[Form 4/A] The GEO Group, Inc. Amended Insider Trading Activity
George C. Zoley, Executive Chairman and Director of The GEO Group, Inc. (GEO), reported amendments to insider sales tied to pre-arranged estate planning. The filings show pre-planned transactions beginning September 4, 2025 that contemplate a total of 155,881 shares. Since September 4, 2025, 62,353 shares have been sold under that plan. The Form 4/A corrects an earlier report: sales on September 4, 2025 totaled 31,177 shares at a weighted average price of $21.051, and sales on September 5, 2025 totaled 31,176 shares at a weighted average price of $20.9974. The report lists beneficial ownership totals of 3,975,608 shares after the September 4 sale and 3,944,432 shares after the September 5 sale. The filing also records a disposition of 50,000 restricted shares. The amendment was signed by an attorney-in-fact on behalf of Mr. Zoley.
- Corrective disclosure made via Form 4/A clarifying previously misstated sale quantity
- Detailed pricing ranges and weighted-average sale prices provided for the reported transactions
- Sales disclosed as part of pre-arranged estate planning, indicating an affirmative defense intent under Rule 10b5-1
- Material insider selling of 62,353 shares to date from a planned total of 155,881, reducing beneficial ownership
- Disposition of 50,000 restricted shares reported, which alters the composition of the reporting person’s holdings
Insights
TL;DR: Timely amendment improves disclosure but large pre-planned sales materially reduce an insider's stake.
The amended Form 4 clarifies prior misreporting and discloses that a series of estate-planning sales will involve 155,881 shares, with 62,353 sold so far. From a governance perspective, the use of pre-arranged estate planning is a legitimate mechanism for planned liquidity, and the amendment demonstrates corrective disclosure practices. However, ongoing sales that materially lower an executive chairman's holdings may be relevant to shareholder voting dynamics and perceived alignment with long-term shareholders. The filing also reports a 50,000-share restricted stock disposition, which is notable for ownership composition.
TL;DR: Insider executed multi-day sales at ~$21 per share as part of a planned estate program; amendment fixes a prior quantity error.
The transactions were executed in multiple trades with weighted average prices of $21.051 (Sept 4) and $20.9974 (Sept 5), and per the explanation prices ranged roughly between $20.7868 and $21.1882 across trades. The amendment corrects an earlier misstated sale quantity for Sept 5. For market-impact assessment, these are routine director-level liquidity events disclosed under Section 16, with explicit volumes and weighted-average prices provided for transparency.