March Shayn P. 4

What Happened Shayn P. March, Senior Vice President and Chief Financial Officer of The GEO Group, received an initial grant of 12,175 restricted shares on April 1, 2026 under his Executive Employment Agreement. The grant is reported as two acquisitions: 6,088 shares and 6,087 shares, both at $0.00 (no cash paid). This is an equity award (not an open-market purchase or sale).

Key Details

• Transaction date: April 1, 2026; filing date: April 2, 2026 (filed next day).
• Reported entries: 6,088 shares @ $0.00 and 6,087 shares @ $0.00 (total 12,175 shares).
• Shares owned after transaction: Not specified in the filing.
• Award split: 50% time-based restricted stock, 50% performance-based restricted stock (per footnotes).
• Vesting: Time-based portion vests one-third each year over three years. Performance portion vests subject to achievement of specified metrics (Jan 1, 2026 – Dec 31, 2028) and is also eligible to vest one-third per year over three years if goals are met.
• Role: Reported as Senior VP, Chief Financial Officer.

Context This was an equity award, not a purchase or sale, so it reflects compensation rather than an immediate trading signal. The performance-based shares are contingent on GEO meeting return-on-capital-employed and total shareholder return targets (50%/50%) for the 2026–2028 performance period and require certification by the compensation committee. Time-based shares simply vest over three years (one-third annually). Awards at $0 often reflect standard executive compensation and do not necessarily indicate insider sentiment.