Form 4: CoreCivic Executive Patrick D. Swindle Reports Acquisition of Restricted Stock Units

Patrick D. Swindle, President & COO of CoreCivic, Inc., reports the acquisition of 33,872 restricted stock units (RSUs) on February 18, 2025.

Summary

• On February 18, 2025, Patrick D. Swindle, President & COO of CoreCivic, Inc., acquired 33,872 restricted stock units (RSUs).
• These RSUs represent a contingent right to receive one share of CoreCivic's common stock each.
• 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 reported transaction, Swindle directly owns 237,376 shares of CoreCivic common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock units being granted, which is neither particularly positive nor negative on its own.

Positives

• The acquisition of RSUs by a high-ranking executive like the President & COO 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 focus on long-term performance and compliance.

Industry Context

Insider transactions are closely monitored in the finance industry as they can provide insights into a company's prospects. This Form 4 filing is a routine disclosure required by the SEC.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a top executive.

Key Dates

Keywords

CoreCivic, CXW, Patrick D. Swindle, Restricted Stock Units, RSUs, Form 4, Insider Trading, Beneficial Ownership, President & COO