Perdoceo Education (PRDO) SVP granted time- and performance-based RSUs
Rhea-AI Filing Summary
Kline John Robert reported acquisition or exercise transactions in this Form 4 filing.
Perdoceo Education Corp reported that SVP, AIU John Robert Kline received equity awards in the form of restricted stock units tied to the company’s common stock. On March 10, 2026 he was granted 7,811 time-based restricted stock units and 7,811 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 amount vesting on March 14, 2029, with the actual shares issued ranging from 0% to 200% of target depending on operating performance.
After these awards, Kline directly holds 91,490 shares of common stock, which the disclosure states includes 88,290 unvested restricted stock units under the company’s 2016 Incentive Compensation Plan. The transactions are compensation-related grants rather than open-market purchases.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,811 | $0.00 | -- |
| Grant/Award | Common Stock | 7,811 | $0.00 | -- |
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 88,290 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.