Form 4: GEO Group Director Terry P. Mayotte Reports Stock Vesting
SEC Form 4 Filing
Director Terry P. Mayotte reports vesting of restricted stock and adjustments to common stock holdings in GEO Group Inc.
Summary
- On March 1, 2024, Terry P. Mayotte, a director of GEO Group Inc., had 8,062 shares of restricted stock vest.
- This transaction resulted in an adjustment to the amount of common stock beneficially owned.
- Following the reported transaction, Mayotte directly owns 31,010 shares of restricted stock and 12,402 shares of common stock.
- The restricted stock vests in equal annual increments of 25% on each of the four anniversary dates immediately following the grant date.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock vesting, neither particularly positive nor negative.
Industry Context
This filing is a routine disclosure related to insider stock ownership and is typical for publicly traded companies. It provides transparency into the holdings of company directors.
Stakeholder Impact
- The vesting of restricted stock may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of earliest transaction: vesting of restricted stock. |
| 03/01/2024 | Vesting of 8,062 shares of restricted stock. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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