# EDGAR Filing Document

**Accession Number:** 0001070985
**File Stem:** 0001140361-23-014083
**Filing Date:** 2023-3
**Character Count:** 334922
**Document Hash:** 9947ea7191266fea2392486739aa9671
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-23-014083.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001140361-23-014083

**CONFORMED SUBMISSION TYPE**: DEF 14A

**PUBLIC DOCUMENT COUNT**: 24

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CoreCivic, Inc.
- **CENTRAL INDEX KEY:** 0001070985
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **IRS NUMBER:** 621763875
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** DEF 14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-16109
- **FILM NUMBER:** 23766051

**BUSINESS ADDRESS:**
- **STREET 1:** 5501 VIRGINIA WAY
- **CITY:** BRENTWOOD
- **STATE:** TN
- **ZIP:** 37027
- **BUSINESS PHONE:** 615-263-3000

**MAIL ADDRESS:**
- **STREET 1:** 5501 VIRGINIA WAY
- **CITY:** BRENTWOOD
- **STATE:** TN
- **ZIP:** 37027

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CORRECTIONS CORP OF AMERICA
- **DATE OF NAME CHANGE:** 20001003

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRISON REALTY TRUST INC
- **DATE OF NAME CHANGE:** 19990517

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRISON REALTY CORP
- **DATE OF NAME CHANGE:** 19980924

#### **TABLE OF CONTENTS**

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

### Washington, D.C. 20549

### SCHEDULE 14A

#### Proxy Statement Pursuant to Section 14(a) of the

#### Securities Exchange Act of 1934

#### (Amendment No.)
Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐

Check the appropriate box:

☐ Preliminary Proxy Statement

☐ **Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))**

☒ Definitive Proxy Statement

☐ Definitive Additional Materials

☐ Soliciting Material Pursuant to §240.14a-12f

---

| |
|:---|
| **CoreCivic, Inc.**<br>|
| **(Name of Registrant as Specified in Its Charter)**  |
| **(Name of Person(s) Filing Proxy Statement, if other than the Registrant)** |

---

Payment of Filing Fee (Check all boxes that apply):

☒ No fee required <br> ☐ Fee paid previously with preliminary materials <br> ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11

------

#### **TABLE OF CONTENTS**
![graphic](logo_corecivic.jpg)

March 28, 2023

To our Stockholders:

We invite you to attend the 2023 Annual Meeting of Stockholders (the "Annual Meeting") of CoreCivic, Inc. (the "Company") to be held at 10:00 a.m., Central Time, on Thursday, May 11, 2023. This year's Annual Meeting will be a virtual meeting of stockholders to be held over the internet via webcast at <u>www.virtualshareholdermeeting.com/CXW2023</u>. We believe that the use of the internet to host the virtual Annual Meeting enables full and equal participation by all of our stockholders from nearly any location in the world at little to no additional cost to any such stockholder.

An audio broadcast of the virtual Annual Meeting will also be available to stockholders by telephone at 1-877-328-2502 (toll-free) or 1-412-317-5419 (international). Please note that listening to the telephonic audio broadcast will not be deemed attending the virtual Annual Meeting, and you cannot vote or participate in the virtual Annual Meeting from such telephonic audio broadcast. You will be able to attend the virtual Annual Meeting and to vote and submit questions during the virtual Annual Meeting via a live webcast by visiting <u>www.virtualshareholdermeeting.com/CXW2023</u> and entering the 16-digit control number included on your notice of internet availability of your proxy materials, your proxy card or voter instruction form. The live webcast format of our virtual Annual Meeting is designed to provide our stockholders with rights and opportunities to participate as they would at an in-person meeting. In addition to being able to vote during the virtual Annual Meeting, the platform for the virtual Annual Meeting will permit stockholders to submit appropriate questions during the virtual Annual Meeting through the website for the virtual Annual Meeting, and we will answer as many questions submitted in accordance with the rules of conduct for the virtual Annual Meeting as possible in the time allotted for the virtual Annual Meeting. The question-and-answer session will follow the formal matters to be addressed at the virtual Annual Meeting.

As in the past, prior to the virtual Annual Meeting, you will be able to authorize a proxy to vote your shares on the matters submitted for stockholder approval at the virtual Annual Meeting by registering with and submitting certain information to <u>www.proxyvote.com</u>, and we encourage you to do so. The Notice of Annual Meeting and Proxy Statement, both of which accompany this letter, provide details regarding the business to be conducted at the virtual Annual Meeting, as well as other important information about the Company.

Along with the other members of the Board of Directors and management, we encourage you to attend our virtual Annual Meeting via webcast.

---

| | |
|:---|:---|
| Sincerely,  |  |
| ![graphic](sig_maemkes.jpg)<br>| ![graphic](sig_dthininger.jpg)<br>|
| Mark A. Emkes <br>Chairman of the Board of Directors | Damon T. Hininger <br>President and Chief Executive Officer |

---

------

#### CORECIVIC, INC.

#### NOTICE OF ANNUAL MEETING OF STOCKHOLDERS

#### TO BE HELD ON THURSDAY, MAY 11, 2023
The Annual Meeting of Stockholders of CoreCivic, Inc. (the "Annual Meeting") will be held at 10:00 a.m., Central Time, on Thursday, May 11, 2023. This year's Annual Meeting will be a virtual meeting of stockholders to be held over the internet via webcast at <u>www.virtualshareholdermeeting.com/CXW2023</u>. We believe that the use of the internet to host the virtual Annual Meeting enables full and equal participation by all of our stockholders from nearly any location in the world at little to no additional cost to any such stockholder. At the virtual Annual Meeting, stockholders will consider and act on the following items of business:

&nbsp;&nbsp;&nbsp;&nbsp;(1) The election of the 10 nominees named in the accompanying Proxy Statement to serve on our Board of Directors. The nominees are
 Damon T. Hininger, Donna M. Alvarado, Robert J. Dennis, Mark A. Emkes, Stacia A. Hylton, Harley G. Lappin, Anne L. Mariucci, Thurgood Marshall, Jr., Devin I. Murphy, and John R. Prann, Jr.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The non-binding ratification of the appointment by our Audit Committee of Ernst & Young LLP as our independent registered
 public accounting firm for the fiscal year ending December 31, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;(3) An advisory vote to approve the compensation of our Named Executive Officers.

