Baskel Elise 4

What Happened
Elise Baskel, Senior Vice President (CTU) of Perdoceo Education (PRDO), reported the vesting/conversion of performance-based restricted stock units (PSUs) and the surrender of shares to cover tax withholding. The target grant of 16,838 PSUs (granted Mar 7, 2023) vested at 200%, resulting in 33,676 shares total; this filing reports the additional 16,838 shares issued on vesting. To satisfy tax-withholding obligations, Baskel surrendered 21,334 shares at $35.78 per share, generating approximately $763,330 in withholding value. The newly issued shares were reported as acquired at $0 (reflecting vesting, not a cash purchase).

Key Details

• Transaction date reported: March 14, 2026; Form filed March 17, 2026.
• Vesting: 200% of the target 16,838 PSUs = 33,676 shares total; this filing reports the additional 16,838 shares (conversion/exercise code M) at $0.00.
• Shares surrendered for tax withholding (code F): 2,221; 1,822; 1,459; 956; and 14,876 — total 21,334 shares at $35.78 each, totaling ~$763,330.
• Footnotes: F1 = shares surrendered to satisfy tax withholding; F2 = PSUs granted Mar 7, 2023 vested at 200% (additional shares reported here); F3 = filing notes 55,982 unvested RSUs from the 2016 Incentive Plan.
• Shares owned after transaction: not fully specified in the filing; the report includes material unvested RSUs noted above.
• Filing timeliness: filing dated Mar 17 reporting Mar 14 transactions (filing date is provided on the form).

Context

• This was not an open-market sale or purchase by the insider but a routine vesting of performance awards and a cashless-type tax-withholding share surrender. Such surrender transactions commonly occur to cover tax liabilities and do not necessarily indicate a change in insider sentiment.
• For investors, actual "buy" signals are stronger than routine vesting or withholding events; this filing documents compensation-related activity rather than a market purchase or deliberate sale.