Form 4: CoreCivic Executive Vice President Sells 8,000 Shares Under 10b5-1 Plan

CoreCivic's Executive Vice President, Cole G. Carter, sold 8,000 shares of common stock at an average price of $21.80 per share, according to a recent SEC filing.

Summary

• Cole G. Carter, Executive Vice President, General Counsel, and Secretary of CoreCivic, Inc., sold 8,000 shares of the company's common stock on December 2, 2024.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan.
• The shares were sold at a weighted average price of $21.80, with individual trades ranging from $21.80 to $21.81.
• Following the transaction, Carter directly owns 191,847 shares of CoreCivic common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of an insider stock sale, which is neither positive nor negative in itself. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on any new information.

Industry Context

This is a routine disclosure of an insider stock sale, which is common for executives of publicly traded companies. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any non-public information.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies, and the use of a 10b5-1 plan is a standard practice to avoid accusations of insider trading.
• The volume of shares sold is relatively small compared to the total outstanding shares of CoreCivic, and is unlikely to have a significant impact on the stock price.
• Similar filings are regularly made by executives at comparable companies such as GEO Group and other publicly listed companies.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the stock price due to the relatively small volume of shares sold.

Key Dates

Keywords

CoreCivic, insider trading, SEC Form 4, stock sale, Rule 10b5-1, executive, common stock