&nbsp;&nbsp;&nbsp;&nbsp;(4) An advisory vote on the frequency of future advisory votes on executive compensation.

&nbsp;&nbsp;&nbsp;&nbsp;(5) Such other matters as may properly come before the virtual Annual Meeting or any adjournments or postponements thereof.

We are pleased to take advantage of Securities and Exchange Commission ("SEC") rules that allow issuers to furnish proxy materials to their stockholders over the internet. We believe these rules allow us to provide our stockholders with the information they need in a timely and convenient manner, while lowering the costs of delivery and reducing the environmental impact of the virtual Annual Meeting. Our Proxy Statement and Annual Report to Stockholders (including our Letter to Stockholders and 2022 Annual Report on Form 10-K) are available on our website at <u>www.corecivic.com</u>. Additionally, and in accordance with SEC rules, you may access our proxy materials at <u>http://materials.proxyvote.com/21871N</u>. You may request copies of the proxy materials, including our Proxy Statement, without charge by sending a written request to CoreCivic, Attention: Cameron Hopewell, Managing Director of Investor Relations, 5501 Virginia Way, Suite 110, Brentwood, TN 37027, or by calling Cameron Hopewell at (615) 263-3000.

Your vote is important. You may vote by internet or toll-free telephone. If you receive a copy of our Proxy Statement and proxy card by mail, you may vote by completing, signing, and returning the proxy card in the accompanying postage-paid envelope. Please refer to the proxy card and the accompanying Proxy Statement for additional information regarding your voting options. Even if you plan to attend the virtual Annual Meeting via webcast, please take advantage of one of the advance voting options to ensure your shares are represented at the virtual Annual Meeting. You may revoke your proxy at any time before it is voted by following the procedures described in the accompanying Proxy Statement.

An audio broadcast of the virtual Annual Meeting will also be available to stockholders by telephone at 1-877-328-2502 (toll-free) or 1-412-317-5419 (international). Please note that listening to the telephonic audio broadcast will not be deemed attending the virtual Annual Meeting, and you cannot vote or participate in the virtual Annual Meeting from such telephonic audio broadcast. You will be able to attend the virtual Annual Meeting and to vote and submit questions during the virtual Annual Meeting via a live

i<br>

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#### **TABLE OF CONTENTS**
webcast by visiting <u>www.virtualshareholdermeeting.com/CXW2023</u> and entering the 16-digit control number included on your notice of internet availability of your proxy materials, your proxy card or voter instruction form. The live webcast format of our virtual Annual Meeting is designed to provide our stockholders with rights and opportunities to participate as they would at an in-person meeting. In addition to being able to vote during the virtual Annual Meeting, the platform for the virtual Annual Meeting will permit stockholders to submit appropriate questions during the virtual Annual Meeting through the website for the virtual Annual Meeting, and we will answer as many questions submitted in accordance with the rules of conduct for the virtual Annual Meeting as possible in the time allotted for the virtual Annual Meeting. The question-and-answer session will follow the formal matters to be addressed at the virtual Annual Meeting.

Stockholders of record at the close of business on Wednesday, March 15, 2023, are entitled to vote at the virtual Annual Meeting and any adjournments or postponements thereof.

---

| |
|:---|
| By Order of the Board of Directors, |
| /s/ Cole G. Carter |
| Cole G. Carter,  |
| Executive Vice President, General Counsel & |
| Secretary |

