Phoenix Education officer exercises 60,052 stock options
Phoenix Education Partners, Inc. Chief Academic Officer and Provost John Terrence Woods exercised employee stock options and covered related taxes using shares.
Rhea-AI Filing Summary
Phoenix Education Partners, Inc. Chief Academic Officer and Provost John Terrence Woods exercised employee stock options and covered related taxes using shares. On May 1, 2026, he exercised options for 60,052 shares of common stock at $11.04 per share.
To satisfy tax obligations, 34,296 shares of common stock were withheld at a reference price of $29.96 per share, classified as a tax-withholding disposition rather than an open-market sale. After these transactions, Woods directly held 68,316 shares, and the exercised option grant was fully used. A footnote states that no shares were sold and that transfer restrictions on his common stock continue until October 8, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
60,052 shares exercised/converted
Exercise
3 txns
Insider
Woods John Terrence
Role
Chief Academic Off. & Provost
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 60,052 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 60,052 | $11.04 | $663K |
| Exercise Price or Tax Liability | Common Stock, par value $0.01 per share | 34,296 | $29.96 | $1.03M |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock, par value $0.01 per share — 68,316 shares (Direct)
Footnotes (1)
- F1. The stock options granted under The University of Phoenix, Inc. Management Equity Plan (the "University Equity Plan") were exercised by the Reporting Person because such stock options were scheduled to expire prior to the expiration of certain restrictions on transfer of the Issuer's common stock by the Reporting Person, as previously disclosed in connection with the Issuer's initial public offering. The Reporting Person remains subject to such restrictions, which will expire on October 8, 2026. No shares of the Issuer's common stock were sold by the Reporting Person in connection with this transaction.
Key Figures
Options exercised: 60,052 shares
Option exercise price: $11.04 per share
Shares withheld for taxes: 34,296 shares
+2 more
5 metrics
Options exercised
60,052 shares
Employee stock options exercised on May 1, 2026 at $11.04
Option exercise price
$11.04 per share
Exercise price for 60,052 underlying common shares
Shares withheld for taxes
34,296 shares
Tax-withholding disposition at $29.96 reference price
Post-transaction holdings
68,316 shares
Common stock directly held after transactions
Transfer restriction end date
October 8, 2026
Lock-up style restriction on common stock transfers
Key Terms
Employee Stock Option (Right to Buy), tax-withholding disposition, derivative exercise/conversion, Management Equity Plan
4 terms
Employee Stock Option (Right to Buy) financial
"security_title: "Employee Stock Option (Right to Buy)""
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
Management Equity Plan financial
"granted under The University of Phoenix, Inc. Management Equity Plan"
A management equity plan is a company program that gives senior leaders and executives ownership stakes—such as stock or options—as part of their pay. It aligns managers’ financial incentives with shareholders by making part of their reward depend on the company’s stock performance, like tying a captain’s bonus to the ship’s successful voyage. Investors watch these plans because they affect dilution, executive motivation, and long-term company value.
FAQ
What insider transaction did PXED executive John Terrence Woods report?
John Terrence Woods reported exercising employee stock options for 60,052 shares of Phoenix Education Partners common stock. The transaction occurred on May 1, 2026 and reflects the conversion of options into directly held common shares as part of his compensation.
What were the key terms of the stock options Woods exercised at PXED?
Woods exercised employee stock options on May 1, 2026 for 60,052 underlying shares of Phoenix Education Partners common stock. The options carried an exercise price of $11.04 per share and were granted under The University of Phoenix, Inc. Management Equity Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
