Form 4: Perdoceo Education Corp Director Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Todd S. Nelson, President and CEO of Perdoceo Education Corp, sold 38,984 shares of common stock at an average price of $24.66, executed under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 20, 2025, Todd S. Nelson, the President and CEO of Perdoceo Education Corp, sold 38,984 shares of common stock.
- The sale was executed at a weighted average price of $24.66 per share, with individual trades ranging from $24.41 to $24.86.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on August 13, 2024.
- Following the transaction, Nelson directly owns 644,047 shares, which includes 343,848 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock sale under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.
Industry Context
Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific inside information.
Key Dates
| Date | Description |
|---|---|
| 08/13/2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 03/20/2025 | Date of the transaction (sale of shares) |
| 03/24/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Perdoceo Education Corp, PRDO, Todd S. Nelson, Rule 10b5-1, Stock Sale, Insider Trading
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