---

March 28, 2023

Brentwood, TN

ii<br>

------

---

| | |
|:---|:---|
|  [IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDER MEETING TO BE HELD ON THURSDAY, MAY 11, 2023](#tIMP) | [2](#tIMP) |
|  [INFORMATION ABOUT THE VIRTUAL ANNUAL MEETING AND VOTING](#tINFO) | [3](#tINFO) |
| &nbsp;&nbsp;&nbsp;&nbsp; [What matters will be acted on at the virtual Annual Meeting?](#tINFO1) | [3](#tINFO1) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Who is entitled to vote at the virtual Annual Meeting?](#tINFO2) | [3](#tINFO2) |
| &nbsp;&nbsp;&nbsp;&nbsp; [What do I need to attend the virtual Annual Meeting?](#tINFO3) | [3](#tINFO3) |
| &nbsp;&nbsp;&nbsp;&nbsp; [How does our Board recommend I vote on each of the proposals?](#tINFO4) | [4](#tINFO4) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Why did I receive the Notice in the mail instead of a full set of printed proxy materials?](#tINFO5) | [4](#tINFO5) |
| &nbsp;&nbsp;&nbsp;&nbsp; [How do I vote?](#tINFO6) | [5](#tINFO6) |
| &nbsp;&nbsp;&nbsp;&nbsp; [What are broker non-votes?](#tINFO7) | [5](#tINFO7) |
| &nbsp;&nbsp;&nbsp;&nbsp; [What vote is required to approve each proposal?](#tINFO8) | [6](#tINFO8) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Where can I find the virtual Annual Meeting voting results?](#tINFO9) | [7](#tINFO9) |
| &nbsp;&nbsp;&nbsp;&nbsp; [What is the deadline to propose actions (other than director nominations) for consideration at next year's annual meeting of stockholders?](#tINFO10) | [7](#tINFO10) |
| &nbsp;&nbsp;&nbsp;&nbsp; [How may I nominate individuals to serve as directors and what are the deadlines for a director nomination at next year's annual meeting of stockholders?](#tINFO11) | [7](#tINFO11) |
| &nbsp;&nbsp;&nbsp;&nbsp; [How can I obtain the Company's Annual Report on Form 10-K?](#tINFO12) | [8](#tINFO12) |
| &nbsp;&nbsp;&nbsp;&nbsp; [What are the costs of soliciting these proxies?](#tINFO13) | [8](#tINFO13) |
| &nbsp;&nbsp;&nbsp;&nbsp; [How many copies of the Notice and proxy materials should I receive if I share an address with another stockholder?](#tINFO14) | [8](#tINFO14) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Whom should I contact if I have any questions?](#tINFO15) | [8](#tINFO15) |
| &nbsp;&nbsp;&nbsp;&nbsp; [How do I submit a question during the virtual Annual Meeting?](#tINFO17) | [9](#tINFO17) |
| &nbsp;&nbsp;&nbsp;&nbsp; [What if during the virtual Annual Meeting I have technical difficulties or trouble accessing the live webcast of the virtual Annual Meeting?](#tINFO16) | [9](#tINFO16) |
|  [CORPORATE GOVERNANCE](#tCG) | [10](#tCG) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Director Independence](#tCG1) | [10](#tCG1) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Separation of Chairman and Chief Executive Officer](#tCG2) | [10](#tCG2) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Executive Sessions of our Board](#tCG3) | [11](#tCG3) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Board Meetings and Committees](#tCG4) | [11](#tCG4) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Limitations on Other Board Service](#tCG5) | [17](#tCG5) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Communications with Directors](#tCG6) | [17](#tCG6) |

---

iii<br>

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---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; [Certain Relationships and Related Party Transactions](#tCG7) | [18](#tCG7) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Stock Ownership Guidelines](#tCG8) | [19](#tCG8) |
| &nbsp;&nbsp;&nbsp;&nbsp; [No Hedging or Pledging Permitted](#tCG9) | [19](#tCG9) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Compensation Clawback](#tCG9A) | [19](#tCG9A) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Code of Ethics](#tCG10) | [20](#tCG10) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Board Oversight of Corporate Strategy and Enterprise Risk](#tCG11) | [20](#tCG11) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Environmental, Social and Governance](#tCG12) | [21](#tCG12) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Compensation Risk Assessment](#tCG13) | [22](#tCG13) |
|  [PROPOSAL 1 - ELECTION OF DIRECTORS](#tP1) | [24](#tP1) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Incumbent Directors Standing for Re-Election](#tP11) | [26](#tP11) |
|  [PROPOSAL 2 - NON-BINDING RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM](#tP2) | [33](#tP2) |
|  [AUDIT MATTERS](#tP21) | [34](#tP21) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Audit and Non-Audit Fees](#tP22) | [34](#tP22) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Pre-Approval of Audit and Non-Audit Fees](#tP23) | [34](#tP23) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Report of the Audit Committee](#tP24) | [35](#tP24) |
|  [PROPOSAL 3 - ADVISORY VOTE TO APPROVE THE COMPENSATION OF NAMED EXECUTIVE OFFICERS](#tP3) | [36](#tP3) |
|  [PROPOSAL 4 - ADVISORY VOTE ON THE FREQUENCY OF FUTURE ADVISORY VOTES ON EXECUTIVE COMPENSATION](#tP4) | [37](#tP4) |
|  [EXECUTIVE OFFICERS](#tEXEA) | [38](#tEXEA) |
|  [EXECUTIVE AND DIRECTOR COMPENSATION](#tEXE) | [40](#tEXE) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Compensation Discussion and Analysis](#tEXE1) | [40](#tEXE1) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Executive Summary](#tEXE2) | [40](#tEXE2) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Compensation Philosophy and Objectives](#tEXE3) | [47](#tEXE3) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Process for Determining Compensation – Independent Review and Use of Market Data](#tEXE4) | [47](#tEXE4) |
| &nbsp;&nbsp;&nbsp;&nbsp; [NEO Compensation for 2022](#tEXE5) | [50](#tEXE5) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Non-Direct Compensation](#tEXE6) | [62](#tEXE6) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guidelines and Policies](#tEXE7) | [64](#tEXE7) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Compensation Committee Report](#tEXE8) | [66](#tEXE8) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Summary Compensation Table](#tEXE9) | [67](#tEXE9) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Grants of Plan-Based Awards in 2022](#tEXE10) | [68](#tEXE10) |

