Form 4: CoreCivic Executive Daren Swenson Reports Stock Award and Disposal
SEC Form 4 Filing
Daren Swenson, Chief Corrections Officer of CoreCivic, Inc., reports the acquisition of restricted stock units and the disposal of common stock on March 17, 2025.
Summary
- On March 17, 2025, Daren Swenson, Chief Corrections Officer of CoreCivic, Inc., reported transactions involving CoreCivic's common stock.
- Swenson acquired 5,052 restricted stock units (RSUs) at a price of $0.
- These RSUs vest in one-third increments on the later of February 18, 2026, 2027, and 2028, or the date on which the company's annual report on Form 10-K is filed in each respective year.
- Swenson also disposed of 5,052 shares of common stock.
- Following these transactions, Swenson beneficially owns 128,360 shares of CoreCivic common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather provides information about insider activity.
Future Outlook
The vesting of the RSUs is contingent upon the filing of CoreCivic's annual report on Form 10-K in each respective year (2026, 2027, and 2028).
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors regarding management's stake in the company.
Stakeholder Impact
- Shareholders are informed about changes in the beneficial ownership of CoreCivic's stock by a key executive.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Date of the reported transaction: acquisition of RSUs and disposal of common stock. |
| 02/18/2026 | First vesting date for one-third of the RSUs, contingent on Form 10-K filing. |
| 02/18/2027 | Second vesting date for one-third of the RSUs, contingent on Form 10-K filing. |
| 02/18/2028 | Final vesting date for one-third of the RSUs, contingent on Form 10-K filing. |
| 03/19/2025 | Date of signature on the Form 4 filing. |
Keywords
CoreCivic, CXW, Daren Swenson, restricted stock units, RSUs, Form 4, beneficial ownership, Chief Corrections Officer, stock disposal, stock acquisition
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