Kline John Robert 4
4 · PERDOCEO EDUCATION Corp · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Perdoceo (PRDO) SVP John Kline Receives Award, Surrenders Shares for Taxes
What Happened
John Robert Kline, Senior Vice President (AIU) of Perdoceo Education Corp (PRDO), had performance-based restricted stock units vest. The filing shows a conversion/exercise of 16,926 derivative units into common stock (acquired at $0.00) and the surrender of 18,887 shares to the issuer to satisfy tax withholding obligations. The surrendered shares are reported at $35.78 per share, totaling $675,777 in value (aggregate of the individual withholding events).
Key Details
- Transaction date: 2026-03-14; Form 4 filed: 2026-03-17 (timely filing).
- Acquired: 16,926 shares via exercise/conversion of derivative (code M) at $0.00.
- Disposed (surrendered for tax withholding): 2,037; 1,574; 1,251; 795; and 13,230 shares (total 18,887) at $35.78 each; aggregate value reported ≈ $675,777.
- Footnote highlights: the PSUs were originally granted 3/7/2023 (target 16,926) and vested at 200% of target based on performance, and additional vested PSUs not previously reported are included. Also, the reporting person holds 56,065 unvested RSUs under the 2016 Incentive Plan (each unit = 1 share).
- Filing status: appears timely (transaction 3/14; Form 4 filed 3/17). No 10b5-1 plan or gift indicated.
Context
This was primarily a PSU vesting event (an award converting to shares) with a routine cashless-like tax withholding: shares were surrendered to cover tax obligations rather than sold on the open market for cash proceeds to the insider. Vesting/award events are not direct buy/sell signals; they reflect compensation realization. For derivative transactions, “M” here indicates conversion/exercise of units into shares.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−2,037$72,884→ 89,453 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−1,574$56,318→ 87,879 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−1,251$44,761→ 86,628 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−795$28,445→ 85,833 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−13,230$473,369→ 72,603 total - Exercise/Conversion
Common Stock
[F2][F3]2026-03-14+16,926→ 89,529 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 16,926 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 56,065 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.