Perdoceo Education (PRDO) director exercises options, sells shares to cover costs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PERDOCEO EDUCATION Corp director Patrick W. Gross exercised stock options and sold a portion of the resulting shares. He exercised non-qualified options for 21,129 shares of common stock at an exercise price of $5.96 per share. On the same date, he sold 3,647 common shares in an open-market transaction at $34.98 per share, with a footnote stating the sale was made to cover the exercise price and taxes. After these transactions, he directly held 114,970 common shares, which the footnotes state include 14,619 vested deferred stock units and 5,155 unvested restricted stock units that each correspond to one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,647 shares ($127,572)
Net Sell
3 txns
Insider
GROSS PATRICK W
Role
null
Sold
3,647 shs ($128K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Option (right to buy) | 21,129 | $0.00 | -- |
| Exercise | Common Stock | 21,129 | $5.96 | $126K |
| Sale | Common Stock | 3,647 | $34.98 | $128K |
Holdings After Transaction:
Non-Qualified Option (right to buy) — 0 shares (Direct, null);
Common Stock — 118,617 shares (Direct, null)
Footnotes (1)
- Reflects shares of common stock sold to cover the exercise price and taxes. 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
Open-market sale: 3,647 shares at $34.98
Options exercised: 21,129 shares at $5.96
Shares held after: 114,970 shares
+3 more
6 metrics
Open-market sale
3,647 shares at $34.98
Common Stock sale on May 12, 2026
Options exercised
21,129 shares at $5.96
Non-qualified option exercise on May 12, 2026
Shares held after
114,970 shares
Direct common stock ownership after transactions
Deferred stock units
14,619 units
Vested DSUs, each for one common share
Restricted stock units
5,155 units
Unvested RSUs tied to common shares
Option grant dates
Exercise 2017-06-14, expiry 2026-05-24
Non-qualified option lifecycle
Key Terms
Non-Qualified Option (right to buy), deferred stock units, restricted stock units, Incentive Compensation Plan
4 terms
Non-Qualified Option (right to buy) financial
"security_title: "Non-Qualified Option (right to buy)""
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.
restricted stock units financial
"Also includes 5,155 unvested restricted stock units granted pursuant to Issuer's 2016 Incentive Compensation 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.
Incentive Compensation Plan financial
"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
What insider transactions did PRDO director Patrick W. Gross report on this Form 4?
Patrick W. Gross reported exercising options for 21,129 PRDO common shares and selling 3,647 shares in an open-market transaction. The filing shows both the option exercise and the sale occurred on May 12, 2026, as part of a combined transaction sequence.
What are Patrick W. Gross’s PRDO holdings after these reported transactions?
After the transactions, Patrick W. Gross directly held 114,970 PRDO common shares. According to a footnote, this figure includes 14,619 vested deferred stock units and 5,155 unvested restricted stock units, each representing the right to receive one PRDO common share upon the applicable conditions.
What happened to the non-qualified stock option reported in the PRDO Form 4?
The non-qualified option covering 21,129 PRDO shares, with a $5.96 exercise price, was fully exercised on May 12, 2026. Following this exercise, the derivative position showed zero remaining options, indicating the entire grant was converted into common shares on that date.