James H. Black - 01 Mar 2023 Form 4 Insider Report for GEO GROUP INC (GEO)

Signature
/s/Joe Negron, as Attorney-in-Fact for James H. Black
Issuer symbol
GEO
Transactions as of
01 Mar 2023
Net transactions value
-$32,072
Form type
4
Filing time
03 Mar 2023, 15:54:45 UTC
Previous filing
14 Dec 2022
Next filing
19 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEO Restricted Stock Award $0 +44,715 +40% $0.000000 155,965 01 Mar 2023 Direct F1, F2
transaction GEO Common Stock Tax liability $32,072 -3,536 -22% $9.07 12,837 01 Mar 2023 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, 2023 to December 31, 2025 as certified by the compensation committee. Under the terms of the restricted stock grant, these shares will vest on March 15, 2026 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, 2023 vesting of 10,000 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.