Form 4: CoreCivic CAO Carter Reports Stock Transactions

CoreCivic's Chief Administrative Officer, Cole G. Carter, reported the acquisition of 59,846 shares and the disposition of 37,951 shares for tax withholding.

Summary

• Cole G. Carter, Chief Administrative Officer of CoreCivic, Inc. (CXW), reported transactions involving the company's common stock.
• Carter acquired 59,846 shares of common stock at a price of $0.00 per share, which typically indicates a grant or vesting of restricted stock units.
• Concurrently, 37,951 shares were disposed of at a price of $16.74 per share to satisfy tax withholding obligations related to the vesting event.
• Following these transactions, Carter's direct beneficial ownership of CoreCivic common stock stands at 265,883 shares.
• The net effect of these reported transactions (acquisition and subsequent tax withholding) resulted in an increase of 21,895 shares in Carter's beneficial ownership.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as slightly positive. While shares were disposed for tax, the underlying event was an acquisition of a larger number of shares, resulting in a net increase in the executive's beneficial ownership, which aligns management's interests with shareholders.

Positives

• Cole G. Carter acquired 59,846 shares of CoreCivic common stock, indicating a grant or vesting event which increases his stake in the company.
• The net beneficial ownership of common stock for Carter increased by 21,895 shares after accounting for both the acquisition and tax withholding, demonstrating continued alignment with shareholder interests.

Negatives

• 37,951 shares of common stock were disposed of to cover tax withholding obligations, reducing the direct share count from what it would have been without the tax requirement.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider transactions, such as stock grants and subsequent tax withholdings, are common occurrences in executive compensation structures across various industries. These events typically reflect pre-established compensation plans rather than discretionary trading decisions.

Stakeholder Impact

• Shareholders: The net increase in the Chief Administrative Officer's beneficial ownership may be viewed positively as it indicates continued alignment of management's interests with shareholder value.

Key Dates

Keywords

CoreCivic, CXW, Insider Transaction, Form 4, Stock Grant, Restricted Stock Units, Executive Compensation, Share Ownership