CoreCivic, Inc.·4

Feb 24, 4:34 PM ET

Hininger Damon T 4

Research Summary

AI-generated summary

Updated

CoreCivic (CXW) Former CEO Damon Hininger Receives RSU Award; Shares Withheld

What Happened

  • Damon T. Hininger, former CEO of CoreCivic, received an award of 256,800 shares (restricted stock units) on 2026-02-20 (transaction code A). To satisfy tax withholding obligations upon vesting, 133,674 shares were withheld (transaction code F) at an effective price of $16.74, resulting in $2,237,703 withheld. The net increase in his shares from this filing is 123,126 shares (256,800 awarded minus 133,674 withheld).
  • The award shows an acquisition at $0.00 (typical for RSU vesting); the withheld shares were treated as a disposition solely to cover taxes, not an open-market sale.

Key Details

  • Transaction dates: 2026-02-20; filing date (Form 4): 2026-02-24 (filed on the SEC deadline, timely).
  • Award: 256,800 shares (code A) — recorded at $0.00.
  • Tax withholding: 133,674 shares (code F) withheld at $16.74, amounting to $2,237,703.
  • Net shares retained from vesting: 123,126 shares.
  • Footnote: F1 confirms shares were withheld to satisfy tax withholding in connection with RSU vesting.
  • Shares owned after the transaction: not specified in the information provided in this summary.

Context

  • This is a routine RSU vesting and tax-withholding transaction — the withheld shares are used to pay withholding taxes and do not necessarily indicate a market-sale decision by the insider.
  • For retail investors, purchases (or net retention of shares) can be a more direct bullish signal than withholding transactions; here Hininger retained a net 123,126 shares after taxes.