Matthew Albence - Mar 1, 2024 Form 4 Insider Report for GEO GROUP INC (GEO)

Signature
/s/Joe Negron, as Attorney-in-Fact for Matthew T. Albence
Stock symbol
GEO
Transactions as of
Mar 1, 2024
Transactions value $
$0
Form type
4
Date filed
3/5/2024, 04:55 PM
Previous filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEO Restricted Stock Award $0 +32.9K +35.54% $0.00 125K Mar 1, 2024 Direct F1
holding GEO Common Stock 414 Mar 1, 2024 Direct
* 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.