Meehan David O. 4
4 · GEO GROUP INC · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
GEO Group SVP David O. Meehan Receives 30,000-Share Award
What Happened David O. Meehan, Senior Vice President, GEO Care, received a grant of 30,000 restricted shares on 2026-02-24. The filing shows two awards of 15,000 shares each (transaction code A), acquired at an acquisition price of $0.00 (i.e., a compensation grant, not a market purchase or sale).
Key Details
- Transaction date: 2026-02-24; Filing date: 2026-02-26 (filed timely).
- Amount: 30,000 restricted shares total (two line items of 15,000 each); reported acquisition price $0.00.
- Shares owned after the transaction: not specified in the Form 4 provided.
- Footnotes (important vesting terms):
- 50% of the award (15,000 shares) is time‑based: vests one‑third each year on the grant anniversary over three years.
- 50% (15,000 shares) is performance‑based, contingent on GEO performance for 2026–2028:
- Half of the performance portion (7,500 shares) vests based on return on capital employed (vesting by March 15, 2029 to the extent goals are met).
- The other half (7,500 shares) vests based on GEO’s total shareholder return, vesting one‑third each year over three years to the extent performance goals are met.
- Transaction code: A = Award/Grant.
Context This is a compensation award of restricted stock with time- and performance-based vesting conditions, not an open-market purchase or sale. Because part of the grant vests only if performance metrics are met, the ultimate number of shares that become transferable may be lower than the award. Such grants are common for executives as retention and incentive compensation and do not by themselves signal a buy or sell decision by the insider.
Insider Transaction Report
- Award
Restricted Stock
[F1][F2]2026-02-24+15,000→ 41,120 total - Award
Restricted Stock
[F1][F3]2026-02-24+15,000→ 56,120 total
- 49,710
Common Stock
Footnotes (3)
- [F1]The reporting person received a grant of 30,000 shares of restricted stock. 50% of the award consists of time-based restricted stock and 50% of the award consists of performance-based restricted stock.
- [F2]This reflects the time based restricted stock which one-third will vest each year on the anniversary grant date over a three-year period.
- [F3]Vesting of the performance-based restricted stock of GEO is contingent upon the achievement by GEO of certain performance-based metrics during the period from January 1, 2026 to December 31, 2028 as certified by the compensation committee. Of the grant of performance-based restricted stock, 50% is subject to vesting based on certain return on capital employed performance goals being met and 50% is subject to vesting based on GEO's total shareholder return. The portion of the restricted stock award that vests based on certain return on capital employed performance goals being met will vest by March 15, 2029 to the extent the performance goals are achieved. The portion of the restricted stock award that vests based on GEO's total shareholder return will vest one-third each year over a three-year period to the extent the performance goals are achieved.