Laird Paul M. 4

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.