NELSON TODD S 4

What Happened
Todd S. Nelson, President, CEO and a director of Perdoceo Education Corp (PRDO), received two awards on March 10, 2026 totaling 98,314 restricted stock units (RSUs). Both grants were reported as "A" (award/acquisition) on the Form 4 and show an acquisition price of $0.00 (standard for RSU grants), so reported cash value at grant is $0. One grant (49,157 RSUs) is time-based and the other (49,157 RSUs) is performance-based.

Key Details

• Transaction date(s): 2026-03-10 (reported on Form 4 filed 2026-03-12). Transaction code: A (award/grant).
• Shares/units granted: 49,157 time-based RSUs + 49,157 performance-based RSUs = 98,314 RSUs. Price reported: $0.00 per unit (no cash paid).
• Vesting/performance terms: Time-based RSUs vest in four equal installments on Mar 14 of 2027, 2028, 2029 and 2030 (footnote F1). Performance RSUs are target 49,157 units vesting Mar 14, 2029 with actual payout 0–200% of target based on operating metrics (footnote F2).
• Shares owned after transaction: The filing does not list a total owned-after number; footnote F3 notes 442,162 unvested RSUs granted under the plan (included in holdings disclosure).
• Timeliness: Filing appears timely (transaction 2026-03-10; Form 4 filed 2026-03-12).

Context
RSU awards are a form of equity compensation, not an open-market purchase or sale. Time-based RSUs vest over scheduled dates; performance RSU payout depends on achievement of specified targets and can range from 0% to 200% of target. Such grants are common for executive compensation and do not by themselves indicate buying or selling sentiment.