Form 4: CoreCivic Executive Anthony L. Grande Reports Acquisition of Restricted Stock Units

EVP and Chief Development Officer of CoreCivic, Anthony L. Grande, reports the acquisition of 28,791 restricted stock units (RSUs) on February 18, 2025.

Summary

• Anthony L. Grande, EVP and Chief Development Officer of CoreCivic, reported the acquisition of 28,791 restricted stock units (RSUs) on February 18, 2025.
• These RSUs were granted to Mr. Grande on the Grant Date.
• Each RSU represents a contingent right to receive one share of CoreCivic's common stock.
• The RSUs vest annually in one-third increments on the later of (i) the first, second, and third anniversary of the award or (ii) the date on which the Company's annual report on Form 10-K is filed in each respective year.
• Following the reported transaction, Mr. Grande beneficially owns 156,171 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of RSUs could be seen as 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 is contingent on the anniversary of the award or the filing date of the Form 10-K, linking executive compensation to the company's performance and reporting schedule.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. This filing is specific to CoreCivic and its executive, Anthony L. Grande.

Stakeholder Impact

• The grant of RSUs aligns executive interests with those of shareholders, as the value of the RSUs is tied to the company's stock performance.

Key Dates

Keywords

CoreCivic, Anthony L. Grande, restricted stock units, RSUs, Form 4, beneficial ownership, securities, EVP, Chief Development Officer