Joe Negron - Mar 8, 2023 Form 4 Insider Report for GEO GROUP INC (GEO)

Signature
/s/Joe Negron
Stock symbol
GEO
Transactions as of
Mar 8, 2023
Transactions value $
-$126,064
Form type
4
Date filed
3/10/2023, 03:32 PM
Previous filing
Mar 3, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEO Common Stock Award $0 +15K +37.21% $0.00 55.3K Mar 8, 2023 Direct F1, F2
transaction GEO Common Stock Tax liability -$126K -14.3K -25.84% $8.82 41K Mar 8, 2023 Direct F3
transaction GEO Restricted Stock Disposed to Issuer $0 -3.15K -1.56% $0.00 199K Mar 8, 2023 Direct F2, 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, 2020 based upon the achievement of the performance-based metrics for the performance period from January 1, 2020 to December 31, 2022. This resulted in a payout of an aggregate of 41,850 shares of common stock.
F2 This number has been adjusted to reflect the March 8, 2023 vesting of 26,850 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.
F4 This amount of shares reflects the forfeiture of 3,150 shares of restricted stock granted on March 1, 2020 based upon the results of the performance-based metrics of the restricted stock during the period from January 1, 2020 to December 31, 2022.