Jansen Greg E. 4

What Happened
Greg E. Jansen, Senior Vice President and General Counsel of Perdoceo Education Corp (PRDO), reported the automatic conversion/vesting of 16,914 performance-based RSUs (reported as an exercise/conversion). To satisfy tax withholding on the vesting, he surrendered 19,025 shares back to the company at $35.78 per share, totaling $680,715 in withheld value. The converted shares were reported at $0.00 exercise price (these were vested awards, not a cash purchase).

Key Details

• Transaction date: March 14, 2026; Form filed March 17, 2026 (timely filing).
• Shares acquired: 16,914 (code M — exercise/conversion of derivative; reported as acquired at $0.00).
• Shares surrendered for tax withholding: 19,025 shares (five separate F-code dispositions at $35.78 each) for a total of $680,715.
• Shares owned after transaction: Not specified in the provided report.
• Notable footnotes:
  • F2: These were performance-based RSUs originally granted with a target of 16,914; performance achieved 200% of target, so additional PSUs vested (the extra shares not reported on the original 2023 Form 4 are included here).
  • F1: The reported disposals reflect shares surrendered to the issuer to satisfy tax withholding.
  • F3: The filing also notes 59,841 unvested restricted stock units remain outstanding to the reporting person.

Context
This was not an open-market sale or purchase. The transaction reflects PSUs vesting at the maximum performance level and a common "cashless" settlement/tax-withholding mechanism where vested shares are surrendered to cover tax obligations. Such withholding transactions are routine administrative actions and do not by themselves indicate a buy/sell signal.