Perdoceo changes LTI mix to 50/50 for NEOs, awards CFO $352K retention bonus

PERDOCEO EDUCATION Corp

2022 Annual Incentive Plan uses 80% adjusted EBITDA / 20% individual goals with cap of 200% of target, same as 2021.
Long-term incentive mix for NEOs changed to 50% performance-based / 50% time-based from 70/30 to enhance retention.
CFO Ashish Ghia base salary increased 6% to $466,400, LTIP target raised from 125% to 140% of base salary.
Ghia received retention bonus of $352,000 payable in equal installments on March 14, 2023 and 2024.
Performance-based awards maintain three-year cliff vesting; overachievement up to 200% if third-year threshold met.

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