Baskel Elise 4
4 · PERDOCEO EDUCATION Corp · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Perdoceo (PRDO) SVP Elise Baskel Exercises PSUs, Surrenders Shares
What Happened
Elise Baskel, Senior Vice President (CTU) of Perdoceo Education (PRDO), reported the vesting/conversion of performance-based restricted stock units (PSUs) and the surrender of shares to cover tax withholding. The target grant of 16,838 PSUs (granted Mar 7, 2023) vested at 200%, resulting in 33,676 shares total; this filing reports the additional 16,838 shares issued on vesting. To satisfy tax-withholding obligations, Baskel surrendered 21,334 shares at $35.78 per share, generating approximately $763,330 in withholding value. The newly issued shares were reported as acquired at $0 (reflecting vesting, not a cash purchase).
Key Details
- Transaction date reported: March 14, 2026; Form filed March 17, 2026.
- Vesting: 200% of the target 16,838 PSUs = 33,676 shares total; this filing reports the additional 16,838 shares (conversion/exercise code M) at $0.00.
- Shares surrendered for tax withholding (code F): 2,221; 1,822; 1,459; 956; and 14,876 — total 21,334 shares at $35.78 each, totaling ~$763,330.
- Footnotes: F1 = shares surrendered to satisfy tax withholding; F2 = PSUs granted Mar 7, 2023 vested at 200% (additional shares reported here); F3 = filing notes 55,982 unvested RSUs from the 2016 Incentive Plan.
- Shares owned after transaction: not fully specified in the filing; the report includes material unvested RSUs noted above.
- Filing timeliness: filing dated Mar 17 reporting Mar 14 transactions (filing date is provided on the form).
Context
- This was not an open-market sale or purchase by the insider but a routine vesting of performance awards and a cashless-type tax-withholding share surrender. Such surrender transactions commonly occur to cover tax liabilities and do not necessarily indicate a change in insider sentiment.
- For investors, actual "buy" signals are stronger than routine vesting or withholding events; this filing documents compensation-related activity rather than a market purchase or deliberate sale.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−2,221$79,467→ 85,565 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−1,822$65,191→ 83,743 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−1,459$52,203→ 82,284 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−956$34,206→ 81,328 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−14,876$532,263→ 66,452 total - Exercise/Conversion
Common Stock
[F2][F3]2026-03-14+16,838→ 83,290 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 16,838 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 55,982 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.