GEO Group (NYSE: GEO) grants 30,000 restricted shares to SVP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Long Richard Kent reported acquisition or exercise transactions in this Form 4 filing.
The GEO Group reported that Senior Vice President of Project Development Richard Kent Long received a grant of 30,000 shares of restricted stock on February 24, 2026. Half of this award is time-based restricted stock and half is performance-based restricted stock.
The time-based portion vests in three equal installments on each anniversary of the grant date over three years. The performance-based portion depends on GEO achieving specified return on capital employed and total shareholder return metrics for the period from January 1, 2026 to December 31, 2028, with vesting extending through March 15, 2029 where goals are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Long Richard Kent
Role
Senior VP, Proj Development
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RESTRICTED STOCK | 15,000 | $0.00 | -- |
| Grant/Award | RESTRICTED STOCK | 15,000 | $0.00 | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
RESTRICTED STOCK — 102,943 shares (Direct);
COMMON STOCK — 254,175 shares (Direct)
Footnotes (1)
- The reporting person received a grant of 30,000 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 insider transaction did GEO (GEO) disclose for Richard Kent Long?
GEO disclosed a grant of 30,000 restricted shares to Senior Vice President Richard Kent Long. Half the award is time-based and half is performance-based, with vesting tied to multi-year service and performance conditions running through late 2028 and early 2029.
How does the time-based restricted stock vest for GEO (GEO) executive Richard Kent Long?
The time-based restricted stock vests over three years. One-third of the time-based portion vests each year on the anniversary of the February 24, 2026 grant date, encouraging continued employment and longer-term alignment with GEO’s performance and strategy.
What performance metrics affect GEO (GEO) performance-based restricted stock vesting?
Performance-based vesting depends on two metrics: return on capital employed and GEO’s total shareholder return. These metrics are measured from January 1, 2026 to December 31, 2028, with vesting only to the extent the compensation committee certifies that the stated performance goals are achieved.
When can the performance-based restricted stock for GEO (GEO) potentially vest?
The performance-based award vests after the 2026–2028 performance period. Shares tied to return on capital employed may vest by March 15, 2029, while the total shareholder return portion can vest in three annual installments, subject to achievement of the required performance goals.
What role does the GEO (GEO) compensation committee play in this restricted stock grant?
The compensation committee certifies performance for vesting. For the performance-based restricted stock, GEO’s compensation committee must determine whether return on capital employed and total shareholder return goals for 2026–2028 are met before any related shares vest for Richard Kent Long.