GEO Group (NYSE: GEO) exec gets stock award, surrenders shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GEO Group Inc. executive Richard Kent Long reported equity compensation and related tax withholding. He acquired 22,518 shares of common stock as a grant/award tied to performance-based metrics for the period from January 1, 2023 to December 31, 2025, contributing to an aggregate payout of 60,845 shares of common stock. To satisfy tax withholding upon vesting of restricted stock, 19,428 shares were surrendered at $14.35 per share. Following these transactions, he directly holds 298,925 shares of common stock and 76,283 shares of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Long Richard Kent
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 22,518 | $0.00 | -- |
| Tax Withholding | Common Stock | 19,428 | $14.35 | $279K |
| holding | Restricted Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 318,353 shares (Direct);
Restricted Stock — 76,283 shares (Direct)
Footnotes (1)
- This amount of shares reflects an increase to the vested restricted stock granted on March 1, 2023, based upon the achievement of the performance-based metrics for the performance period from January 1, 2023 to December 31, 2025. This resulted in a payout of an aggregate of 60,845 shares of common stock. The amount of shares has been adjusted to reflect the March 6, 2026 vesting of 38,327 shares of restricted stock granted on March 1, 2023 and 3,333 shares granted on March 3, 2025 which represents one-third of the time-based restricted stock. These shares were surrendered in order to satisfy the Reporting Person's tax withholding obligation upon the vesting of the restricted stock.
FAQ
What insider transactions did GEO (GEO) report for Richard Kent Long?
GEO Group reported that executive Richard Kent Long received 22,518 shares of common stock as a grant/award and surrendered 19,428 shares to cover tax withholding, all related to vesting restricted stock awards tied to prior grants and performance metrics.
Was the GEO (GEO) Form 4 a stock purchase or sale by the executive?
The Form 4 reflects compensation and tax withholding, not an open-market trade. Long received 22,518 shares as a grant/award and surrendered 19,428 shares at $14.35 solely to satisfy tax obligations upon vesting of restricted stock, rather than selling shares for cash.
What performance metrics affected Richard Kent Long’s GEO (GEO) stock payout?
The filing states that performance-based metrics for the period from January 1, 2023 to December 31, 2025 increased vested restricted stock granted on March 1, 2023. This resulted in an aggregate payout of 60,845 shares of GEO Group common stock linked to those performance goals.