Ashish R. Ghia, chief financial officer of Perdoceo Education Corp (NASDAQ:PRDO), completed the sale of 33,271 shares of common stock on March 18, 2026, producing proceeds of approximately $1.16 million. The trades were carried out in multiple executions at per-share prices ranging from $34.62 to $35.31. As of the latest quote, the stock trades at $34.56 and has risen 44% over the last 12 months.
Details filed on a Form 4 with the Securities and Exchange Commission show that the disposals broke down into two weighted-average tranches: 11,090 shares at a weighted average price of $35.07, and 22,181 shares at a weighted average price of $35.09. The report indicates the transactions were made pursuant to a Rule 10b5-1 trading plan that Ghia adopted on November 13, 2025.
Following these sales, Ghia retains direct ownership of 155,691 shares of Perdoceo Education Corp stock. That figure includes 108,185 unvested restricted stock units, as disclosed in the filing.
Separately, the company reported two corporate actions approved by its board of directors. First, Perdoceo established the 2026 Annual Incentive Plan for senior-level employees, including executive officers. The structure of the 2026 plan mirrors the company's 2025 plan and ties payout primarily to an adjusted operating income performance metric weighted at 80%, with the remaining 20% based on individual goals.
Second, Perdoceo authorized a new common stock repurchase program that allows the company to buy back up to $100 million of its outstanding common shares on the open market. The repurchase program is set to expire on June 30, 2027, and replaces the prior $75 million program.
Under the previous repurchase authorization, Perdoceo repurchased approximately 2.5 million shares at an average price of $29.80 per share, for total repurchases of about $74.8 million. The company disclosed these repurchase figures in its recent filings.
In addition to disclosure of the insider sale and corporate actions, the filing referenced an external assessment: according to InvestingPro, Perdoceo holds a "GREAT" financial health score and appears undervalued under a Fair Value analysis, with detailed metrics available to subscribers.
Summary: Perdoceo's CFO sold 33,271 shares on March 18, 2026 under a prearranged Rule 10b5-1 plan, generating about $1.16 million. The company also approved the 2026 Annual Incentive Plan that emphasizes adjusted operating income and launched a $100 million buyback program expiring June 30, 2027, replacing the prior $75 million program under which roughly 2.5 million shares were repurchased for $74.8 million.