Form 4: CoreCivic Executive Cole G. Carter Reports Acquisition of Common Stock

Cole G. Carter, EVP, General Counsel, and Secretary of CoreCivic, Inc., reports acquiring 27,358 shares of common stock through restricted stock units.

Summary

• On February 18, 2025, Cole G. Carter, EVP, General Counsel, and Secretary of CoreCivic, Inc., acquired 27,358 shares of common stock.
• The acquisition was in the form of restricted stock units (RSUs) granted on the same 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 the first, second, and third anniversary of the award or the date on which the Company's annual report on Form 10-K is filed in each respective year.
• Following the transaction, Carter beneficially owns 203,205 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 shares by an executive is generally viewed as a positive sign, but it's not a major event.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The vesting schedule of the RSUs is tied to the company's annual report filings, suggesting a long-term incentive for the executive.

Industry Context

Executive compensation in the form of stock options and RSUs is a common practice in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the executive's increased stake in the company.

Key Dates

Keywords

CoreCivic, Cole G. Carter, Form 4, restricted stock units, RSU, beneficial ownership, common stock, executive compensation