Czeszewski David C. 4
4 · PERDOCEO EDUCATION Corp · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Perdoceo (PRDO) CIO David Czeszewski Receives Award; Surrenders 11,380
What Happened
- David Czeszewski, SVP and Chief Investment Officer of Perdoceo Education Corp (PRDO), had performance-based restricted stock units convert into 9,094 shares (reported as an exercise/conversion). To satisfy tax-withholding obligations connected with RSU vesting, he surrendered a total of 11,380 shares to the issuer at $35.78 per share, representing aggregate withholding value of $407,176. These were not open-market sales but share surrenders to the company for taxes.
Key Details
- Transaction date: 2026-03-14; Form 4 filed: 2026-03-17 (Period of Report: 2026-03-14).
- Acquired: 9,094 shares via exercise/conversion of PSUs at $0.00 per share (transaction code M).
- Disposed (surrendered for tax withholding): 11,380 shares at $35.78 each; total value reported ≈ $407,176 (transaction code F).
- Breakdown of surrendered lots per filing: 1,223; 943; 748; 472; and 7,994 shares.
- Shares owned after the reported transactions: not specified in the filing.
- Relevant footnotes:
- F1: Surrenders reflect shares given to the issuer to satisfy tax withholding on RSU vesting.
- F2: The PSUs were originally a target grant of 9,094 PSUs (granted Mar 7, 2023); performance metrics resulted in vesting at 200% of target. The additional PSUs not previously reported are included here.
- F3: The filing notes 30,121 unvested restricted stock units remain outstanding under the company’s 2016 Incentive Compensation Plan.
Context
- This was a vesting/conversion of performance-based restricted stock units, not a market purchase or discretionary sale. The surrender of shares to cover taxes is routine following vesting and does not by itself signal a directional view on the stock.
- The filing reports the mechanical result of PSU vesting and tax withholding; it does not provide insight into future transactions or insider sentiment.
Insider Transaction Report
Form 4
Czeszewski David C.
SVP, CIO
Transactions
- Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−1,223$43,759→ 76,046 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−943$33,741→ 75,103 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−748$26,763→ 74,355 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−472$16,888→ 73,883 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−7,994$286,025→ 65,889 total - Exercise/Conversion
Common Stock
[F2][F3]2026-03-14+9,094→ 74,983 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 9,094 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 30,121 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
David C. Czeszewski by POA: Andrew Terry|2026-03-17