Kline John Robert 4

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.