Ghia Ashish R 4

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.