---

iv<br>

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---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; [Outstanding Equity Awards at 2022 Fiscal Year-End](#tEXE11) | [69](#tEXE11) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Option Exercises and Stock Vested in 2022](#tEXE12) | [70](#tEXE12) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nonqualified Deferred Compensation in 2022](#tEXE13) | [70](#tEXE13) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Potential Payments Upon Termination or Change in Control](#tEXE14) | [71](#tEXE14) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Table of Potential Payments Upon Termination or Change in Control](#tEXE15) | [74](#tEXE15) |
| &nbsp;&nbsp;&nbsp;&nbsp; [2022 CEO Pay Ratio](#tEXE16) | [75](#tEXE16) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Pay Versus Performance](#tPVP) | [76](#tPVP) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Director Compensation](#tEXE17) | [79](#tEXE17) |
| &nbsp;&nbsp;&nbsp;&nbsp; [2022 Director Compensation Table](#tEXE18) | [81](#tEXE18) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Director Stock Ownership Guidelines](#tEXE19) | [82](#tEXE19) |
|  [SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT](#tS) | [83](#tS) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Ownership of Common Stock – Directors and Executive Officers](#tS1) | [83](#tS1) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Ownership of Common Stock – Principal Stockholders](#tS2) | [84](#tS2) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Section 16(a) Beneficial Ownership Reporting Compliance](#tS3) | [85](#tS3) |
|  [OTHER](#tO) | [86](#tO) |
| &nbsp;&nbsp;&nbsp;&nbsp; [No Incorporation by Reference](#tO1) | [86](#tO1) |
| &nbsp;&nbsp;&nbsp;&nbsp; [Forward-Looking Statements](#tO2) | [86](#tO2) |
|  [APPENDIX A: RECONCILIATION OF NON-GAAP DISCLOSURES](#tAPPA) | [A-1](#tAPPA) |

---

v<br>

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#### CORECIVIC, INC.

#### PROXY STATEMENT

#### FOR

#### THE ANNUAL MEETING OF STOCKHOLDERS

#### TO BE HELD ON THURSDAY, MAY 11, 2023
We are providing this Proxy Statement in connection with the solicitation by the Board of Directors (our "Board") of CoreCivic, Inc., a Maryland corporation (the "Company," "CoreCivic," "we" or "us"), of proxies to be voted at our 2023 Annual Meeting of Stockholders and any adjournments or postponements thereof (the "Annual Meeting"). This year's Annual Meeting will be a virtual meeting of stockholders to be held over the internet via webcast at <u>www.virtualshareholdermeeting.com/CXW2023</u>. We believe that the use of the internet to host the virtual Annual Meeting enables full and equal participation by all of our stockholders from nearly any location in the world at little to no additional cost to any such stockholder.

On or about Tuesday, March 28, 2023, a Notice of Internet Availability of Proxy Materials (the "Notice") will be mailed to our stockholders of record as of the close of business Wednesday, March 15, 2023, the record date, containing instructions on how to access this Proxy Statement, the Annual Report to Stockholders (including our Letter to Stockholders and 2022 Annual Report on Form 10-K) and other proxy materials online, and how to vote. If you prefer to receive the proxy materials in the mail and to vote by mail, the Notice also contains instructions on how to request a printed copy. You will not receive printed copies of the proxy materials in the mail unless you specifically request them.

The virtual Annual Meeting will take place via webcast on Thursday, May 11, 2023, at 10:00 a.m., Central Time. An audio broadcast of the virtual Annual Meeting will also be available to stockholders by telephone at 1-877-328-2502 (toll-free) or 1-412-317-5419 (international). Please note that listening to the telephonic audio broadcast will not be deemed attending the virtual Annual Meeting, and you cannot vote or participate in the virtual Annual Meeting from such telephonic audio broadcast. You will be able to attend the virtual Annual Meeting and to vote and submit questions during the virtual Annual Meeting via a live webcast by visiting <u>www.virtualshareholdermeeting.com/CXW2023</u> and entering the 16-digit control number included on your Notice, your proxy card or voter instruction form. The live webcast format of our virtual Annual Meeting is designed to provide our stockholders with rights and opportunities to participate as they would at an in-person meeting. In addition to being able to vote during the virtual Annual Meeting, the platform for the virtual Annual Meeting will permit stockholders to submit appropriate questions during the virtual Annual Meeting through the website for the virtual Annual Meeting, and we will answer as many questions submitted in accordance with the rules of conduct for the virtual Annual Meeting as possible in the time allotted for the virtual Annual Meeting. The question-and-answer session will follow the formal matters to be addressed at the virtual Annual Meeting. If you plan to attend the virtual Annual Meeting, you must be a stockholder of record as of the close of business on Wednesday, March 15, 2023, the record date.

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#### **TABLE OF CONTENTS**

#### IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE

#### STOCKHOLDER MEETING TO BE HELD ON THURSDAY, MAY 11, 2023.
The Company's Proxy Statement and Annual Report to Stockholders (including our Letter to Stockholders and 2022 Annual Report on Form 10-K) are available on our website at <u>www.corecivic.com</u>. Additionally, and in accordance with SEC rules, you may access our proxy materials at <u>http://materials.proxyvote.com/21871N.</u>

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#### **TABLE OF CONTENTS**

#### INFORMATION ABOUT THE VIRTUAL ANNUAL MEETING AND VOTING

#### What matters will be acted on at the virtual Annual Meeting?
Stockholders are asked to consider and vote on the following matters at the virtual Annual Meeting:

---

| | |
|:---|:---|
| Proposal 1. | The election of the 10 nominees named in this Proxy Statement to our Board. |
| Proposal 2. | The non-binding ratification of the appointment by our Audit Committee of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2023. |
| Proposal 3. | An advisory vote to approve the compensation paid to our Named Executive Officers. |
| Proposal 4. | An advisory vote on the frequency of future advisory votes on executive compensation. |
| Proposal 5. | Such other matters as may properly come before the virtual Annual Meeting or any adjournments or postponements thereof. |

---

As of the date of this Proxy Statement, we are not aware of any other matters that will be presented for action at the virtual Annual Meeting.

