SEC Form 4 · accession 0001209191-18-026286
GEO GROUP INC · GEO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J Venturella
Officer — SVP-Business Development
Period of report
Apr 24, 2018
Accepted (ET)
Apr 26, 2018 · 5:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000923796
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted StockF1 | Apr 24, 2018 | A | 30,000 | $0.00 | A | 75,000 | D | |
| Common Stock | holding | — | — | — | 23,721 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Vesting 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, 2018 to December 31, 2020 as certified by the compensation committee. Under the terms of the restricted stock grant, these shares will vest on March 10, 2021 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.