Form 4: Perdoceo Education Corp Officer Michele A. Peppers Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Michele A. Peppers, Principal Accounting Officer of Perdoceo Education Corp, sold 4,038 shares of common stock at $32 per share on May 12, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On May 12, 2025, Michele A. Peppers, the Principal Accounting Officer of Perdoceo Education Corp, sold 4,038 shares of the company's common stock.
- The sale was executed at a price of $32 per share.
- This transaction was conducted under a Rule 10b5-1 trading plan adopted on December 11, 2024.
- Following the transaction, Peppers directly owns 45,876 shares, which includes 24,619 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine transaction under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider transactions. Rule 10b5-1 plans are commonly used to allow insiders to sell shares without being accused of trading on non-public information.
Key Dates
| Date | Description |
|---|---|
| 12/11/2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 05/12/2025 | Date of the stock sale transaction |
| 05/14/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Perdoceo Education Corp, PRDO, Michele A. Peppers, Principal Accounting Officer, Stock Sale, Rule 10b5-1 Trading Plan, Insider Trading
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