Baskel Elise 4

What Happened

• Elise Baskel, Senior Vice President, Chief Technology & Product Officer (CTU) at Perdoceo Education Corp. (PRDO), received two awards on 2026-03-10 totaling 15,644 restricted stock units (RSUs) — two grants of 7,822 RSUs each. The awards are reported at $0.00 per unit (award/grant, not a purchase or sale).
• One grant is time-based (vests in four equal installments on March 14 of 2027, 2028, 2029 and 2030). The other is performance-based (target amount vests on March 14, 2029; actual payout may be 0–200% of target depending on performance).

Key Details

• Transaction date: 2026-03-10; filing date: 2026-03-12 (Form 4 accession 0001193125-26-104523).
• Grant details: two awards of 7,822 RSUs each = 15,644 RSUs total; reported price $0.00 per unit (code A = Award/Grant).
• Vesting: Time-based RSUs vest in four equal annual installments (Mar 14, 2027–2030). Performance RSUs target vests Mar 14, 2029 with payout 0–200% based on operating criteria.
• Holdings reported: filing notes inclusion of 87,786 unvested RSUs previously granted (footnote F3).
• Each RSU represents the contingent right to receive one share of common stock if and when vesting/performance conditions are met.

Context

• RSU awards are compensation, not cash purchases or open-market buys; they don’t by themselves indicate insider buying or selling sentiment. Performance RSUs may result in more or fewer shares depending on goals being met (0–200% payout range). If and when RSUs vest and shares are issued, that can dilute existing shares.