Form 4: CoreCivic Executive Anthony L. Grande Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
EVP and Chief Development Officer of CoreCivic, Anthony L. Grande, reports the acquisition of 7,470 restricted stock units (RSUs) on March 17, 2025.
Summary
- Anthony L. Grande, EVP and Chief Development Officer of CoreCivic, reported a transaction on March 17, 2025.
- He acquired 7,470 restricted stock units (RSUs) at a price of $0.
- These RSUs represent a contingent right to receive one share of CoreCivic's common stock each.
- 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.
- Following the reported transaction, Grande beneficially owns 190,559 shares of CoreCivic common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of RSUs is neither overwhelmingly positive nor negative.
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 (February 18, 2026, 2027, and 2028, or the 10K filing date in each respective year) provides a timeline for potential future stock issuance.
Industry Context
Executive compensation in the form of stock and options is a common practice in publicly traded companies to align management's interests with those of shareholders.
Stakeholder Impact
- The granting of RSUs aligns the executive's interests with those of shareholders, potentially incentivizing actions that increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Date of transaction: Grant date of restricted stock units (RSUs). |
| 03/19/2025 | Date of signature on the Form 4 filing. |
| 02/18/2026 | First possible vesting date for one-third of the RSUs. |
| 02/18/2027 | Second possible vesting date for one-third of the RSUs. |
| 02/18/2028 | Third possible vesting date for one-third of the RSUs. |
Keywords
CoreCivic, CXW, Anthony L. Grande, Restricted Stock Units, RSU, Form 4, Beneficial Ownership, Executive Compensation
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