Form 4: Perdoceo Education Corp CEO Todd Nelson Reports Stock Transactions
SEC Form 4 Filing
Todd Nelson, CEO of Perdoceo Education Corp, reports the disposition of shares to cover tax obligations and the vesting of performance-based restricted stock units.
Summary
- On March 14, 2025, Todd Nelson, the President and CEO of Perdoceo Education Corp, reported transactions involving the company's common stock.
- Nelson disposed of shares to satisfy tax withholding obligations related to the vesting of restricted stock units at a price of $24.6 per share.
- A total of 114,556 shares were disposed of for tax obligations.
- Additionally, 98,130 performance-based restricted stock units (PSUs) vested.
- These PSUs vested at 200% of the target due to the issuer's achievement of certain performance criteria.
- Nelson now beneficially owns 683,031 shares of common stock, including 420,081 unvested restricted stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing primarily reports routine transactions related to executive compensation. The vesting of PSUs at 200% is a positive signal, but the document itself is simply a disclosure.
Positives
- The vesting of performance-based restricted stock units at 200% suggests the company achieved its performance targets.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with the most knowledge of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/08/2022 | Date of grant of performance-based restricted stock units (PSUs). |
| 03/10/2022 | Original Form 4 filed reporting the initial target grant of PSUs. |
| 03/14/2025 | Date of reported transactions: disposition of shares for tax obligations and vesting of PSUs. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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