Leeman Julia A. 4
4 · PERDOCEO EDUCATION Corp · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
PERDOCEO (PRDO) SVP Julia Leeman Receives Award, Surrenders Shares
What Happened
- Julia A. Leeman, SVP – Campus Operations, had performance-based restricted stock units (PSUs) vest on March 14, 2026 (reported as an exercise/conversion, code M). The filing shows 3,832 shares acquired on vesting. To satisfy tax withholding, she surrendered (disposed) a total of 4,690 shares (code F) at $35.78 per share, representing $167,809 withheld.
Key Details
- Transaction date: March 14, 2026; Form filed March 17, 2026 (within the standard two-business-day window).
- Acquired: 3,832 shares (code M) at $0.00 reported — result of PSU vesting.
- Disposed for tax withholding: 591, 468, 297 and 3,334 shares (total 4,690) at $35.78 each; total value withheld = $167,809.
- Net share change from these entries: -858 shares (3,832 acquired minus 4,690 surrendered).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 = shares surrendered to issuer to satisfy tax withholding; F2 = these were performance-based RSUs granted Mar 7, 2023 that vested at 200% of the target (hence 3,832 shares); F3 = 15,590 unvested RSUs remain outstanding for the reporting person.
- Transaction codes explained: M = exercise/conversion of derivative (vesting of PSUs); F = shares withheld/disposed to cover tax obligations.
Context
- This was not an open-market sale for cash but a routine surrender of shares to cover tax withholding tied to PSU vesting. Such transactions are common when awards vest and do not necessarily signal insider buying or selling intent.
Insider Transaction Report
Form 4
Leeman Julia A.
SVP - Campus Operations
Transactions
- Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−591$21,146→ 33,506 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−468$16,745→ 33,038 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−297$10,627→ 32,741 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−3,334$119,291→ 29,407 total - Exercise/Conversion
Common Stock
[F2][F3]2026-03-14+3,832→ 33,239 total
Footnotes (3)
- [F1]Reflects shares of common stock surrendered to Issurer 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 3,832 PSUs was included in the beneficial ownership total set forth on the Reporting Person's Form 3 filed on December 10, 2024 (the "Form 3"), 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 Form 3 are reported herein.
- [F3]Includes 15,590 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
Julia A. Leeman by POA: Andrew Terry|2026-03-17