Form 4: Perdoceo Education Director Dennis Chookaszian Acquires 5,155 Restricted Stock Units

Perdoceo Education Corp. Director Dennis Chookaszian reported the acquisition of 5,155 time-based restricted stock units, increasing his direct beneficial ownership to 117,454 shares.

Summary

• Dennis Chookaszian, a Director of Perdoceo Education Corp. (PRDO), acquired 5,155 shares of common stock on May 22, 2025.
• The acquisition was in the form of time-based restricted stock units (RSUs) granted pursuant to the Issuer's 2016 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of common stock.
• These newly acquired RSUs were granted at a price of $0 per unit and are scheduled to vest on June 14, 2026.
• Following this transaction, Mr. Chookaszian's direct beneficial ownership stands at 117,454 shares of common stock.
• His direct holdings include 14,619 vested deferred stock units from the 2008 Incentive Compensation Plan (vesting upon termination of service) and 11,411 unvested restricted stock units from the 2016 Incentive Compensation Plan.
• Additionally, Mr. Chookaszian indirectly beneficially owns 7,000 shares of common stock through his spouse.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 6

Explanation: Slightly positive, as it indicates continued alignment of a director's interests with the company's performance through equity compensation.

Positives

• The grant of restricted stock units to a director aligns management's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-arranged and transparent compensation mechanism.

Future Outlook

The acquired restricted stock units are time-based and are scheduled to vest on June 14, 2026, contingent on continued service.

Industry Context

This Form 4 filing details a routine equity compensation grant to a director, a common practice across industries to incentivize long-term commitment and align interests with shareholders. It does not provide broader industry trends or competitive insights.

Stakeholder Impact

• Shareholders: The grant of equity to a director helps align the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

• The 5,155 restricted stock units are expected to vest on June 14, 2026, at which point they will convert into shares of common stock.

Key Dates

Keywords

Perdoceo Education Corp, PRDO, Dennis Chookaszian, SEC Form 4, Restricted Stock Units, RSU, Insider Transaction, Equity Compensation, Director, Beneficial Ownership