James H. Black - Mar 1, 2024 Form 4 Insider Report for GEO GROUP INC (GEO)

Signature
/s/Joe Negron, as Attorney-in-Fact for James H. Black
Stock symbol
GEO
Transactions as of
Mar 1, 2024
Transactions value $
-$22,101
Form type
4
Date filed
3/5/2024, 05:05 PM
Previous filing
May 19, 2023
Next filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEO Restricted Stock Award $0 +34.6K +23.27% $0.00 183K Mar 1, 2024 Direct F1, F2
transaction GEO Common Stock Tax liability -$22.1K -1.83K -24.37% $12.09 5.67K Mar 1, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of this grant of restricted stock of GEO is contingent upon the achievement by GEO of certain performance-based metrics during the period from January 1, 2024 to December 31, 2026 as certified by the compensation committee. Under the terms of the restricted stock grant, these shares will vest on March 15, 2027 to the extent the performance goals are achieved. Of the grant of restricted stock, 50% is subject to vesting based on GEO's total shareholder return over a three-year period and 50% is subject to vesting based on certain return on capital employed performance goals being met.
F2 The amount of shares has been adjusted to reflect the March 1, 2024 vesting of 7,500 shares of restricted stock.
F3 These shares were surrendered in order to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock.