at 200% of target; additional PSUs not previously reported are included here.
- F3: Filing discloses 108,185 unvested restricted stock units outstanding under the 2016 Incentive Compensation Plan.
- Shares owned after transaction: the filing does not state total common shares owned post-transaction; it does disclose 108,185 unvested RSUs.
Context
- This was a vesting/conversion of performance-based RSUs, not an open-market sale. The surrender of shares to cover taxes is a routine, cashless withholding action and should not be interpreted as a directional market bet.
- Transaction codes: M = exercise/conversion of derivative (PSUs converted to shares); F = disposition for tax withholding.
- Because the PSUs vested at 200% of target, the filing reports the additional shares arising from that higher payout.
Insider Transaction Report
Form 4
Transactions
- Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−3,288$117,645→ 192,848 total - Tax Payment
Common Stock
2026-03-14$35.78/sh−2,932$104,907→ 189,916 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−2,429$86,910→ 187,487 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−1,727$61,792→ 185,760 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−24,088$861,869→ 161,672 total - Exercise/Conversion
Common Stock
[F2][F3]2026-03-14+27,290→ 188,962 total
Footnotes (3)
- [F1]Reflects shares of common stock surrendered to Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
- [F2]Represents the vesting of performance-based restricted stock units ("PSUs") granted on March 7, 2023. The initial target grant of 27,290 PSUs was reported on the Reporting Person's Form 4 filed on March 9, 2023 (the "Original Form 4"), with the actual number of shares to be issued upon vesting ranging from 0-200% of the target grant amount based on the level of achievement of certain performance criteria. Based on the Issuer's level of achievement of the performance criteria, the PSUs vested at 200% of the target grant amount. As such, the additional PSUs not reported in the Original Form 4 are reported herein.
- [F3]Includes 108,185 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.
Signature
Ashish R. Ghia by POA: Andrew Terry|2026-03-17