Perdoceo Education (PRDO) SVP granted time- and performance-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Leeman Julia A. reported acquisition or exercise transactions in this Form 4 filing.
Perdoceo Education senior vice president of campus operations Julia A. Leeman reported equity compensation awards in the form of restricted stock units tied to the company’s common stock. She received time-based units vesting annually from March 14, 2027 through 2030 and performance-based units targeted to vest on March 14, 2029, with the actual payout ranging from 0–200% of the target based on operating performance. Following these grants, she directly holds 34,097 common shares, including 22,782 unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Leeman Julia A.
Role
SVP - Campus Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,652 | $0.00 | -- |
| Grant/Award | Common Stock | 1,768 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 32,329 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 22,782 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 insider transaction did Perdoceo Education (PRDO) report for Julia A. Leeman?
Perdoceo Education reported that SVP of Campus Operations Julia A. Leeman received equity compensation awards in the form of restricted stock units tied to common stock, classified as grant or award acquisitions rather than open-market purchases or sales, increasing her direct equity-based stake in the company.
What are the terms of the time-based restricted stock units granted to Julia A. Leeman at PRDO?
The time-based restricted stock units were granted under Perdoceo Education’s 2016 Incentive Compensation Plan. Each unit represents a contingent right to one common share and vests in four equal installments on March 14 of 2027, 2028, 2029 and 2030, subject to continued service conditions.
How do the performance-based restricted stock units for PRDO’s Julia A. Leeman vest?
The performance-based restricted stock units also come from the 2016 Incentive Compensation Plan, with each unit tied to one common share. They have a target amount scheduled to vest on March 14, 2029, but the actual shares issued can range from 0–200% of target, depending on operating criteria.
How many unvested restricted stock units does Julia A. Leeman now hold at Perdoceo Education (PRDO)?
The filing notes that Julia A. Leeman’s holdings include 22,782 unvested restricted stock units granted under Perdoceo Education’s 2016 Incentive Compensation Plan, each representing a contingent right to receive one share of common stock once the applicable vesting requirements are fully satisfied.
Were Julia A. Leeman’s PRDO awards open-market stock purchases or compensation grants?
The reported transactions are classified with code “A” as grant, award or other acquisition of common stock-linked units. Footnotes describe them as time-based and performance-based restricted stock units granted under the 2016 Incentive Compensation Plan, indicating compensation awards rather than open-market buying or selling activity.