Perdoceo CEO receives new stock unit awards
NELSON TODD S reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
NELSON TODD S reported acquisition or exercise transactions in this Form 4 filing.
Perdoceo Education President and CEO Todd S. Nelson reported equity grants of common-stock-based awards under the company’s 2016 Incentive Compensation Plan. He received two grants of 49,157 units each, one time-based and one performance-based, for a total of 98,314 restricted stock units.
The time-based units vest in four equal installments on March 14, 2027, 2028, 2029 and 2030. The performance-based units have a target vesting date of March 14, 2029, with actual shares earned ranging from 0–200% of target based on operating goals. After these awards, Nelson is shown with 502,361 common shares, including 442,162 unvested restricted stock units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 49,157 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 49,157 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. Includes 442,162 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
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What did Perdoceo (PRDO) CEO Todd S. Nelson report in this Form 4 filing?
How are Todd Nelson’s new time-based restricted stock units at Perdoceo (PRDO) scheduled to vest?
What are the performance conditions on Todd Nelson’s new PRDO performance-based stock units?
How many unvested restricted stock units does the Perdoceo (PRDO) CEO now have?
AI-generated analysis. How Rhea-AI works. Not financial advice.