George C. Zoley - Mar 8, 2022 Form 4 Insider Report for GEO GROUP INC (GEO)

Signature
/s/Joe Negron, as Attorney-in-Fact for George C. Zoley
Stock symbol
GEO
Transactions as of
Mar 8, 2022
Transactions value $
-$214,433
Form type
4
Date filed
3/10/2022, 03:32 PM
Previous filing
Mar 3, 2022
Next filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEO Common Stock Award $0 +46.6K +1.53% $0.00 3.1M Mar 8, 2022 Direct F1
transaction GEO Common Stock Tax liability -$214K -38K -1.23% $5.64 3.06M Mar 8, 2022 Direct F2
transaction GEO Restricted Stock Disposed to Issuer $0 -50K -7.78% $0.00 592K Mar 8, 2022 Direct F3
holding GEO Common Stock 52.4K Mar 8, 2022 By the Holly A. Meehan 2020 Trust F4
holding GEO Common Stock 52.5K Mar 8, 2022 By the Christopher N. Zoley Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amount of shares reflects an increase to the vested restricted stock granted on March 1, 2019 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 96,620 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 50,000 shares of restricted stock granted on March 1, 2019 based upon the results of the performance based metrics of the restricted stock during the period from January 1, 2019 to December 31, 2021.
F4 Represents shares held by trust for the benefit of the reporting person's child. The reporting person's spouse is the trustee of the trust. The reporting person has no pecuniary interest or investment control over these shares.