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Perdoceo Education (PRDO) SVP granted time- and performance-based RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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.

Negative

  • None.
Insider Kline John Robert
Role SVP, AIU
Type Security Shares Price Value
Grant/Award Common Stock 7,811 $0.00 --
Grant/Award Common Stock 7,811 $0.00 --
Holdings After Transaction: Common Stock — 83,679 shares (Direct)
Footnotes (1)
  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.
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*
Kline John Robert

(Last) (First) (Middle)
1750 E. GOLF ROAD
SUITE 350

(Street)
SCHAUMBURG IL 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)
SVP, AIU
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)
Code V Amount (A) or (D) Price
Common Stock 03/10/2026 A 7,811(1) A $0 83,679 D
Common Stock 03/10/2026 A 7,811(2) A $0 91,490(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
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 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.
John Robert Kline by POA: Andrew Terry 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.

FAQ

What did Perdoceo Education (PRDO) disclose in John Robert Kline’s latest Form 4?

Perdoceo Education disclosed that SVP, AIU John Robert Kline received new restricted stock unit awards linked to common stock. These equity grants were issued as part of the company’s 2016 Incentive Compensation Plan and did not involve any open‑market share purchases or sales.

How many restricted stock units did John Robert Kline receive from Perdoceo Education (PRDO)?

John Robert Kline received 7,811 time-based restricted stock units and 7,811 performance-based restricted stock units. Each unit represents the right to receive one share of Perdoceo Education common stock, giving him a combined target of 15,622 additional shares subject to vesting and performance conditions.

What are the vesting terms for Kline’s new Perdoceo Education (PRDO) time-based RSUs?

Kline’s time-based restricted stock units vest in four equal installments on March 14 of 2027, 2028, 2029 and 2030. Each vesting date releases one quarter of the granted units, assuming continued satisfaction of the plan’s conditions, gradually delivering common shares over this multi‑year schedule.

How do the performance-based RSUs granted to Kline by Perdoceo Education (PRDO) work?

The performance-based restricted stock units have a target amount vesting on March 14, 2029. Actual shares issued can range from 0% to 200% of the 7,811 target units, depending on achievement of specified operating criteria, creating an incentive tied directly to Perdoceo Education’s business performance.

How many Perdoceo Education (PRDO) shares does John Robert Kline hold after these awards?

After the reported awards, Kline directly holds 91,490 shares of Perdoceo Education common stock. This figure includes 88,290 unvested restricted stock units granted under the company’s 2016 Incentive Compensation Plan, reflecting both already-issued shares and additional shares subject to future vesting conditions.

Were John Robert Kline’s new Perdoceo Education (PRDO) awards open-market purchases?

No, the awards were compensation-related grants, not open-market purchases. The Form 4 lists transaction code A, indicating grants or awards, and shows a price per share of zero, meaning Kline did not pay cash consideration to acquire these restricted stock units from Perdoceo Education.