GEO Group (NYSE: GEO) executive surrenders shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GEO Group executive Mark Suchinski reported a tax-related share disposition tied to restricted stock vesting. On March 6, 2026, he surrendered 3,113 shares of common stock at $14.35 per share to cover tax withholding obligations when his restricted stock vested. This was not an open-market sale but a payment of tax liability using shares.
The filing notes that 8,333 shares of restricted stock granted on March 3, 2025 vested on this date, representing one-third of a time-based restricted stock award. After these transactions, Suchinski directly holds 5,220 shares of common stock and 139,667 shares of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Suchinski Mark
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,113 | $14.35 | $45K |
| holding | Restricted Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,220 shares (Direct);
Restricted Stock — 139,667 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 8,333 shares of restricted stock granted March 3, 2025 which represents one-third of the time-based restricted stock.
FAQ
What did GEO (GEO) executive Mark Suchinski report in this Form 4?
Mark Suchinski reported surrendering shares to pay taxes on vested restricted stock. The transaction reflects tax withholding, not an open-market sale, and updates his direct holdings of GEO common and restricted stock.
Was Mark Suchinski’s GEO transaction a market sale or tax withholding?
The transaction was a tax-withholding disposition, not an open-market sale. Shares were surrendered to cover income tax obligations arising from restricted stock vesting, as described in the filing’s footnotes.
What restricted stock vesting did GEO Group disclose for Mark Suchinski?
The filing states that 8,333 shares of restricted stock granted on March 3, 2025 vested on March 6, 2026. This vested amount represents one-third of a time-based restricted stock grant awarded to Suchinski.
What are Mark Suchinski’s GEO holdings after the reported transactions?
Following the tax-withholding share surrender and restricted stock vesting, Suchinski directly holds 5,220 shares of GEO Group common stock and 139,667 shares of restricted stock, according to the post-transaction balances in the Form 4.
Does this GEO Form 4 indicate any option exercises by Mark Suchinski?
The Form 4 highlights restricted stock vesting and related tax withholding, not stock option exercises. The derivative section shows no remaining derivative positions reported, emphasizing equity compensation via restricted stock rather than options.