0001209191-23-009365.txt : 20230214
0001209191-23-009365.hdr.sgml : 20230214
20230214182850
ACCESSION NUMBER: 0001209191-23-009365
CONFORMED SUBMISSION TYPE: 5
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221231
FILED AS OF DATE: 20230214
DATE AS OF CHANGE: 20230214
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ZOLEY GEORGE C
CENTRAL INDEX KEY: 0001012998
FILING VALUES:
FORM TYPE: 5
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14260
FILM NUMBER: 23632580
MAIL ADDRESS:
STREET 1: C/O THE GEO GROUP, INC.
STREET 2: 4955 TECHNOLOGY WAY
CITY: BOCA RATON
STATE: FL
ZIP: 33431
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: GEO GROUP INC
CENTRAL INDEX KEY: 0000923796
STANDARD INDUSTRIAL CLASSIFICATION: GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520]
IRS NUMBER: 650043078
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4955 TECHNOLOGY WAY
CITY: BOCA RATON
STATE: FL
ZIP: 33431
BUSINESS PHONE: 561-893-0101
MAIL ADDRESS:
STREET 1: 4955 TECHNOLOGY WAY
CITY: BOCA RATON
STATE: FL
ZIP: 33431
FORMER COMPANY:
FORMER CONFORMED NAME: WACKENHUT CORRECTIONS CORP
DATE OF NAME CHANGE: 19940525
5
1
doc5.xml
FORM 5 SUBMISSION
X0306
5
2022-12-31
0
0
0
0000923796
GEO GROUP INC
GEO
0001012998
ZOLEY GEORGE C
4955 TECHNOLOGY WAY
BOCA RATON
FL
33431
1
1
0
0
Executive Chairman
Phantom Stock
2022-11-07
5
D
0
75000
0.00
D
Common Stock
75000
567525
D
Phantom Stock
2022-11-08
5
D
0
75000
0.00
D
Common Stock
75000
492525
D
Phantom Stock
2022-11-09
5
D
0
75000
0.00
D
Common Stock
75000
417525
D
Phantom Stock
2022-11-10
5
D
0
75000
0.00
D
Common Stock
75000
342525
D
Phantom Stock
2022-11-11
5
D
0
75000
0.00
D
Common Stock
75000
267525
D
Phantom Stock
2022-11-14
5
D
0
75000
0.00
D
Common Stock
75000
192525
D
Phantom Stock
2022-11-15
5
D
0
75000
0.00
D
Common Stock
75000
117525
D
Phantom Stock
2022-11-16
5
D
0
75000
0.00
D
Common Stock
75000
42525
D
Phantom Stock
2022-11-17
5
D
0
42525
0.00
D
Common Stock
42525
0
D
Each share of phantom stock was the economic equivalent of one share of common stock. The shares of phantom stock were originally payable in shares of common stock upon the reporting person's retirement from employment with The GEO Group, Inc. pursuant to the terms of the reporting person's Amended and Restated Executive Retirement Agreement, effective February 26, 2020 (the "Prior Retirement Agreement").
As previously disclosed, the Company and Mr. Zoley entered into the Amended and Restated Executive Retirement Agreement, dated as of May 27, 2021 (the "Amended and Restated Executive Retirement Agreement"). Pursuant to the terms of the Amended and Restated Executive Retirement Agreement, upon the date that Mr. Zoley ceases to provide services to the Company, the Company will pay to Mr. Zoley an amount equal to the Grandfathered Payment (as defined in the Amended and Restated Executive Retirement Agreement) which shall be paid in cash, as adjusted to reflect the credit of interest and the annual contribution amount by the Company pursuant to the terms of the Amended and Restated Executive Retirement Agreement. The Company had previously placed shares of Company common stock in rabbi trusts to fund the Company's obligation to pay Mr. Zoley's retirement benefit in shares of common stock under the terms of the Prior Retirement Agreement.
The dispositions reported in this Form 5 reflect dispositions by the Company of the shares of common stock held in the rabbi trusts. Mr. Zoley did not exercise any discretion with respect to the dispositions and did not receive any proceeds from such dispositions.
The amount of shares reflects an increase to the 642,118 shares previously reported as a result of 407 shares credited due to dividends declared and paid pursuant to the terms of the Prior Retirement Agreement.
/s/ Joe Negron as Attorney-in-Fact for George C. Zoley
2023-02-14