Phoenix Education (PXED) CEO exercises options, withholds 45K shares
Rhea-AI Filing Summary
Phoenix Education Partners, Inc. (PXED) reported that Chief Executive Officer and director Lynne Christopher Mark exercised employee stock options for 75,260 shares of common stock at an exercise price of $11.04 per share. These options, granted under The University of Phoenix, Inc. Management Equity Plan, were fully exercised, leaving 0 options from this grant outstanding. In connection with the exercise, 45,249 shares of common stock were delivered or withheld at $28.74 per share to pay the exercise price or related tax liability. The company notes that Mark remains subject to previously disclosed transfer restrictions on PXED common stock until October 8, 2026, and no shares were sold by her in connection with this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 30,011 shares
Net Buy
3 txns
Insider
Lynne Christopher Mark
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F1 | 75,260 | -- | -- |
| Exercise | Common Stock, par value $0.01 per share | 75,260 | $11.04 | $831K |
| Exercise Price or Tax Liability | Common Stock, par value $0.01 per share | 45,249 | $28.74 | $1.30M |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock, par value $0.01 per share — 206,389 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: 75,260 shares
Option exercise price: $11.04 per share
Common shares acquired: 75,260 shares
+5 more
8 metrics
Options exercised
75,260 shares
Employee stock options exercised into common stock on 2026-08-25
Option exercise price
$11.04 per share
Exercise price of employee stock options converted into common stock
Common shares acquired
75,260 shares
Common stock received upon option exercise on 2026-08-25
Shares delivered/withheld for exercise price or tax liability
45,249 shares
Code F transaction at $28.74 per share in connection with the exercise
Code F price
$28.74 per share
Price used for shares delivered or withheld for exercise price or tax liability
Option expiration date
2026-08-31
Scheduled expiration date of the exercised employee stock options
Transfer restriction end date
2026-10-08
Date when restrictions on transfer of the CEO’s PXED common stock expire
Options remaining after exercise
0 options
Total shares following transaction for this derivative security
Key Terms
Employee Stock Option, Management Equity Plan, Payment of exercise price or tax liability by delivering or withholding securities, initial public offering, +1 more
5 terms
Employee Stock Option financial
"The stock options granted under The University of Phoenix, Inc. Management Equity Plan"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
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.
Payment of exercise price or tax liability by delivering or withholding securities financial
"transaction_code_description": "Payment of exercise price or tax liability"
initial public offering financial
"previously disclosed in connection with the Issuer's initial public offering"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
restrictions on transfer financial
"such restrictions, which will expire on October 8, 2026"
FAQ
What did PXED CEO Lynne Christopher Mark report in this Form 4?
She exercised 75,260 employee stock options for Phoenix Education Partners, Inc. common stock at an exercise price of $11.04 per share and received the same number of common shares, with related shares delivered or withheld to cover the exercise price or tax liability.
How many PXED stock options did the CEO exercise and at what price?
Lynne Christopher Mark exercised 75,260 stock options for Phoenix Education Partners, Inc. common stock at an exercise price of $11.04 per share, converting them into an equal number of common shares and reducing this option position to zero.
Why did the PXED CEO exercise these options at this time?
The footnote explains the options were exercised because they were scheduled to expire before certain restrictions on transfer of PXED common stock held by the CEO expire on October 8, 2026, as previously disclosed in connection with the company’s initial public offering.
What is the status of the CEO’s option grant after this PXED transaction?
After exercising 75,260 options, the filing shows 0 options remaining from this particular grant, indicating the entire reported option position under that award was exercised on August 25, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
