Form 4: CoreCivic EVP Grande Reports RSU Vesting, Tax Withholding

CoreCivic's EVP and Chief Development Officer, Anthony L. Grande, reported the vesting of restricted stock units and subsequent tax-related share disposition.

Summary

• Anthony L. Grande, EVP, Chief Development Officer of CoreCivic, Inc. (CXW), reported transactions involving the company's common stock.
• On February 20, 2026, Grande acquired 62,781 shares of common stock at a price of $0.00 per share, representing the vesting of restricted stock units.
• Following this acquisition, his beneficial ownership was 235,927 shares.
• On the same date, 41,145 shares were disposed of at a price of $16.74 per share to satisfy tax withholding obligations in connection with the vesting.
• After these transactions, Grande's direct beneficial ownership stands at 194,782 shares of CoreCivic common stock.
• The transactions were made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting routine executive compensation and RSU vesting, which aligns executive incentives with shareholder value, though partially offset by tax-related selling. The pre-planned nature under a 10b5-1 plan adds to its routine character.

Positives

• The vesting of 62,781 restricted stock units indicates a compensation event for the EVP, aligning management's interests with shareholders.
• The transaction was pre-planned under a Rule 10b5-1(c) plan, indicating a structured approach to executive compensation and stock management.

Negatives

• A disposition of 41,145 shares occurred to cover tax withholding, reducing the EVP's direct beneficial ownership from the peak after vesting.

Future Outlook

This Form 4 filing is a historical record of executive stock transactions and does not contain forward-looking statements or guidance regarding the company's future performance.

Management Comments

• No direct management comments or notable quotes are typically included in a Form 4 filing, which is a transactional report.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions, providing transparency into executive stock ownership changes. These transactions, particularly RSU vestings and associated tax withholdings, are common events in executive compensation structures across various industries, including the real estate and corrections facility management sector where CoreCivic operates. The use of a Rule 10b5-1 plan for these transactions is also standard practice for managing insider trading compliance.

Comparison to Industry Standards

• This type of transaction (RSU vesting and tax withholding) is standard practice for executive compensation across most publicly traded companies. For example, executives at REITs like Prologis (PLD) or correctional facility operators like GEO Group (GEO) would similarly report RSU vestings and subsequent share dispositions for tax purposes.
• The specific number of shares and value are company-specific, but the mechanism is consistent with global corporate governance and compensation benchmarks for executive equity awards.

Stakeholder Impact

• Shareholders: Provides transparency into executive stock ownership and compensation, indicating management's continued stake in the company.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• No specific future actions or milestones are mentioned in this Form 4 filing, which reports past and pre-planned future transactions.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation events (RSU vesting and tax withholding) executed under a 10b5-1 plan. It does not provide new fundamental information about the company's operations, financial performance, or strategic direction that would warrant a change in investment recommendation. It simply reflects a standard insider transaction.

Keywords

CoreCivic, CXW, Form 4, Insider Transaction, Stock Vesting, Restricted Stock Units, Executive Compensation, Anthony L. Grande, Beneficial Ownership, Tax Withholding, 10b5-1 Plan