Peppers Michele A 4
4 · PERDOCEO EDUCATION Corp · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Perdoceo (PRDO) Michele Peppers Exercises PSUs, Surrenders Shares for Taxes
What Happened
- Michele A. Peppers, Perdoceo (PRDO) Principal Accounting Officer, reported the vesting/exercise of 4,728 performance-based restricted stock units (PSUs) (acquired at $0.00 per share) and the surrender/disposition of 6,464 shares to the issuer to satisfy tax withholding obligations. The surrendered shares were recorded at $35.78 per share, totaling $231,282.
Key Details
- Transaction date: March 14, 2026; Form 4 filed March 17, 2026.
- Acquired: 4,728 shares via exercise/vesting of PSUs (code M) at $0.00 (report shows $0 value for exercise).
- Disposed/surrendered (tax withholding): 792, 402, 639, 436 and 4,195 shares (total 6,464) at $35.78 each — aggregate reported value $231,282.
- Footnotes: F1 — shares surrendered to satisfy tax withholding for RSU vesting; F2 — the 4,728 shares reflect additional PSUs tied to a March 7, 2023 grant that vested at 200% of target; F3 — reporting person has 20,435 unvested RSUs outstanding.
- This was not an open-market sale but a routine share surrender to cover taxes (dispositions coded as F).
Context
- The primary action was a vesting of performance-based awards (PSUs) with an accompanying cashless-style tax withholding where shares are surrendered to the company — a common, administrative step that does not necessarily indicate a change in sentiment. The filing shows both the acquisition from vesting and the related tax-related dispositions; it does not report an open-market sale.
Insider Transaction Report
Form 4
Peppers Michele A
Principal Accounting Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−792$28,338→ 50,692 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−402$14,384→ 50,290 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−639$22,863→ 49,651 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−436$15,600→ 49,215 total - Tax Payment
Common Stock
[F1]2026-03-14$35.78/sh−4,195$150,097→ 45,020 total - Exercise/Conversion
Common Stock
[F2][F3]2026-03-14+4,728→ 49,748 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 4,728 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 20,435 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.
Signature
Michele A. Peppers by POA: Andrew Terry|2026-03-17