Thornton Leslie T 4

What Happened

• Leslie T. Thornton, a director of Perdoceo Education Corp. (PRDO), was granted 3,987 time‑based restricted stock units (RSUs) on May 21, 2026. The award was granted at $0.00 per share (no cash paid) and therefore has a reported transaction value of $0. These RSUs vest on June 14, 2027.

Key Details

• Transaction date: 2026-05-21; Filing date (Form 4): 2026-05-26.
• Grant: 3,987 RSUs; grant price reported $0.00; total transaction value reported $0.
• Shares/units referenced after the grant: Includes 14,619 vested deferred stock units (right to receive shares upon termination) and 5,155 unvested RSUs previously held, plus the newly granted 3,987 RSUs (collectively 23,761 units).
• Footnotes: F1 — these are time‑based RSUs under the 2026 Long‑Term Incentive Plan, vesting 6/14/2027. F2 — clarifies existing holdings: 14,619 vested deferred stock units and 5,155 unvested RSUs from earlier plans.
• Timeliness: The Form 4 was filed five days after the transaction date (May 21 → May 26), which appears later than the typical 2 business day reporting window for Form 4s.

Context

• RSU grants are awards, not purchases — Thornton did not pay cash to acquire these units. RSUs convert to actual shares only upon vesting (here, 6/14/2027), so they do not immediately increase tradable shares.
• Such awards are common compensation for directors and do not, by themselves, indicate a buy or sell signal; they reflect grant-based compensation and future potential ownership upon vesting.