Jansen Greg E. 4
4 · PERDOCEO EDUCATION Corp · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Perdoceo (PRDO) GC Greg Jansen Receives 16,914 Shares (PSU Vesting)
What Happened
Greg E. Jansen, Senior Vice President and General Counsel of Perdoceo Education Corp (PRDO), reported the automatic conversion/vesting of 16,914 performance-based RSUs (reported as an exercise/conversion). To satisfy tax withholding on the vesting, he surrendered 19,025 shares back to the company at $35.78 per share, totaling $680,715 in withheld value. The converted shares were reported at $0.00 exercise price (these were vested awards, not a cash purchase).
Key Details
- Transaction date: March 14, 2026; Form filed March 17, 2026 (timely filing).
- Shares acquired: 16,914 (code M — exercise/conversion of derivative; reported as acquired at $0.00).
- Shares surrendered for tax withholding: 19,025 shares (five separate F-code dispositions at $35.78 each) for a total of $680,715.
- Shares owned after transaction: Not specified in the provided report.
- Notable footnotes:
- F2: These were performance-based RSUs originally granted with a target of 16,914; performance achieved 200% of target, so additional PSUs vested (the extra shares not reported on the original 2023 Form 4 are included here).
- F1: The reported disposals reflect shares surrendered to the issuer to satisfy tax withholding.
- F3: The filing also notes 59,841 unvested restricted stock units remain outstanding to the reporting person.
Context
This was not an open-market sale or purchase. The transaction reflects PSUs vesting at the maximum performance level and a common "cashless" settlement/tax-withholding mechanism where vested shares are surrendered to cover tax obligations. Such withholding transactions are routine administrative actions and do not by themselves indicate a buy/sell signal.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−2,060$73,707→ 113,179 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−1,598$57,176→ 111,581 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−1,275$45,620→ 110,306 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−846$30,270→ 109,460 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−13,246$473,942→ 96,214 total - Exercise/Conversion
Common Stock
[F2][F3]2026-03-14+16,914→ 113,128 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 16,914 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 59,841 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.