Long Richard Kent 4

What Happened

• Richard Kent, Senior Vice President, Project Development at GEO Group (GEO), was granted a total of 30,000 restricted shares on Feb 24, 2026. The filing shows two entries of 15,000 shares each (transaction code A, award/acquisition) at $0.00 per share — these are restricted stock grants, not open-market purchases.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (filed within the typical two-business-day window).
• Grant size: 30,000 restricted shares total (two reported line items of 15,000 each).
• Price: $0.00 per share (restricted award — no cash paid at grant).
• Shares owned after transaction: not specified in the excerpt provided.
• Vesting and conditions (from filing footnotes):
  • 50% (15,000 shares) is time-based restricted stock: vests one-third each year on the anniversary of the grant over three years.
  • 50% (15,000 shares) is performance-based restricted stock tied to GEO performance from Jan 1, 2026 to Dec 31, 2028, certified by the compensation committee:
    • 50% of the performance portion vests based on return-on-capital-employed (ROCE) goals and will vest by March 15, 2029 to the extent goals are met.
    • 50% of the performance portion vests based on GEO’s total shareholder return (TSR) and, if goals are met, vests one-third each year over a three-year period.
• No indication of a 10b5-1 plan, tax withholding sale, or other offsetting sale in this filing.

Context

• This was an equity award (restricted stock), not a market purchase or sale. Restricted shares are subject to vesting and performance conditions, so they do not represent immediately tradable shares.
• Awards are routine compensation for executives and do not, by themselves, indicate buy/sell intent. The performance-based half depends on future corporate results and may never vest if targets are not met.