Davis Blake 4
4 · GEO GROUP INC · Filed Mar 3, 2021
Insider Transaction Report
Form 4
Davis Blake
Pres. GEO Secure Services
Transactions
- Award
Restricted Stock
2021-03-01+67,000→ 92,250 total - Tax Payment
Common Stock
2021-03-01$7.52/sh−2,619$19,695→ 8,131 total
Footnotes (3)
- [F1]Vesting of this grant of restricted stock of GEO is contingent upon the achievement by GEO of certain performance-based metrics during the period from January 1, 2021 to December 31, 2023 as certified by the compensation committee. Under the terms of the restricted stock grant, these shares will vest on March 15, 2024 to the extent the performance goals are achieved. Of the grant of restricted stock, 50% is subject to vesting based on GEO's total shareholder return over a three-year period and 50% is subject to vesting based on certain return on capital employed performance goals being met.
- [F2]The amount of shares has been adjusted to reflect the March 1, 2021 vesting of 10,750 shares of restricted stock.
- [F3]These shares were surrendered in order to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock.