PERDOCEO (PRDO) SVP granted time- and performance-based RSUs in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Araamudhu Sunitha reported acquisition or exercise transactions in this Form 4 filing.
PERDOCEO EDUCATION Corp senior vice president Sunitha Araamudhu received new equity awards in the form of restricted stock units. On March 10, 2026, she was granted 7,549 time-based restricted stock units that vest in four equal installments on March 14 of 2027, 2028, 2029 and 2030. She also received 7,549 performance-based restricted stock units tied to operating targets, with a target vesting date of March 14, 2029; the actual shares issued can range from 0% to 200% of this target based on performance. Following these awards, her holdings include 49,989 unvested restricted stock units under the company’s 2016 Incentive Compensation Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Araamudhu Sunitha
Role
SVP - AIUS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,549 | $0.00 | -- |
| Grant/Award | Common Stock | 7,549 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 42,440 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 49,989 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 equity awards did PERDOCEO (PRDO) SVP Sunitha Araamudhu receive?
She received two grants of 7,549 restricted stock units each, one time-based and one performance-based. Both were issued under PERDOCEO’s 2016 Incentive Compensation Plan and each unit represents the contingent right to receive one share of common stock.
How do the time-based restricted stock units for PRDO’s SVP vest?
The time-based restricted stock units vest in four equal installments on March 14 of 2027, 2028, 2029 and 2030. Each vested unit entitles Sunitha Araamudhu to receive one share of PERDOCEO common stock, subject to the plan’s standard conditions.
How are PRDO performance-based restricted stock units for the SVP determined?
The performance-based restricted stock units have a target of 7,549 units with a vesting date of March 14, 2029. The actual number of shares delivered can range from 0% to 200% of the target, depending on achievement of specified operating performance criteria.
How many unvested restricted stock units does PRDO’s SVP hold after this Form 4?
After these grants, Sunitha Araamudhu’s holdings include 49,989 unvested restricted stock units. Each unit represents the contingent right to receive one share of PERDOCEO common stock, all granted under the company’s 2016 Incentive Compensation Plan.
Does the PRDO Form 4 show any stock sales by the SVP?
No stock sales are reported; both transactions are coded as “A” for awards or other acquisitions of common stock. They reflect grants of restricted stock units rather than open-market purchases or sales, with no sale codes indicated in the filing’s transaction summary.