GEO Group SVP granted 27,000 restricted shares
GEO Group senior vice president of Health Services Donald E. Houston reported an equity compensation award of 27,000 shares of restricted stock.
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Rhea-AI Filing Summary
GEO Group senior vice president of Health Services Donald E. Houston reported an equity compensation award of 27,000 shares of restricted stock. The filing shows this as two grants of 13,500 restricted shares, acquired at a stated price of $0.00 per share.
Half of the award is time-based restricted stock that vests in three equal installments on each anniversary of the February 24, 2026 grant date. The other half is performance-based restricted stock tied to GEO’s performance metrics from January 1, 2026 to December 31, 2028, including return on capital employed and total shareholder return, with vesting extending through March 15, 2029 if goals are achieved.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock | 13,500 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock | 13,500 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. 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.
- F2. This reflects the time based restricted stock which one-third will vest each year on the anniversary grant date over a three-year period.
- F3. 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
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What did GEO (GEO) executive Donald E. Houston report in this Form 4?
What is the vesting schedule for the time-based GEO restricted stock granted to Donald E. Houston?
What performance period applies to Donald E. Houston’s GEO performance-based restricted stock?
Which performance metrics determine vesting of GEO’s performance-based restricted stock for Donald E. Houston?
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