Form 4: Perdoceo Education Corp CEO Todd Nelson Sells Shares
SEC Form 4 Filing
Todd Nelson, President and CEO of Perdoceo Education Corp, sold 17,670 shares of common stock in two transactions on March 27 and 28, 2024.
Summary
- Todd Nelson, the President and CEO of Perdoceo Education Corp, sold 16,000 shares of common stock on March 27, 2024, at a weighted average price of $17.70 per share.
- He then sold an additional 1,670 shares on March 28, 2024, at $17.79 per share.
- Following these transactions, Nelson directly owns 615,697 shares of Perdoceo Education Corp.
- This includes 424,451 unvested restricted stock units granted pursuant to the Issuer's 2016 Incentive Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock sales by an insider. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The stock sale could have a minor impact on shareholder sentiment, depending on how the market interprets the CEO's actions.
Key Dates
| Date | Description |
|---|---|
| 03/27/2024 | Todd Nelson sold 16,000 shares of Perdoceo Education Corp stock. |
| 03/28/2024 | Todd Nelson sold 1,670 shares of Perdoceo Education Corp stock. |
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