Form 4: CoreCivic Director Sells 28,277 Shares in Late Filing

CoreCivic director Harley G. Lappin sold 28,277 shares of common stock at an average price of $24.21, in a transaction that was not filed on time.

Summary

• CoreCivic director Harley G. Lappin sold 28,277 shares of common stock on November 11, 2024.
• The sale was executed at a weighted average price of $24.21 per share.
• The transaction was not filed in a timely manner, as noted in the filing.
• Following the transaction, Mr. Lappin directly owns 65,229 shares of CoreCivic stock.

Sentiment

Score: 5

Explanation: The document is neutral, detailing a routine stock sale by a director. The late filing is a minor negative, but not a major concern.

Negatives

• The Form 4 filing for this transaction was not filed in a timely manner.

Risks

• Late filings can lead to regulatory scrutiny and potential penalties.

Industry Context

This is a routine disclosure of a stock sale by a company director, which is common in the corporate world. The late filing is a minor issue that needs to be addressed to maintain compliance.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for corporate insiders in the US.
• Timely filing is crucial to maintain transparency and avoid penalties.
• The sale of shares by a director is a common occurrence and does not necessarily indicate a negative outlook for the company.

Stakeholder Impact

• The late filing may raise minor concerns among shareholders regarding compliance.

Key Dates

Keywords

CoreCivic, CXW, stock sale, insider trading, Form 4, director, Harley G. Lappin, share transaction