Houston Donald E. 4

What Happened
Donald E. Houston, Senior Vice President, Health Services at GEO Group (GEO), was granted a total of 27,000 restricted shares on February 24, 2026. The Form 4 reports two entries of 13,500 shares each at $0.00 — a compensation award, not an open-market purchase or sale, with no cash exchanged.

Key Details

• Transaction date(s) and price(s): 2026-02-24; two grants of 13,500 shares @ $0.00 each (total 27,000 shares; grant value shown as $0).
• Shares owned after transaction: Not specified in the filing.
• Footnotes / vesting: See below for vesting details (time- and performance-based split).
• Filing timing: Report filed 2026-02-26 for a 2026-02-24 grant; appears timely under Form 4 rules.
• No indication in the filing of a 10b5-1 plan, cashless exercise, tax withholding sale, or other sale-related codes.

Context

• The award is split 50/50: 13,500 time-based restricted shares and 13,500 performance-based restricted shares. The time-based portion vests one-third on each anniversary of the grant over three years (i.e., roughly 4,500 shares per year).
• The performance-based portion is contingent on GEO meeting certain metrics during Jan 1, 2026–Dec 31, 2028. Of that portion, half is tied to return-on-capital-employed (vesting, to the extent achieved, by March 15, 2029) and half is tied to GEO’s total shareholder return (vesting one-third per year over a three-year period to the extent performance goals are met).
• Restricted stock grants are a common form of executive compensation and do not involve immediate cash proceeds; vested shares (if any) would be needed before any sale could occur.