#### Who is entitled to vote at the virtual Annual Meeting?
Stockholders of record of our common stock at the close of business on the "record date" are entitled to receive notice of and to vote at the virtual Annual Meeting. Our Board has fixed the close of business on Wednesday, March 15, 2023, as the record date.

As of the record date, there were 114,667,461 shares of common stock outstanding and entitled to vote. Holders of common stock are entitled to one vote for each share of common stock held as of the record date on each matter to be voted on at the virtual Annual Meeting.

#### What do I need to attend the virtual Annual Meeting?
If you wish to attend the virtual Annual Meeting via webcast, you must be a stockholder of record as of the close of business on Wednesday, March 15, 2023, the record date. If you are a stockholder of record, or if you hold a legal proxy for the virtual Annual Meeting provided by your broker, bank, or nominee, you may attend the virtual Annual Meeting via a live webcast by visiting <u>www.virtualshareholdermeeting.com/CXW2023</u> and entering the 16-digit control number included on your Notice, your proxy card or voter instruction form. If you do not own your shares directly, but instead are the beneficial owner of shares held in "street name" by a broker, bank or other nominee and wish to attend the virtual Annual Meeting, you should follow the instructions on the voting instruction form or the Notice you receive from your broker, bank, or other nominee.

In order to vote or submit a question during the virtual Annual Meeting, you will need to follow the instructions posted at <u>www.virtualshareholdermeeting.com/CXW2023</u> and will need to enter the 16-digit control number included on your Notice, your proxy card or voter instruction form. Broadridge Financial Services, Inc. is hosting our virtual Annual Meeting and, on the date of the virtual Annual Meeting, will be available to answer your questions regarding how to attend and participate in the virtual Annual Meeting. More information on technical support issues relating to access to, and participation in, the virtual Annual

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#### **TABLE OF CONTENTS**
Meeting is provided under the heading *What if during the virtual Annual Meeting I have technical difficulties or trouble accessing the live webcast of the virtual Annual Meeting?* If you do not own your shares directly, but instead are the beneficial owner of shares held in "street name" by a broker, bank or other nominee and wish to vote or submit a question during the virtual Annual Meeting, you should follow the instructions on the voting instruction form or the Notice you receive from your broker, bank, or other nominee.

The virtual Annual Meeting platform is fully supported across browsers (Microsoft Edge, Google Chrome, and Apple Safari) and devices (including computers, tablets, and cell phones) running the most updated version of applicable software. Participants should ensure that they have a reliable Wi-Fi connection whenever they intend to participate in the virtual Annual Meeting. Participants should allow time to log in and ensure that they can hear streaming audio prior to the start of the virtual Annual Meeting.

An audio broadcast of the virtual Annual Meeting will also be available to stockholders by telephone at 1-877-328-2502 (toll-free) or 1-412-317-5419 (international). Please note that listening to the telephonic audio broadcast will not be deemed attending the virtual Annual Meeting, and you cannot vote or participate in the virtual Annual Meeting from such telephonic audio broadcast.

#### How does our Board recommend I vote on each of the proposals?
Our Board recommends that you vote:

&nbsp;&nbsp;&nbsp;&nbsp;• **FOR** the election of each of the 10 nominees to serve as directors on our Board.

&nbsp;&nbsp;&nbsp;&nbsp;• **FOR** the ratification of the appointment of Ernst & Young LLP.

&nbsp;&nbsp;&nbsp;&nbsp;• **FOR** the approval, by a non-binding advisory vote, of the compensation paid to our Named
 Executive Officers.

&nbsp;&nbsp;&nbsp;&nbsp;• **"ONE YEAR"** for the frequency with which stockholders are provided with an advisory vote
 on executive compensation.

If you submit a signed proxy card or submit your proxy by telephone or internet and do not specify how you want your shares voted, the proxy holder will vote your shares according to the recommendations of our Board set forth above. Further, if any other matter properly comes before the virtual Annual Meeting or any adjournments or postponements thereof, the proxy holders will vote as recommended by our Board or, if no recommendation is given, in their own discretion.

#### Why did I receive the Notice in the mail instead of a full set of printed proxy materials?
Pursuant to rules adopted by the SEC, we have elected to provide access to our proxy materials over the internet. Accordingly, we are sending the Notice regarding the internet availability of the proxy materials to most of our stockholders of record and beneficial owners. All stockholders will have the ability to access the proxy materials on the website referred to in the Notice or to request to receive a printed set of proxy materials. Instructions on how to access the proxy materials over the internet or to request a printed copy may be found in the Notice. In addition, stockholders may request receipt of proxy materials in printed form by mail or electronically by e-mail on an ongoing basis by following instructions set forth in the Notice.

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#### **TABLE OF CONTENTS**

#### How do I vote?
You can vote either in person by attending the virtual Annual Meeting via webcast or by proxy (whether or not you attend the virtual Annual Meeting via webcast). In order to vote while attending the virtual Annual Meeting via webcast, you will need to follow the instructions posted at <u>www.virtualshareholdermeeting.com/CXW2023</u> and will need to enter the 16-digit control number included on your Notice, your proxy card or voter instruction form.

If you are a record holder, you can submit your vote by proxy in any of the following ways:

&nbsp;&nbsp;&nbsp;&nbsp;• vote by internet (instructions are in the Notice you received in the mail or on the proxy card);

&nbsp;&nbsp;&nbsp;&nbsp;• vote by toll-free telephone (instructions are on the proxy card); or

&nbsp;&nbsp;&nbsp;&nbsp;• if you requested and received printed copies of this Proxy Statement and the Annual Report to Stockholders (including our Letter
 to Stockholders and 2022 Annual Report on Form 10-K) and other proxy materials, you may vote by filling out the proxy card enclosed with the materials, dating and signing it, and returning it in the accompanying postage-paid envelope.

