Form 4: GEO Group Executive Ronald Brack Reports Stock Transactions
SEC Form 4 Filing
Ronald A. Brack, EVP, CAO and Controller of GEO Group Inc., reports the vesting of restricted stock and the surrender of shares to cover tax obligations.
Summary
- On March 1, 2024, Ronald A. Brack, EVP, CAO and Controller of GEO Group Inc., had a transaction involving the company's stock.
- Brack surrendered 5,339 shares of common stock to satisfy tax withholding obligations upon the vesting of restricted stock at a price of $12.09.
- Following the transaction, Brack beneficially owns 80,037 shares of common stock and 26,985 shares of restricted stock.
- The vesting of 16,494 shares of restricted stock occurred on March 1, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership in a publicly traded company. It doesn't necessarily reflect broader industry trends but provides transparency into executive holdings.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine executive stock transaction.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction and vesting of restricted stock. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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