30,000 GEO Group (GEO) restricted shares granted to senior VP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Laird Paul M. reported acquisition or exercise transactions in this Form 4 filing.
GEO Group Inc. reported that Senior VP, Secure Services Paul M. Laird received a grant of 30,000 shares of restricted stock. Half of this award is time-based restricted stock, and the other half is performance-based restricted stock.
The time-based portion vests in three equal installments on each anniversary of the grant date over three years. The performance-based portion depends on GEO achieving specified performance metrics from January 1, 2026 to December 31, 2028, tied 50% to return on capital employed and 50% to total shareholder return, with vesting scheduled through March 15, 2029 if goals are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Laird Paul M.
Role
Senior VP, Secure Services
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RESTRICTED STOCK | 15,000 | $0.00 | -- |
| Grant/Award | RESTRICTED STOCK | 15,000 | $0.00 | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
RESTRICTED STOCK — 63,403 shares (Direct);
COMMON STOCK — 11,823 shares (Direct)
Footnotes (1)
- The reporting person received a grant of 30,000 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. This reflects the time based restricted stock which one-third will vest each year on the anniversary grant date over a three-year period. 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
What insider transaction did GEO (GEO) report for Paul M. Laird?
GEO reported that Senior VP Paul M. Laird received a grant of 30,000 restricted shares. Half are time-based and half are performance-based, aligning his compensation with both service tenure and GEO’s financial and stock performance over several years.
What performance period applies to GEO (GEO) performance-based restricted stock?
The performance-based restricted stock uses a performance period from January 1, 2026 to December 31, 2028. Vesting depends on GEO meeting defined return on capital employed and total shareholder return metrics over that timeframe, as certified by the compensation committee.
Which metrics determine vesting of GEO (GEO) performance-based restricted stock?
Half of the performance-based shares depend on return on capital employed goals, and half on total shareholder return. If GEO meets these metrics for 2026–2028, shares can vest by March 15, 2029 or in annual thirds, as specified.
Is the GEO (GEO) restricted stock grant to Paul M. Laird immediately vested?
No, the restricted stock does not vest immediately. Time-based shares vest over three years, while performance-based shares vest only if GEO achieves specified performance goals between 2026 and 2028, with vesting extending through March 15, 2029.