Albence Matthew 4

What Happened Matthew Albence, Senior Vice President, Client Relations at GEO Group (GEO), had restricted stock vest on March 6, 2026. The reported transactions show an award/acquisition of 25,019 shares (grant price $0.00) and the surrender of 22,602 shares at $14.35 each (disposed) to satisfy tax withholding obligations, generating proceeds/value of $324,339. Net of the shares surrendered for taxes, the filing reports a net increase of 2,417 shares to Albence's holdings.

Key Details

• Transaction dates: March 6, 2026 (reported on Form 4 filed March 10, 2026 — filing appears late).
• Award: 25,019 shares acquired at $0.00 (vesting of restricted stock).
• Tax withholding: 22,602 shares surrendered/disposed at $14.35, total value $324,339.
• Net change: +2,417 shares (25,019 acquired minus 22,602 surrendered).
• Shares owned after transaction: not specified in the filing.
• Footnotes of note:
  • F1: Vesting increased based on achievement of performance metrics (performance period Jan 1, 2023–Dec 31, 2025) resulting in an aggregate payout of 67,604 shares.
  • F2: Vesting reflected 42,585 shares from the Mar 1, 2023 grant and 3,333 shares from the Mar 3, 2025 grant (one-third of time-based RSUs).
  • F3: The 22,602 shares were surrendered to satisfy the reporting person's tax withholding on vesting.
• Transaction codes: A = Award/Grant (acquisition); F = Tax withholding (disposition).

Context This was a restricted stock vesting event (performance- and time-based RSUs) with a routine "sell-to-cover" (surrender) to satisfy tax withholding — not an open-market sale. Such tax-withholding disposals are common on vesting and do not necessarily indicate a change in insider sentiment. The Form 4 was filed several days after the March 6 transaction (filed March 10), which the filing indicates was late.