Swindle, Patrick D. 4
Research Summary
AI-generated summary
CoreCivic (CXW) CEO Patrick Swindle Receives RSU Award, Shares Withheld
What Happened
- Patrick D. Swindle, President & CEO of CoreCivic, received an award/vesting of 60,583 shares (reported as an acquisition, code A) on Feb 20, 2026 (price $0.00 for the award).
- Concurrently, 39,702 shares were disposed (code F) to satisfy tax withholding obligations at $16.74 per share, a withholding value of $664,611.
- This was a compensation vesting (RSU award and tax withholding), not an open-market purchase or voluntary sale; such withholding is routine and part of tax obligations.
Key Details
- Transaction date: 2026-02-20; Form 4 filed 2026-02-24.
- Award: 60,583 shares acquired at $0.00 (code A).
- Withholding: 39,702 shares withheld/disposed at $16.74 each = $664,611 (code F).
- Footnote: Shares were withheld by the issuer to satisfy tax withholding on vesting (F1).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Filing timing: Form 4 was dated 2026-02-24 for a 2026-02-20 transaction (insiders typically must file within 2 business days); check full filing for any timeliness designation or explanation.
Context
- This was a vesting of restricted stock units and a cashless-type withholding to cover taxes — a routine compensation event that does not necessarily signal a buy/sell decision by the insider.
- The transaction codes: A = award/acquisition (vesting of RSUs); F = shares withheld for tax withholding.