GEO (GEO) executive surrenders shares to cover tax on restricted stock vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GEO Group executive Paul M. Laird reported a routine tax-related share surrender. On March 6, 2026, he surrendered 1,015 shares of Common Stock at $14.35 per share to satisfy tax withholding owed on vesting restricted stock. After this disposition, he directly holds 23,961 Common Stock shares and 62,355 shares of Restricted Stock. A footnote explains the holdings reflect the March 6, 2026 vesting of 4,166 restricted shares granted on March 3, 2025, representing one-third of a time-based restricted stock award.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Laird Paul M.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,015 | $14.35 | $15K |
| holding | Restricted Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,961 shares (Direct);
Restricted Stock — 62,355 shares (Direct)
Footnotes (1)
- These shares were surrendered in order to satisfy the Reporting Person's tax withholding obligation upon the vesting of the restricted stock . The amount of shares has been adjusted to reflect the March 6, 2026 vesting of 4,166 shares of restricted stock granted March 3, 2025 which represents one-third of the time-based restricted stock.
FAQ
What did GEO (GEO) executive Paul M. Laird report in this Form 4?
Paul M. Laird reported surrendering 1,015 shares of GEO common stock to cover tax withholding from restricted stock vesting. This is a routine administrative disposition, not an open-market sale, and reflects standard treatment of equity-based compensation.
What are Paul M. Laird’s GEO (GEO) holdings after the reported transactions?
Following the transactions, Paul M. Laird holds 23,961 shares of GEO common stock and 62,355 shares of restricted stock directly. These balances reflect the latest vesting of restricted shares and the related tax-withholding share surrender recorded on March 6, 2026.
What restricted stock vesting did GEO (GEO) disclose for Paul M. Laird?
The filing notes vesting of 4,166 restricted stock shares granted March 3, 2025, representing one-third of a time-based award. The share counts in the report are adjusted to reflect this vesting event, which triggered the associated tax-withholding share surrender.
Was Paul M. Laird’s GEO (GEO) Form 4 transaction an open-market sale?
No, the disposition was not an open-market sale. Shares were surrendered back to satisfy tax withholding upon restricted stock vesting, coded as a tax-withholding disposition. This type of transaction is mechanical and typically part of equity compensation administration.