Laird Paul M. 4
4 · GEO GROUP INC · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
GEO Group (GEO) Senior VP Paul M. Laird Receives 30,000-Share Award
What Happened Paul M. Laird, Senior Vice President, Secure Services of GEO Group (GEO), was granted a total of 30,000 restricted shares on February 24, 2026. The grant was reported as two acquisitions of 15,000 shares each at $0.00 (award), so the immediate cash value reported is $0. This is an equity award (code A), not an open-market purchase or sale.
Key Details
- Transaction date: February 24, 2026; Form filed February 26, 2026 (timely filing).
- Reported entries: two awards of 15,000 shares @ $0.00 each (total 30,000 shares).
- Shares owned after transaction: not specified in the filing.
- Vesting/conditions (from footnotes):
- 50% (15,000 shares) are time-based restricted stock: one‑third vests each year on the grant anniversary over three years.
- 50% (15,000 shares) are performance-based restricted stock covering performance from Jan 1, 2026 to Dec 31, 2028:
- Half of the performance portion (7,500 shares) vests based on return-on-capital-employed goals and will vest 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 per year over three years to the extent goals are met.
- No 10b5-1 plan, tax‑withholding disposition, or late-filing indication noted in the Form 4.
Context This was an equity compensation award (restricted stock) as part of executive compensation, not a market purchase or sale. Such awards are common for aligning executives with long‑term company performance; the performance-based half will only vest if specified metrics are achieved.
Insider Transaction Report
- Award
RESTRICTED STOCK
[F1][F2]2026-02-24+15,000→ 63,403 total - Award
RESTRICTED STOCK
[F1][F3]2026-02-24+15,000→ 78,403 total
- 11,823
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.