GEO Group (GEO) officer surrenders 777 shares to cover tax on stock vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GEO Group Inc. executive Scott A. Schipma reported a tax-related share disposition and updated holdings. On March 3, 2026, he surrendered 777 shares of common stock at $15.06 per share to satisfy tax withholding tied to restricted stock vesting. Following this tax-withholding disposition, he directly holds 38,343 shares of common stock. His holdings of restricted stock were adjusted to reflect the March 3, 2026 vesting of 3,190 restricted shares, resulting in 61,328 restricted shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schipma Scott A.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 777 | $15.06 | $12K |
| holding | Restricted Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 38,343 shares (Direct);
Restricted Stock — 61,328 shares (Direct)
Footnotes (1)
- The amount of shares has been adjusted to reflect the March 3, 2026 vesting of 3,190 shares of 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 did Scott A. Schipma report in the latest GEO (GEO) Form 4 filing?
Scott A. Schipma reported a tax-withholding disposition of GEO Group common stock. On March 3, 2026, he surrendered 777 shares at $15.06 per share to cover taxes due upon the vesting of restricted stock awards.
How did the March 3, 2026 restricted stock vesting affect Schipma’s GEO (GEO) holdings?
The March 3, 2026 vesting of 3,190 restricted shares adjusted his reported restricted stock balance. After this vesting event, Scott A. Schipma directly holds 61,328 shares of restricted stock in GEO Group according to the Form 4 disclosure.
What are Scott A. Schipma’s GEO Group (GEO) common stock holdings after the Form 4 transaction?
After the tax-withholding disposition, Scott A. Schipma directly owns 38,343 shares of GEO Group common stock. This figure reflects his position following the surrender of 777 shares to meet tax obligations associated with restricted stock vesting.
Was the GEO (GEO) Form 4 transaction an open-market sale by Scott A. Schipma?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. The 777 shares of common stock were surrendered to satisfy Schipma’s tax withholding obligation tied to the vesting of restricted stock on March 3, 2026.
What type of equity awards does Scott A. Schipma hold in GEO Group (GEO)?
Scott A. Schipma holds both common stock and restricted stock. After the reported transactions, he directly owns 38,343 common shares and 61,328 restricted shares, reflecting the March 3, 2026 vesting of 3,190 restricted stock units.