Araamudhu Sunitha 4
4 · PERDOCEO EDUCATION Corp · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
PERDOCEO (PRDO) SVP Araamudhu Sunitha Exercises PSUs, Surrenders Shares
What Happened
Araamudhu Sunitha, Senior Vice President – AIUS at PERDOCEO EDUCATION Corp (PRDO), had performance-based restricted stock units convert to common shares (derivative exercise) and then surrendered a portion of the shares to the company to satisfy tax withholding. On 2026-03-14 she acquired 5,336 shares via exercise/conversion (derivative code M, exercise price $0.00) and disposed of four blocks totaling 7,068 shares (codes F — tax withholding) at $35.78 per share, totaling $252,892.
Key Details
- Transaction date: 2026-03-14; Form 4 filed 2026-03-17 (appears timely — within standard 2 business days).
- Acquired: 5,336 shares via exercise/conversion of PSUs (reported at $0.00 exercise price).
- Disposed (surrendered for tax withholding): 7,068 shares broken into 839, 666, 862 and 4,701-share lots at $35.78 each, total value $252,892.
- Shares owned after transaction: not specified in the provided excerpt.
- Footnotes of note:
- F1: Surrenders reflect shares given back to Issuer to satisfy tax withholding on RSU vesting.
- F2: These were performance-based RSUs (PSUs) granted 3/7/2023; the grant vested at 200% of target, and additional vested shares are being reported now.
- F3: The reporting person also holds 38,988 unvested RSUs under the 2016 Incentive Plan (each unit = one contingent share).
Context: This was effectively a cashless-like outcome — PSUs vested/converted into shares (an acquisition event), and some of those shares were immediately surrendered to the issuer to meet tax withholding obligations (routine, not an open-market sale). The filing is informational about compensation vesting rather than a discretionary buy or sell that signals an investment decision.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−839$30,019→ 49,150 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−666$23,829→ 48,484 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−862$30,842→ 47,622 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−4,701$168,202→ 42,921 total - Exercise/Conversion
Common Stock
[F2][F3]2026-03-14+5,336→ 48,257 total
Footnotes (3)
- [F1]Reflects shares of common stock surrendered to Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
- [F2]Represents the vesting of performance-based restricted stock units ("PSUs") granted on March 7, 2023. The initial target grant of 5,336 PSUs was reported on the Reporting Person's Form 4 filed on March 9, 2023 (the "Original Form 4"), with the actual number of shares to be issued upon vesting ranging from 0-200% of the target grant amount based on the level of achievement of certain performance criteria. Based on the Issuer's level of achievement of the performance criteria, the PSUs vested at 200% of the target grant amount. As such, the additional PSUs not reported in the Original Form 4 are reported herein.
- [F3]Includes 38,988 unvested restricted stock units granted pursuant to Issuer's 2016 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of Issuer's common stock.