Meehan David O. 4

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.