What is Michele A. Peppers’ PRDO share ownership after these grants?

After these grants, Michele A. Peppers directly holds 51,484 Perdoceo Education common shares. This amount includes 30,227 unvested restricted stock units granted under the company’s 2016 Incentive Compensation Plan that may convert into shares as they vest.

Perdoceo (NASDAQ: PRDO) accounting chief awarded new RSU packages

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Peppers Michele A reported acquisition or exercise transactions in this Form 4 filing.

Perdoceo Education Corp reported that Principal Accounting Officer Michele A. Peppers received equity compensation in the form of restricted stock units. On March 10, 2026 she was granted 3,365 time-based restricted stock units and 2,243 performance-based restricted stock units at no cash cost. The time-based units vest in four equal installments on March 14 of 2027, 2028, 2029 and 2030. The performance-based units have a target vesting on March 14, 2029, with the actual shares delivered ranging from 0% to 200% of target based on specified operating criteria. Following these awards, she directly holds 51,484 common shares, which include 30,227 unvested restricted stock units granted under the company’s 2016 Incentive Compensation Plan.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Peppers Michele A

Role Principal Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,365	$0.00	--
Grant/Award	Common Stock	2,243	$0.00	--

Holdings After Transaction: Common Stock — 49,241 shares (Direct)

Footnotes (1)

Time-based 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. These units vest in four equal installments on each of March 14, 2027, 2028, 2029 and 2030. Performance-based 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. This amount represents the target number on the vesting date of March 14, 2029. The actual number of shares issued will range from 0-200% of target based on the level of achievement of certain operating criteria. Includes 30,227 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.

Form 4 Insider Transactions: What Each Field Means →

03/12/2026 - 06:00 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Peppers Michele A

(Last)

(First)

(Middle)

1750 E. GOLF ROAD

SUITE 350

(Street)

SCHAUMBURG

60173

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
PERDOCEO EDUCATION Corp [ PRDO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Principal Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/10/2026		A		3,365⁽¹⁾	A	$0	49,241	D
Common Stock	03/10/2026		A		2,243⁽²⁾	A	$0	51,484⁽³⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Time-based 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. These units vest in four equal installments on each of March 14, 2027, 2028, 2029 and 2030.

2. Performance-based 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. This amount represents the target number on the vesting date of March 14, 2029. The actual number of shares issued will range from 0-200% of target based on the level of achievement of certain operating criteria.

3. Includes 30,227 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.

	Michele A. Peppers by POA: Andrew Terru	03/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did PRDO disclose for Michele A. Peppers?

Perdoceo Education disclosed that Principal Accounting Officer Michele A. Peppers received equity awards of restricted stock units, rather than buying shares in the market. These grants increase her direct equity stake and align part of her compensation with the company’s future performance.

How many PRDO shares were granted to Michele A. Peppers in this Form 4?

Michele A. Peppers was granted 3,365 time-based restricted stock units and 2,243 performance-based restricted stock units. Each unit represents the contingent right to receive one share of Perdoceo Education common stock if the vesting conditions are satisfied.

What are the vesting terms of Michele A. Peppers’ time-based PRDO restricted stock units?

The time-based restricted stock units vest in four equal installments on March 14 of 2027, 2028, 2029 and 2030. Vesting requires continued service, meaning the units convert into common shares over time as employment conditions are met.

How do the performance-based PRDO restricted stock units for Michele A. Peppers work?

The performance-based restricted stock units have a target vesting date of March 14, 2029. The actual number of shares issued can range from 0% to 200% of the 2,243 target units, depending on achievement of specified operating performance criteria.

Did Michele A. Peppers pay cash for the PRDO shares reported in this Form 4?

No, the reported transactions show a price of $0.00 per share because they are equity awards, not market purchases. The grants represent compensation in restricted stock units rather than cash-funded open-market buying of Perdoceo Education stock.