Schipma Scott A. 4

What Happened

• Scott A. Schipma, Executive Vice President and General Counsel of GEO Group (GEO), was granted a total of 30,000 shares of restricted stock on February 24, 2026. The filing shows two entries of 15,000 shares each at $0.00 (awarded, not purchased), for a total reported acquisition value of $0 (typical for compensation awards).

Key Details

• Transaction date: 2026-02-24; Filing date (accession): 2026-02-26 — appears to be filed within the normal Form 4 timing window.
• Grant details: 30,000 restricted shares total (two entries of 15,000 @ $0.00).
• Ownership after transaction: not specified in the filing.
• Notable footnotes:
  • 50% of the award (15,000 shares) is time-based restricted stock — vests one-third each year on the grant anniversary over three years.
  • 50% (15,000 shares) is performance-based restricted stock — vesting depends on achievement of metrics over Jan 1, 2026–Dec 31, 2028, certified by the compensation committee.
    • Of the performance portion: 50% is tied to return-on-capital-employed goals (vesting, to the extent achieved, by March 15, 2029); 50% is tied to GEO's total shareholder return and vests one-third each year over three years to the extent goals are met.
• Remark on the filing: Reporting person listed as Executive Vice President, General Counsel.

Context

• This is a compensatory equity grant (award), not an open-market purchase or sale. Grants are part of executive compensation and reflect long-term incentive design rather than an immediate bullish or bearish market signal.
• Performance-based portions will only convert to vested shares if GEO meets specified metrics and certification timelines; time-based portions vest on a multi-year schedule.