Form 4: CoreCivic EVP David Garfinkle Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
CoreCivic's EVP & Chief Financial Officer, David Garfinkle, reports the acquisition of restricted stock units.
Summary
- David Garfinkle, EVP & Chief Financial Officer of CoreCivic, Inc. [CXW], filed a Form 4 on March 19, 2025, reporting a transaction on March 17, 2025.
- Garfinkle acquired 7,470 shares of Common Stock through restricted stock units (RSUs) at a price of $0.
- Following the transaction, Garfinkle beneficially owns 339,831 shares of Common Stock.
- The RSUs vest in one-third increments on the later of (i) February 18, 2026, 2027, and 2028, or (ii) the date on which the Company's annual report on Form 10-K is filed in each respective year.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard disclosure of executive compensation. The acquisition of RSUs is generally a positive sign, but it's not a major event.
Positives
- The acquisition of RSUs by a high-ranking executive could be seen as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The vesting schedule of the RSUs indicates a long-term incentive for the executive, aligning their interests with the company's performance over the next few years.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and are used to track ownership changes. This filing is specific to an individual executive's compensation and holdings.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Transaction Date: David Garfinkle acquired restricted stock units. |
| 03/19/2025 | Filing Date: Form 4 filed by Mike Grant on behalf of David Garfinkle. |
| 02/18/2026 | First Vesting Date (potential): One-third of RSUs vest on the later of this date or the 10-K filing date. |
| 02/18/2027 | Second Vesting Date (potential): One-third of RSUs vest on the later of this date or the 10-K filing date. |
| 02/18/2028 | Third Vesting Date (potential): One-third of RSUs vest on the later of this date or the 10-K filing date. |
Keywords
CoreCivic, CXW, David Garfinkle, Restricted Stock Units, RSU, Form 4, Beneficial Ownership, Executive Compensation
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