Form 4: CoreCivic Executive Cole G. Carter Sells 8,000 Shares Under 10b5-1 Plan

Cole G. Carter, EVP, General Counsel, and Secretary of CoreCivic, Inc., sold 8,000 shares of common stock at $13.98 per share on November 1, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On November 1, 2024, Cole G. Carter, an executive at CoreCivic, Inc., sold 8,000 shares of the company's common stock.
• The sale was executed at a price of $13.98 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan previously adopted by Carter.
• Following the sale, Carter still directly owns 199,847 shares of CoreCivic stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating an insider stock sale. The use of a 10b5-1 plan suggests the sale was pre-planned and doesn't necessarily reflect a negative outlook on the company. Therefore, the sentiment is neutral.

Industry Context

Insider sales are a common occurrence and are often viewed in the context of overall company performance and industry trends. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on immediate market conditions.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates this concern.

Key Dates