Brian Evans - Mar 8, 2022 Form 4 Insider Report for GEO GROUP INC (GEO)

Role
SVP, Chief Financial Officer
Signature
/s/Joe Negron, as Attorney-in-Fact for Brian R. Evans
Stock symbol
GEO
Transactions as of
Mar 8, 2022
Transactions value $
-$228,730
Form type
4
Date filed
3/10/2022, 03:35 PM
Previous filing
Mar 3, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEO Common Stock Award $0 +49.7K +25.48% $0.00 245K Mar 8, 2022 Direct F1
transaction GEO Common Stock Tax liability -$229K -40.6K -16.56% $5.64 204K Mar 8, 2022 Direct F2
transaction GEO Restricted Stock Disposed to Issuer $0 -53.3K -11.83% $0.00 397K Mar 8, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount of shares reflects an increase to the vested restricted stock granted on March 1, 2019 and June 4, 2021 based upon the achievement of the performance-based metrics for the performance period from January 1, 2019 to December 31, 2021. This resulted in a payout of an aggregate of 103,061 shares of common stock.
F2 These shares were surrendered in order to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock.
F3 This amount of shares reflects the forfeiture of 20,000 shares of restricted stock granted on March 1, 2019 and 33,333 shares of restricted stock granted on June 4, 2021 based upon the results of the performance based metrics of the restricted stock during the period from January 1, 2019 to December 31, 2021.