Albence Matthew 4
4 · GEO GROUP INC · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
GEO Group (GEO) Senior VP Matthew Albence Receives Award
What Happened Matthew Albence, Senior Vice President, Client Relations at GEO Group (GEO), was granted 30,000 restricted shares on February 24, 2026. The Form 4 records two entries of 15,000 shares each at $0.00 (award/grant code A), i.e., no cash purchase price. This is an equity compensation award, not a market purchase or sale.
Key Details
- Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (filed within the required reporting window).
- Reported as two grants of 15,000 shares each at $0.00 (total 30,000 shares awarded).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnotes:
- F1: Total grant = 30,000 restricted shares: 50% time‑based, 50% performance‑based.
- F2: Time‑based portion (15,000 shares) vests one‑third each year on the anniversary over three years.
- F3: Performance‑based portion (15,000 shares) vests only if GEO meets certain performance metrics for 2026–2028; of that portion, half vests based on return on capital employed (vesting by March 15, 2029 if goals met) and half vests based on total shareholder return (vests one‑third per year over three years to the extent goals are achieved).
- No 10b5‑1 plan, tax‑withholding sale, or immediate sale noted.
Context This was a standard restricted stock award as part of compensation — not a purchase or sale. Time‑based shares vest over time, while the performance‑based shares depend on multi‑year company metrics, so these shares will only convert to owned stock if vesting conditions are met. Such awards are common for aligning executive incentives with shareholder outcomes.
Insider Transaction Report
- Award
RESTRICTED STOCK
[F1][F2]2026-02-24+15,000→ 110,491 total - Award
RESTRICTED STOCK
[F1][F3]2026-02-24+15,000→ 125,491 total
- 61,063.549
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.