27,000-share restricted stock grant for GEO Group (NYSE: GEO) officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ragsdale Daniel H. reported acquisition or exercise transactions in this Form 4 filing.
GEO Group officer Daniel H. Ragsdale reported an equity award of 27,000 shares of restricted stock. The grant was made on February 24, 2026 and is split evenly between time-based and performance-based restricted stock.
Half of the award vests in three equal installments on each anniversary of the grant date over three years. The other half depends on GEO meeting performance metrics from January 1, 2026 to December 31, 2028, tied equally to return on capital employed goals and total shareholder return, with vesting extending through March 15, 2029 if targets are achieved.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Ragsdale Daniel H.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RESTRICTED STOCK | 13,500 | $0.00 | -- |
| Grant/Award | RESTRICTED STOCK | 13,500 | $0.00 | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
RESTRICTED STOCK — 54,375 shares (Direct);
COMMON STOCK — 21,401.142 shares (Direct)
Footnotes (1)
- The reporting person received a grant of 27,000 shares of restricted stock. 50% of the award consists of time-based restricted stock and 50% of the award consists of performance-based restricted stock. This reflects the time based restricted stock which one-third will vest each year on the anniversary grant date over a three-year period. Vesting of the performance-based restricted stock of GEO is contingent upon the achievement by GEO of certain performance-based metrics during the period from January 1, 2026 to December 31, 2028 as certified by the compensation committee. Of the grant of performance-based restricted stock, 50% is subject to vesting based on certain return on capital employed performance goals being met and 50% is subject to vesting based on GEO's total shareholder return. The portion of the restricted stock award that vests based on certain return on capital employed performance goals being met will vest by March 15, 2029 to the extent the performance goals are achieved. The portion of the restricted stock award that vests based on GEO's total shareholder return will vest one-third each year over a three-year period to the extent the performance goals are achieved.
FAQ
What did GEO (GEO) report in Daniel H. Ragsdale’s Form 4 filing?
GEO Group reported that officer Daniel H. Ragsdale received a grant of 27,000 shares of restricted stock. Half is time-based and half performance-based, creating a multi-year incentive tied to both tenure and specific performance metrics set by the company.
How does the time-based restricted stock for GEO (GEO) officer vest?
The time-based portion of Ragsdale’s GEO restricted stock vests over three years. One-third of the time-based shares vests each year on the anniversary of the February 24, 2026 grant date, aligning continued service with gradual share ownership.
What performance period applies to GEO (GEO) performance-based restricted stock?
The performance-based restricted stock uses a performance period from January 1, 2026 to December 31, 2028. Vesting depends on GEO meeting specified metrics over that period, as later certified by the company’s compensation committee, based on the Form 4 disclosure.
Which metrics determine vesting of GEO (GEO) performance-based restricted stock?
Performance-based vesting is split between two metrics. Half of the performance-based shares depend on return on capital employed goals, and the other half on GEO’s total shareholder return, with vesting only to the extent these performance goals are achieved.
When can GEO (GEO) performance-based restricted stock awarded to Ragsdale vest?
The return on capital employed portion can vest by March 15, 2029 if targets are achieved. The total shareholder return portion vests one-third each year over three years, also only to the extent GEO’s performance goals are met during the defined performance period.