PRDO director granted 3,987 restricted stock units
PERDOCEO EDUCATION Corp director Patrick W. Gross received an equity award.
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Form Type
4
Rhea-AI Filing Summary
PERDOCEO EDUCATION Corp director Patrick W. Gross received an equity award. He was granted 3,987 time-based restricted stock units under the company’s 2026 Long-Term Incentive Plan, with each unit representing one share of common stock.
The new units vest on June 14, 2027, meaning they convert into shares only if he remains eligible through that date. After this grant, Gross directly holds 118,957 shares and stock units in total, including previously granted deferred and restricted stock units under earlier incentive plans.
Insider Trade Summary
Grant/Award: 3,987 shares
Grant/Award
1 txn
Insider
GROSS PATRICK W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,987 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 118,957 shares (Direct)
Footnotes (2)
- F1. Time-based restricted stock units granted pursuant to Issuer's 2026 Long-Term Incentive Plan, with each unit representing the contingent right to receive one share of Issuer's common stock. These units vest on June 14, 2027.
- F2. Includes 14,619 vested deferred stock units 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.
Key Figures
RSUs granted: 3,987 units
Vesting date: June 14, 2027
Holdings after grant: 118,957 shares/units
+3 more
6 metrics
RSUs granted
3,987 units
Time-based restricted stock units granted under 2026 Long-Term Incentive Plan
Vesting date
June 14, 2027
Vesting date for the 3,987 newly granted restricted stock units
Holdings after grant
118,957 shares/units
Total direct holdings following the transaction
Vested deferred stock units
14,619 units
Vested deferred stock units under 2008 Incentive Compensation Plan
Unvested RSUs (2016 plan)
5,155 units
Unvested restricted stock units under 2016 Incentive Compensation Plan
Grant price
$0.0000 per share
Reported transaction price per share for the RSU grant
Key Terms
restricted stock units, deferred stock units, Long-Term Incentive Plan, Incentive Compensation Plan
4 terms
restricted stock units financial
"Time-based restricted stock units granted pursuant to Issuer's 2026 Long-Term Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
deferred stock units financial
"Includes 14,619 vested deferred stock units granted pursuant to Issuer's 2008 Incentive Compensation Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Long-Term Incentive Plan financial
"Time-based restricted stock units granted pursuant to Issuer's 2026 Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
Incentive Compensation Plan financial
"vested deferred stock units granted pursuant to Issuer's 2008 Incentive Compensation Plan"
An incentive compensation plan is a formal program that rewards employees and executives with bonuses, stock, or other payments tied to specific performance goals—such as revenue, profit, productivity, or long‑term share price. Investors watch these plans because they shape how leaders make decisions and take risks; like paying a coach by wins rather than effort, well‑designed plans can drive sustainable growth while poor designs can encourage short‑term behaviors that harm shareholder value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PERDOCEO EDUCATION (PRDO) director Patrick W. Gross receive in this Form 4?
Patrick W. Gross received 3,987 time-based restricted stock units as an equity award. Each unit represents the contingent right to one PRDO common share, granted as part of the company’s long-term incentive compensation program for directors.
When do Patrick W. Gross’s newly granted PRDO restricted stock units vest?
The 3,987 restricted stock units granted to Patrick W. Gross vest on June 14, 2027. Vesting means the units convert into common shares if he satisfies the service-based conditions through that date under the 2026 Long-Term Incentive Plan.
Is Patrick W. Gross’s PRDO equity award an open-market purchase or a compensation grant?
The Form 4 characterizes the 3,987-share award as a grant or award acquisition, not an open-market purchase. The transaction price per share is reported as $0.0000, indicating it was issued as part of compensation rather than bought in the market.
What other PERDOCEO EDUCATION (PRDO) equity awards does Patrick W. Gross hold?
In addition to the new grant, he holds 14,619 vested deferred stock units from the 2008 Incentive Compensation Plan and 5,155 unvested restricted stock units from the 2016 Incentive Compensation Plan. Each unit represents the right to receive one share of PRDO common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