If a broker, bank, or other nominee was the record holder of your stock on the record date, you will be able to instruct your broker, bank, or other nominee on how to vote by following the instructions on the voting instruction form or the Notice you receive from your broker, bank, or other nominee. If you wish to vote in person via attendance at the virtual Annual Meeting, you will need to obtain a valid proxy from your broker, bank or other nominee authorizing you to vote your shares at the virtual Annual Meeting by following the instructions on the voting instruction form or the Notice you receive from your broker, bank, or other nominee.

As a record holder, if you submit voting instructions by telephone or by the internet, you may change your vote by following the same instructions used in originally voting your shares. If your shares are held in the name of a broker, bank, or other nominee, you may change your voting instructions by following the instructions of your broker, bank, or other nominee. Attendance at the virtual Annual Meeting will not by itself revoke a previously granted proxy.

**Your vote is important. Whether or not you plan to attend the virtual Annual Meeting via webcast, we urge you to submit your voting instructions to the proxy holders as soon as possible.** 

#### What are broker non-votes?
A "broker non-vote" occurs when a broker, bank or other nominee holding shares for a beneficial owner has not received voting instructions from the beneficial owner and the broker, bank or other nominee does not have discretionary authority to vote the shares. Brokers, banks, and other nominees do not have discretionary authority to vote on the election of directors to serve on our Board (Proposal 1) or the advisory vote to approve the compensation paid to our Named Executive Officers (Proposal 3) or the advisory vote on the frequency of advisory votes on executive compensation (Proposal 4). As a result, if you hold your shares in street name and do not provide voting instructions on these proposals to your broker, bank or other nominee, your shares will be considered to be broker non-votes and will not be voted on such proposals. Shares that constitute broker non-votes will be counted as present at the virtual Annual Meeting for the purpose of determining a quorum but will not be considered entitled to vote on Proposal 1, Proposal 3, or Proposal 4. Brokers, banks, and other nominees generally have discretionary authority to vote on Proposal 2, the non-binding ratification of the selection of Ernst & Young LLP as our independent registered public accounting firm.

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#### What vote is required to approve each proposal?
***Quorum Requirement. The presence, in person via attendance at the virtual Annual Meeting or by proxy, of the Company's stockholders entitled to cast a majority of the votes entitled to be cast at the virtual Annual Meeting is necessary to constitute a quorum for the transaction of business at the virtual Annual Meeting. Abstentions and broker non-votes will be treated as shares present and entitled to vote for purposes of determining the presence of a quorum. Failure of a quorum to be represented at the virtual Annual Meeting will necessitate an adjournment or postponement of the virtual Annual Meeting and will subject the Company to additional expense.***

***Election of Directors. Under the Company's Tenth Amended and Restated Bylaws (the "Bylaws"), adopted by our Board in December 2022, a majority of all of the votes cast at the virtual Annual Meeting is required for the election of each nominee in an uncontested election of directors. A majority of votes cast means the number of shares cast "for" a nominee's election exceeds the number of votes cast "against" that nominee. Brokers do not have discretionary authority to vote on the election of directors. Abstentions and broker non-votes will have no effect on the outcome of the vote of the election of directors as they are not considered votes cast.***

If a director nominee is an incumbent director and does not receive a majority of the votes cast in an uncontested election, that director will continue to serve on our Board as a "holdover" director but must tender his or her resignation to our Board promptly after certification of the election results of the stockholder vote. The Nominating and Governance Committee of our Board will then recommend to our Board whether to accept the resignation or whether other action should be taken. Our Board will act on the tendered resignation, taking into account the recommendation of our Nominating and Governance Committee, and our Board's decision will be publicly disclosed within 90 days after certification of the election results of the stockholder vote. A director who tenders his or her resignation after failing to receive a majority of the votes cast will not participate in the recommendation of our Nominating and Governance Committee or the decision of our Board with respect to his or her resignation.

***Non-Binding Ratification of Ernst & Young LLP. The affirmative vote of the holders of a majority of the shares present in person via attendance at the virtual Annual Meeting or represented by proxy at the virtual Annual Meeting and entitled to vote is required to approve, on an advisory basis, the ratification of the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2023. If our stockholders do not ratify the appointment of Ernst & Young LLP, our Audit Committee will reconsider the appointment and may affirm the appointment of Ernst & Young LLP or retain another independent accounting firm, in its sole discretion. Even if the appointment of Ernst & Young is ratified, our Audit Committee may in the future replace Ernst & Young LLP as our independent registered public accounting firm at any time if it determines that a change would be in our best interest. Because brokers have discretionary authority to vote on the ratification of the selection of Ernst & Young LLP as our independent registered public accountants, we do not expect any broker non-votes in connection with this proposal. If you abstain from voting on this proposal, your abstention will have the same effect as a vote against the proposal.***

***Advisory Vote on Executive Compensation. The affirmative vote of the holders of a majority of the shares present in person via attendance at the virtual Annual Meeting or represented by proxy at the virtual Annual Meeting and entitled to vote is required to approve the non-binding advisory vote of compensation paid to our Named Executive Officers. Because your vote is advisory, it will not be binding on our Board or the Company. However, our Board and our Compensation Committee will review the voting results and***

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take them into consideration when making future decisions regarding executive compensation paid to our Named Executive Officers. Broker non-votes will have no effect on the outcome of this proposal. If you abstain from voting on this proposal, your abstention will have the same effect as a vote against the proposal.

***Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation. The frequency of the non-binding advisory vote on the compensation paid to our Named Executive Officers receiving the greatest number of votes — every three years, every two years or every one year — will be the frequency that shareholders approve. Because your vote is advisory, it will not be binding on our Board or the Company. However, our Board and our Compensation Committee will review the voting results and take them into consideration when making future decisions regarding the frequency of the advisory vote on executive compensation. Broker non-votes and abstentions will have no effect on the outcome of this proposal.***

#### Where can I find the virtual Annual Meeting voting results?
We will announce the voting results at the virtual Annual Meeting. We also will report the voting results on a Current Report on Form 8-K, which we expect to file with the SEC within four business days after the virtual Annual Meeting has been held.

#### What is the deadline to propose actions (other than director nominations) for consideration at next year's annual meeting of stockholders?
Our annual meeting of stockholders generally is held in May of each year. Consistent with applicable SEC rules, we will consider for inclusion in our proxy materials for next year's annual meeting stockholder proposals that are actually received at our executive offices no later than Wednesday, November 29, 2023, and that comply with other SEC rules regarding form and content. Proposals must be sent to our executive offices using the following address: CoreCivic, Attention: Secretary, 5501 Virginia Way, Suite 110, Brentwood, Tennessee 37027.

Other stockholder proposals may be raised at next year's annual meeting (but not considered for inclusion in our proxy materials) if timely received and otherwise in compliance with the advance notice provisions of our Bylaws. In order to be timely, notice must be actually received at our executive offices (the applicable address listed above) between Sunday, February 11, 2024 and Tuesday, March 12, 2024.

**How may I nominate individuals to serve as directors and what are the deadlines for a director nomination at next year's annual meeting of stockholders?** 

If you wish to nominate an individual to serve as a director, our Bylaws require that you comply with certain procedural requirements, including the delivery of a timely notice of the nomination in proper written form. The notice must include, among other things, certain biographical information regarding the proposed nominee that is required to be disclosed in solicitations of proxies for election of directors, or is otherwise required, in each case pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), a completed written questionnaire with respect to each proposed nominee setting forth the background and qualifications of such proposed nominee, the proposed nominee's written consent to nomination and the additional information as set forth in our Bylaws. Additionally, for a stockholder nominee to appear in our proxy materials, the nominating stockholder must satisfy, among other requirements set forth in our Bylaws, certain CoreCivic capital stock ownership requirements, as well as expressly elect at the time of providing the notice described above to have its nominee included in the Company's proxy materials.

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For a stockholder's notice to the Secretary of the nomination of an individual to serve as a director to be timely under our Bylaws, it must be delivered to or mailed and received at our principal executive offices (the applicable address listed above) between Sunday, February 11, 2024 and Tuesday, March 12, 2024. If the presiding officer at a meeting determines that a nomination was not properly made in accordance with the procedures set forth in our Bylaws, then the presiding officer will declare to the meeting that the nomination was defective, and the defective nomination shall be disregarded.

#### How can I obtain the Company's Annual Report on Form 10-K?
Any stockholder who desires a copy of our Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC, may obtain a copy without charge by visiting our website, <u>www.corecivic.com</u>. A copy of our Annual Report on Form 10-K can also be obtained, free of charge, upon written request to CoreCivic, Attention: Cameron Hopewell, Managing Director of Investor Relations, 5501 Virginia Way, Suite 110, Brentwood, Tennessee 37027.

#### What are the costs of soliciting these proxies?
The Company pays the cost of soliciting proxies. Solicitation initially will be made by mail. Forms of proxies and proxy materials may also be distributed through brokers, custodians, and other like parties to the beneficial owners of shares of our common stock, in which case we will reimburse these parties for their reasonable out-of-pocket expenses. Proxies may also be solicited personally or by telephone, e-mail or facsimile by directors, officers, and employees of the Company. No additional compensation will be paid for these services.

#### How many copies of the Notice and proxy materials should I receive if I share an address with another stockholder?
The SEC has adopted rules that permit companies and intermediaries such as brokers to satisfy delivery requirements for proxy statements and annual reports with respect to two or more stockholders sharing the same address by delivering a single copy of the Notice and, to the extent requested, a single set of proxy materials addressed to those stockholders. This process, which is commonly referred to as "householding," potentially provides extra convenience for stockholders and cost savings for companies. The Company and some brokers household proxy materials unless contrary instructions have been received from the affected stockholders. Once you have received notice from your broker or us that they or we will be householding materials to your address, householding will continue until you are notified otherwise or until you provide instructions to the contrary. If at any time you do not wish to participate in householding and would prefer to receive a separate copy of the Notice or, to the extent requested, set of proxy materials, or if you are receiving multiple copies of proxy materials and wish to receive only one, please notify your broker if your shares are held in a brokerage account or our transfer agent, identified below, if you hold registered shares. You may also notify us by sending a written request to CoreCivic, Attention: Cameron Hopewell, 5501 Virginia Way, Suite 110, Brentwood, Tennessee 37027.

#### Whom should I contact if I have any questions?
If you have any questions about the virtual Annual Meeting or these proxy materials, please contact Cameron Hopewell, 5501 Virginia Way, Suite 110, Brentwood, Tennessee 37027 or by telephone at (615) 263-3000. If you are a registered stockholder and have any questions about your ownership of our common stock, please contact our transfer agent, the American Stock Transfer and Trust Company, at 6201 15<sup>th</sup> Avenue, Brooklyn, New York 11219, (800) 937-5449, or Cameron Hopewell, Managing Director of Investor Relations, at the address and phone number above. If your shares are held in a brokerage account, please contact your broker.

