George C. Zoley - Mar 8, 2024 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, 2024
Transactions value $
-$1,931,002
Form type
4
Date filed
3/12/2024, 04:37 PM
Previous filing
Mar 5, 2024
Next filing
Mar 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEO Common Stock Award $0 +165K +4.51% $0.00 3.81M Mar 8, 2024 Direct F1, F2
transaction GEO Common Stock Tax liability -$1.93M -162K -4.25% $11.93 3.65M Mar 8, 2024 Direct F3
holding GEO Restricted Stock 92.1K Mar 8, 2024 Direct F2
holding GEO Common Stock 52.4K Mar 8, 2024 By the Holly A. Meehan 2020 Trust F4
holding GEO Common Stock 52.5K Mar 8, 2024 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, 2021 based upon the achievement of the performance-based metrics for the performance period from January 1, 2021 to December 31, 2023. This resulted in a payout of an aggregate of 433,360 shares of Common Stock.
F2 The amount of shares has been adjusted to reflect the March 8, 2024 vesting of 268,750 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 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.