STOCK TITAN

GEO Group (NYSE: GEO) director receives 10,246-share restricted stock grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

The GEO Group director Lindsay L. Koren received a grant of 10,246 shares of restricted stock on March 6, 2026. This award is compensation, not an open-market purchase, and carries no cash exercise price.

The restricted stock vests in equal 25% installments on each of the four anniversaries following the grant date. After this grant and the March 3, 2026 vesting of 1,429 restricted shares noted in the footnotes, Koren directly holds 30,353 restricted shares and 11,662 shares of common stock.

Positive

  • None.

Negative

  • None.
Insider Koren Lindsay L.
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock 10,246 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock — 30,353 shares (Direct); Common Stock — 11,662 shares (Direct)
Footnotes (1)
  1. The grant of restricted stock of The GEO Group, Inc. vests in equal annual increments of 25% on each of the four anniversary dates immediately following the grant date. The amount of shares has been adjusted to reflect the March 3, 2026 vesting of 1,429 shares of restricted stock.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Koren Lindsay L.

(Last) (First) (Middle)
4955 TECHNOLOGY WAY

(Street)
BOCA RATON FL 33431-3367

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GEO GROUP INC [ GEO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Restricted Stock 03/06/2026 A 10,246(1) A $0 30,353(2) D
Common Stock 11,662(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The grant of restricted stock of The GEO Group, Inc. vests in equal annual increments of 25% on each of the four anniversary dates immediately following the grant date.
2. The amount of shares has been adjusted to reflect the March 3, 2026 vesting of 1,429 shares of restricted stock.
/s/ Lindsay L. Koren 03/10/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did GEO (GEO) director Lindsay L. Koren report?

Lindsay L. Koren reported receiving a grant of 10,246 restricted GEO Group shares as equity compensation. The award carries no cash purchase price and is structured as restricted stock, aligning the director’s interests with shareholders through long-term share-based incentives rather than open-market buying.

How do Lindsay L. Koren’s restricted GEO (GEO) shares vest over time?

The 10,246 restricted GEO Group shares vest in four equal 25% annual installments on each anniversary of the March 6, 2026 grant. This time-based schedule encourages continued service and long-term alignment, as full ownership rights phase in gradually rather than immediately after the grant date.

What is Lindsay L. Koren’s GEO (GEO) share ownership after this Form 4?

Following the March 6, 2026 grant, Koren directly holds 30,353 restricted GEO Group shares and 11,662 common shares. The footnotes also note that these amounts reflect the March 3, 2026 vesting of 1,429 restricted shares, which increased unrestricted ownership before the new award.

Was the GEO (GEO) restricted stock grant to Lindsay L. Koren an open-market purchase?

No, the transaction was a grant of 10,246 restricted shares at a stated price of $0.00 per share. It represents equity compensation rather than an open-market purchase, so it does not indicate discretionary buying activity but instead reflects standard director compensation practices.

What do the Form 4 footnotes for GEO (GEO) explain about this grant?

The footnotes explain that the restricted shares vest 25% per year over four years and that reported amounts reflect the March 3, 2026 vesting of 1,429 restricted shares. This clarifies both the award’s long-term vesting structure and the adjustment to Koren’s previously reported holdings.