CoreCivic (CXW) CAO sells 12,500 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoreCivic, Inc. Chief Administrative Officer Cole G. Carter executed an open-market sale of 12,500 shares of common stock at $20.64 per share. The transaction was carried out under a pre-arranged Rule 10b5-1 trading plan, and Carter continues to directly hold 228,383 shares after the sale.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 12,500 shares ($258,000)
Net Sell
1 txn
Insider
Carter, Cole G.
Role
Chief Administrative Officer
Sold
12,500 shs ($258K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,500 | $20.64 | $258K |
Holdings After Transaction:
Common Stock — 228,383 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 12,500 shares
Sale price per share: $20.64 per share
Shares held after sale: 228,383 shares
3 metrics
Shares sold
12,500 shares
Open-market sale of CoreCivic common stock
Sale price per share
$20.64 per share
Price for the 12,500 shares sold
Shares held after sale
228,383 shares
Direct holdings after the reported transaction
Key Terms
Rule 10b5-1 trading plan, open-market sale, Form 4
3 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan..."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did CoreCivic (CXW) executive Cole G. Carter report in this Form 4 filing?
Cole G. Carter reported an open-market sale of 12,500 shares of CoreCivic common stock. The shares were sold at $20.64 each, and he directly holds 228,383 shares after the transaction, according to the Form 4 disclosure.
Was the CoreCivic (CXW) insider sale made under a Rule 10b5-1 plan?
Yes. A footnote states the sales were effected under a Rule 10b5-1 trading plan adopted by Cole G. Carter. Such pre-arranged plans schedule trades in advance, helping separate routine liquidity transactions from discretionary market-timing decisions.
Is this CoreCivic (CXW) Form 4 filing an open-market sale or another type of transaction?
The filing describes the transaction as an open-market sale of common stock. The Form 4 uses transaction code “S” with the description “Sale in open market or private transaction,” indicating a standard sale rather than an option exercise or gift.