Form 4: Perdoceo Education Corp Director Patrick W. Gross Reports Stock Transactions
SEC Form 4 Filing
Director Patrick W. Gross reports exercising options and disposing of shares of Perdoceo Education Corp stock.
Summary
- On February 21, 2025, Patrick W. Gross, a director of Perdoceo Education Corp, exercised non-qualified options to acquire 26,664 shares of common stock at a price of $3.93 per share.
- Following the exercise, Gross disposed of 3,960 shares at a weighted average price of $26.45 per share to cover tax obligations.
- After these transactions, Gross beneficially owns 92,339 shares of Perdoceo Education Corp.
- This includes 14,619 vested deferred stock units and 6,256 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of stock transactions by a company director.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in the education sector and other publicly traded industries.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 06/14/2016 | Date Non-Qualified Option (right to buy) was exercisable |
| 02/21/2025 | Date of transaction: exercising options and disposing of shares. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
| 05/19/2025 | Expiration date of Non-Qualified Option (right to buy) |
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