Phoenix Education (PXED) executive exercises options, withholds shares for taxes
Rhea-AI Filing Summary
Phoenix Education Partners, Inc. (PXED) reported that Chief Human Resources Officer Cheryl M. Naumann exercised employee stock options and related share withholdings on August 26, 2026. She exercised 43,883 stock options at an exercise price of $11.04 per share, receiving an equal number of common shares. Of these, 25,502 common shares were delivered or withheld to pay the option exercise price or associated tax liability. The options were granted under The University of Phoenix, Inc. Management Equity Plan and were exercised because they were scheduled to expire before existing transfer restrictions on her PXED common stock lapse on October 8, 2026; no common shares were sold in connection with these transactions, and she remains subject to those transfer restrictions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 18,381 shares
Net Buy
3 txns
Insider
Naumann Cheryl M.
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F1 | 43,883 | -- | -- |
| Exercise | Common Stock, par value $0.01 per share | 43,883 | $11.04 | $484K |
| Exercise Price or Tax Liability | Common Stock, par value $0.01 per share | 25,502 | $28.80 | $734K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock, par value $0.01 per share — 61,203 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: 43,883 shares
Option exercise price: $11.04 per share
Common shares acquired from exercise: 43,883 shares
+4 more
7 metrics
Options exercised
43,883 shares
Employee Stock Option (Right to Buy) exercised on August 26, 2026
Option exercise price
$11.04 per share
Exercise price for 43,883 stock options
Common shares acquired from exercise
43,883 shares
Common Stock received on derivative exercise August 26, 2026
Shares delivered/withheld for exercise price or tax
25,502 shares
Code F transaction on August 26, 2026
Code F transaction price
$28.80 per share
Price associated with 25,502-share exercise-price-or-tax-liability disposition
Transfer restrictions end date
October 8, 2026
Date when restrictions on transfer of Reporting Person’s PXED common stock expire
Options remaining after transaction
0
Total shares following derivative transaction for the option position
Key Terms
Employee Stock Option (Right to Buy), Management Equity Plan, initial public offering, restrictions on transfer, +1 more
5 terms
Employee Stock Option (Right to Buy) financial
"Security title is listed as Employee Stock Option (Right to Buy)"
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.
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
"subject to such restrictions, which will expire on October 8, 2026"
Payment of exercise price or tax liability by delivering or withholding securities financial
"transaction code F description indicates payment of exercise price or tax liability"
FAQ
What insider transaction did PXED executive Cheryl M. Naumann report on this Form 4?
She exercised 43,883 stock options on August 26, 2026 at an exercise price of $11.04 per share, receiving 43,883 shares of common stock. In a related transaction, 25,502 common shares were delivered or withheld to pay the option exercise price or associated tax liability.
Why did Cheryl M. Naumann exercise Phoenix Education Partners (PXED) options at this time?
According to the footnote, the options were exercised because they were scheduled to expire before existing restrictions on transfer of her PXED common stock end. These transfer restrictions are scheduled to expire on October 8, 2026.
What plan governed the options exercised in this PXED Form 4 filing?
The stock options were granted under The University of Phoenix, Inc. Management Equity Plan, described as the University Equity Plan. The Form 4 notes that these options were exercised before their scheduled expiration under that plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
