Restricted stock grant boosts GEO Group (NYSE: GEO) chair stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ZOLEY GEORGE C reported acquisition or exercise transactions in this Form 4 filing.
GEO Group Executive Chairman George C. Zoley reported an award of 250,000 shares of restricted stock at a price of $0.00 per share. The restricted stock vests 12 months after the grant date. Following this grant, he directly holds 300,000 shares of restricted stock and 3,850,904 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ZOLEY GEORGE C
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RESTRICTED STOCK | 250,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
RESTRICTED STOCK — 300,000 shares (Direct);
Common Stock — 3,850,904 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GEO (GEO) report for George C. Zoley?
GEO Group reported that Executive Chairman George C. Zoley received a grant of 250,000 restricted shares. The award was recorded at a price of $0.00 per share, reflecting an equity-based compensation grant rather than an open-market purchase or sale.
When does George C. Zoley’s new GEO restricted stock award vest?
The 250,000-share restricted stock grant to George C. Zoley vests 12 months after the grant date. This time-based vesting schedule ties the award to continued service over the one-year period following the award.
What is George C. Zoley’s direct GEO common stock holding after the filing?
The filing shows George C. Zoley directly holding 3,850,904 shares of GEO Group common stock. This number represents his direct common stock ownership immediately following the reported restricted stock transaction on the Form 4.
Was the GEO restricted stock grant to George C. Zoley a market purchase?
No, the 250,000-share GEO award was reported at $0.00 per share, indicating a grant or award acquisition. It was classified as a restricted stock grant, not an open-market purchase transaction.
What role does George C. Zoley hold at GEO Group in this Form 4?
In this Form 4, George C. Zoley is identified as GEO Group’s Executive Chairman. The reported restricted stock grant represents equity compensation associated with his leadership position at the company.