Perdoceo (PRDO) director exercises 21,129 stock options into common shares
Rhea-AI Filing Summary
Perdoceo Education director Dennis Chookaszian exercised stock options and increased his direct shareholdings. On March 12, 2026, he exercised 21,129 non-qualified options for common stock at an exercise price of $5.96 per share, receiving 21,129 common shares. Following the exercise, he directly holds 138,583 common shares and indirectly holds 7,000 shares through his spouse. In addition, his holdings include 14,619 vested deferred stock units granted under the 2008 Incentive Compensation Plan and 5,155 unvested restricted stock units under the 2016 Incentive Compensation Plan, each unit tied to one share of common stock upon termination or vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 21,129 shares
Net Buy
3 txns
Insider
CHOOKASZIAN DENNIS
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Option (right to buy) | 21,129 | $0.00 | $0.00 |
| Exercise | Common Stock | 21,129 | $5.96 | $126K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Option (right to buy) — 0 shares (Direct);
Common Stock — 138,583 shares (Direct);
Common Stock — 7,000 shares (Indirect, By Spouse)
Footnotes (1)
- F1. Includes 14,619 vested deferred stock unites granted pursuant to Issuer's 2008 Incentive Compensation Plan, with each unit representing the right to receive one share of common stock upon Reporting Person's termination of service from Issuer. Also includes 5,155 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 upon vesting.
FAQ
What did Perdoceo (PRDO) director Dennis Chookaszian report in this Form 4?
Dennis Chookaszian reported exercising 21,129 non-qualified stock options for Perdoceo common shares at an exercise price of $5.96 per share. The transaction reflects a derivative exercise, with no open-market sale reported in this filing, and increases his direct equity exposure.
What type of transaction is coded as M in this Perdoceo (PRDO) Form 4?
The M code in this Form 4 indicates an exercise or conversion of a derivative security. Here, it reflects the exercise of 21,129 non-qualified stock options into the same number of Perdoceo common shares at an exercise price of $5.96 per share.
What deferred and restricted stock units does Dennis Chookaszian hold in Perdoceo (PRDO)?
He holds 14,619 vested deferred stock units granted under the 2008 Incentive Compensation Plan and 5,155 unvested restricted stock units under the 2016 Incentive Compensation Plan. Each unit represents the right to receive one Perdoceo common share upon termination or vesting, as applicable.
How many options did Dennis Chookaszian exercise in Perdoceo (PRDO) and at what price?
He exercised 21,129 non-qualified stock options for Perdoceo common stock. The options carried an exercise price of $5.96 per share, converting the derivative position into an equivalent number of common shares as disclosed in the Form 4 transactions.
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