Form 4: Perdoceo Education Corp Director Patrick W. Gross Reports Acquisition of Common Stock and Grant of Restricted Stock Units

Director Patrick W. Gross reports acquisition of 6,256 shares of Perdoceo Education Corp common stock and holds 73,035 shares following the transaction on May 23, 2024.

Summary

• On May 23, 2024, Patrick W. Gross, a director of Perdoceo Education Corp, reported acquiring 6,256 shares of common stock.
• The acquisition was made at a price of $0 per share.
• Following the transaction, Gross directly owns 73,035 shares of Perdoceo Education Corp.
• The reported holdings include vested deferred stock units and unvested restricted stock units granted under the company's incentive compensation plans.
• Time-based restricted stock units were granted, vesting on June 14, 2025.
• 14,619 vested deferred stock units are included, representing the right to receive one share of common stock upon termination of service.
• 14,083 unvested restricted stock units are included, vesting upon certain conditions.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard reporting of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment.

Positives

• The acquisition of shares by a director may signal confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company.

Stakeholder Impact

• The transaction could have a minor impact on shareholders by potentially influencing the stock price, although insider transactions are common and often have limited immediate impact.

Key Dates