Albence Matthew 4

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.