Perdoceo (PRDO) SVP Jansen logs PSU vesting and 19,025-share tax surrender
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perdoceo Education senior vice president and general counsel Greg E. Jansen reported equity compensation activity in company common stock. On March 14, 2026, performance-based restricted stock units granted on March 7, 2023 vested at 200% of the 16,914-share target, resulting in additional shares being issued.
In connection with this vesting, Jansen surrendered an aggregate 19,025 shares back to the company at $35.78 per share to cover tax withholding obligations, a non-market “F” code disposition. After these transactions, he directly holds 96,214 shares of common stock and still has 59,841 unvested restricted stock units outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Jansen Greg E.
Role
SVP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,060 | $35.78 | $74K |
| Tax Withholding | Common Stock | 1,598 | $35.78 | $57K |
| Tax Withholding | Common Stock | 1,275 | $35.78 | $46K |
| Tax Withholding | Common Stock | 846 | $35.78 | $30K |
| Tax Withholding | Common Stock | 13,246 | $35.78 | $474K |
| Exercise | Common Stock | 16,914 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 113,179 shares (Direct)
Footnotes (1)
- Reflects shares of common stock surrendered to Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units. Represents the vesting of performance-based restricted stock units ("PSUs") granted on March 7, 2023. The initial target grant of 16,914 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. Includes 59,841 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.
FAQ
What did Perdoceo Education (PRDO) disclose about Greg Jansen’s March 2026 Form 4?
Perdoceo Education reported that SVP and general counsel Greg E. Jansen had performance-based restricted stock units vest and received additional common shares, while surrendering some shares to cover tax withholding obligations related to the vesting event.
What performance-based equity award vested for Greg Jansen at Perdoceo Education (PRDO)?
A performance-based restricted stock unit grant of 16,914 target PSUs awarded on March 7, 2023 vested for Greg Jansen. The company reported that the performance criteria were achieved at 200% of target, leading to additional shares being issued upon vesting.
Does Greg Jansen still hold unvested equity awards in Perdoceo Education (PRDO)?
Yes. The filing notes that Greg Jansen continues to hold 59,841 unvested restricted stock units granted under Perdoceo Education’s 2016 Incentive Compensation Plan, each unit representing a contingent right to receive one share of common stock upon vesting.
Were Greg Jansen’s Perdoceo Education (PRDO) Form 4 transactions open-market sales?
No. The dispositions are coded “F” for tax-withholding, meaning shares were surrendered to the issuer to cover tax obligations from vesting, rather than sold in open-market transactions, according to the Form 4 transaction code descriptions and footnotes.