Andrew Hurst was the CEO of Perdoceo Education Corporation from January 2022 to November 2023. Under his leadership, the company focused on improving financial performance and adjusting its growth strategies in the education sector. Hurst came to the role with...

Andrew Hurst was the CEO of Perdoceo Education Corporation from January 2022 to November 2023. Under his leadership, the company focused on improving financial performance and adjusting its growth strategies in the education sector. Hurst came to the role with significant experience from within the company, having served previous senior roles, including Senior Vice President for Colorado Technical University. During his time as CEO, Hurst earned a total compensation of over $2.5 million in 2022, largely thanks to a substantial bonus linked to the company's overachievement on financial targets. Interestingly, in 2023, his compensation decreased as he prepared for his departure from the role. Hurst was also active in buying and selling shares in the company, reaching high personal holdings that peaked at approximately $6.5 million in mid-2023. His insider trading activity spiked notably during 2023, and he maintained a steady investment approach, making significant personal transactions as the stock's value fluctuated.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Perdoceo Education CEOs

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Andrew Hurst

Ex-CEO of Perdoceo Education

Field of Expertise

Other - Education

Sector of Economy

Consumer Defensive

CEO of Perdoceo Education for

1 year 9 months (Jan 2022 - Nov 2023)

Previous Experience

Senior Vice President – Colorado Technical University

Rivals

Competitors/colleagues of Andrew Hurst

Holdings

See how much did Andrew Hurst make over time.

Throughout his tenure as CEO, Andrew Hurst had a significant stake in Perdoceo Education, with his holdings peaking at around $6.5 million in July 2023. He sold shares regularly, with notable transactions often coinciding with fluctuations in stock value. His...

Throughout his tenure as CEO, Andrew Hurst had a significant stake in Perdoceo Education, with his holdings peaking at around $6.5 million in July 2023. He sold shares regularly, with notable transactions often coinciding with fluctuations in stock value. His insider trading reached a high point of approximately $5.79 million in August 2023. Hurst's financial commitment to the company showcased his confidence in Perdoceo's direction and overall growth potential. However, as he transitioned out of the role in November 2023, his shareholding value was seen to adjust downward, reflecting not only corporate performance but also his shifting position within the company.

Total Stock Sold

$1.77M

CECO

$900.83K

56,354 CECO shares

PRDO

$866.20K

56,450 PRDO shares

What if they kept their stock?

If Andrew Hurst didn't sell their stock, today they would have:
Extra CECO56,354 shares worth $635.11K and PRDO56,450 shares worth $691.51K.
This is -24.92% and $440.41K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Andrew Hurst.

PRDO

$264.90K

PRDO at $16.05/share

Aug 21, 2023

Sale

PRDO

$482.10K

PRDO at $16.07/share

Aug 17, 2023

Sale

PRDO

90,554 shares

PRDO

Mar 7, 2023

Received

PRDO

102,802 shares

PRDO

Mar 8, 2022

Received

PRDO

$118.68K

PRDO at $11.94/share

May 13, 2021

Sale

PRDO

39,516 shares

PRDO

Mar 8, 2021

Received

PRDO

26,532 shares

PRDO

Mar 5, 2020

Received

CECO

$534.90K

CECO at $19.08/share

Sep 16, 2019

Sale

CECO

27,482 shares

CECO

Aug 12, 2019

Received

CECO

82,521 shares

CECO

Dec 14, 2018

Received

Compensation History

See how much did Andrew Hurst make over time.

In his role as CEO of Perdoceo Education, Andrew Hurst was compensated based on both salary and performance-driven bonuses. In 2022, his total earnings reached approximately $2.5 million, where the bulk came from a 200% payout bonus linked to outstanding financial performance. However, this amount was significantly reduced to about $1.8 million in 2023 due to his exit from the position. His compensation strategy was designed to align his interests with the company’s success, linking his pay closely to financial metrics and achievements. This approach ensured that Hurst’s compensation reflected his actual contributions and the company's overall performance during his leadership period, demonstrating an interesting link between executive pay and business success.

Year

2023

Total Compensation

$1.83M

Salary

$587.08K

Board Justification

The compensation philosophy is designed to link each named executive officer’s compensation with the Company’s short-term and long-term performance and to align the interests of executives and stockholders.

Bonus

$1.24M

Board Justification

The bonus is based on the annual incentive plan (AIP) which was paid out at 200% of target award opportunities based on overachievement of financial objectives for the year 2023.

Other

$0.00

Board Justification

No other compensation was reported for Mr. Hurst in 2023.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as Mr. Hurst was no longer an employee by the time of vesting.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 were based on adjusted operating income (AOI) and individual performance goals.

Other Perdoceo Education CEOs

Here are other CEOs of Perdoceo Education

Todd Nelson

Ex-CEO of Perdoceo Education

April 2020 - January 2022

Todd Nelson

CEO of Perdoceo Education

November 2023 - Present