Form 4: Perdoceo Education Corp: Director Thornton Exercises Options and Disposes of Shares
SEC Form 4 Filing
Director Leslie T. Thornton exercised options and disposed of shares of Perdoceo Education Corp on March 13, 2025.
Summary
- On March 13, 2025, Leslie T. Thornton, a director of Perdoceo Education Corp, executed transactions involving the company's stock.
- Thornton exercised non-qualified options to acquire 26,664 shares of common stock at a price of $3.93 per share.
- Simultaneously, Thornton disposed of 4,360 shares of common stock at a weighted average price of $24.08 per share, with individual trades ranging from $24.02 to $24.29.
- Following these transactions, Thornton beneficially owns 76,871 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 simply reports transactions. It doesn't indicate positive or negative outlook for the company.
Industry Context
This filing reflects insider trading activity, which is a common occurrence in publicly traded companies. Investors often monitor these filings to gain insights into management's perspective on the company's stock and future prospects.
Stakeholder Impact
- Shareholders may interpret the director's actions as a signal, though it's important to consider the context of the transactions.
Key Dates
| Date | Description |
|---|---|
| 06/14/2016 | Date exercisable for Non-Qualified Option (right to buy) |
| 03/13/2025 | Date of transaction: exercise of options and disposal of shares. |
| 03/17/2025 | Date of signature on the Form 4 filing. |
| 05/19/2025 | Expiration date for Non-Qualified Option (right to buy) |
Keywords
Form 4, Beneficial Ownership, Stock Options, Share Disposal, Director, Perdoceo Education Corp, PRDO, Leslie T. Thornton
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