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#### How do I submit a question during the virtual Annual Meeting?
We hold a question-and-answer session following the formal business portion of the meeting during which shareholders may submit questions to us. If you would like to submit a question during the virtual Annual Meeting, once you have logged into the webcast at <u>www.virtualshareholdermeeting.com/CXW2023</u>, simply type your question in the "ask a question" box and click "submit." We will answer as many questions submitted in accordance with the rules of conduct for the virtual Annual Meeting as possible in the time allotted for the virtual Annual Meeting.

#### What if during the virtual Annual Meeting I have technical difficulties or trouble accessing the live webcast of the virtual Annual Meeting?
We encourage you to access the virtual Annual Meeting before it begins. Online check-in will start approximately thirty minutes before the virtual Annual Meeting on Thursday, May 11, 2023. If you encounter any difficulties accessing the virtual Annual Meeting during the check-in time or meeting time, or you have any questions regarding how to use the virtual meeting platform, please call the technical support number that will be posted on the virtual shareholder meeting log-in page. On Thursday, May 11, 2023, there will be technicians available to assist you beginning at 9:30 a.m., Central Time.

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#### CORPORATE GOVERNANCE
We believe effective corporate governance is important to our long-term success and our ability to create value for our stockholders. With leadership from our Nominating and Governance Committee, our Board regularly evaluates regulatory developments and trends in corporate governance to determine whether our policies and practices in this area should be enhanced. Our Nominating and Governance Committee also administers an annual self-evaluation process for our Board and its standing committees. In addition, our directors are encouraged to attend director education programs, which are reimbursed by the Company.

You can access our current corporate charter, Bylaws, Corporate Governance Guidelines, Board committee charters, Code of Ethics, and certain other corporate governance information on our website, <u>www.corecivic.com</u> (under the "Corporate Governance" section of the Investors page).

#### Director Independence
Messrs. Hininger and Lappin are not independent directors because Mr. Hininger is employed by the Company, and Mr. Lappin was employed by the Company until February 2022. Our Board has determined all of our other directors are independent.

In making the determination that each of our other directors is independent, our Board affirmatively determined that each such director satisfies the definition of "independent director" under the rules of the New York Stock Exchange ("NYSE"). In addition, our Board has further determined the following regarding the directors it has determined to be independent:

&nbsp;&nbsp;&nbsp;&nbsp;• They have not been employed by the Company, its subsidiaries, affiliates, or its investment advisor or affiliates thereof, within
 the last three calendar years.

&nbsp;&nbsp;&nbsp;&nbsp;• They have not received during the current calendar year, or any of the three immediately preceding calendar years, remuneration,
 directly or indirectly, other than de minimis remuneration, as a result of service as, or compensation paid to an entity affiliated with the individual who serves as: (i) an advisor, consultant, or legal counsel to the Company or to a
 member of the Company's senior management; (ii) a significant customer or supplier of the Company; or (iii) a creditor of the Company or its affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;• They have not had any personal services contract(s) with the Company, or any member of the Company's senior management.

&nbsp;&nbsp;&nbsp;&nbsp;• They have not had any of the relationships described above with any affiliate of the Company.

Accordingly, eight of our ten current directors are independent, and eight of our ten director nominees are independent. Our Audit, Risk, Compensation and Nominating and Governance Committees are composed entirely of independent directors. In making its independence determinations, our Board used the requirements and standards for director independence prescribed by the NYSE, the SEC and our Corporate Governance Guidelines and considers all relevant facts and circumstances.

#### Separation of Chairman and Chief Executive Officer
In December 2022, our Board established a policy regarding the separation of our Chairman of the Board of Directors (our "Chair") and Chief Executive Officer ("CEO") positions. While, in general, our Board believes the determination depends on the circumstances, including our Board's evaluation of the person or persons available to serve in those positions and the needs of the Company at a particular time, our Corporate Governance Guidelines require the appointment of a Lead Independent Director ("LID") whenever the role of Chair and CEO are held by the same person.

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Since October 2009, the roles of Chair and CEO have been held separately. Mark A. Emkes currently serves as our Chair, while Damon T. Hininger serves as our President and CEO. Our Board believes the Company's leadership structure is appropriate at this particular time and has not appointed an LID. Having Mr. Hininger serve as President and CEO, while Mr. Emkes serves as our Chair, helps us achieve important strategic objectives. Mr. Hininger is positioned to fully focus his energies on implementing our business strategy and administering our day-to-day affairs. Mr. Emkes is positioned to draw on his relationships with Board members and his experience to effectively discharge the duties of Chair, while also serving as a resource to Mr. Hininger. Our Board considers many factors when determining how to best select our Chair, including: familiarity with the Company and its business, proximity in location to the Company's headquarters, experience as a leader and consensus builder, willingness and availability to dedicate sufficient time to the Company and experience working with other public companies.

Pursuant to our Bylaws, our Chair presides over meetings of our Board and meetings of the stockholders at which he or she is present and has general oversight responsibility for our business and affairs. Our CEO has responsibility for implementation of the policies of the Company, as determined by our Board, and for the administration of our business affairs. Our CEO also has responsibility for presiding over any meeting of our Board or of the stockholders at which our Chair is not present.

#### Executive Sessions of our Board
Executive sessions of our Board, or meetings of our independent directors without management present, are held periodically in order to provide an opportunity for the directors to discuss openly any and all matters. Our independent directors typically conduct their executive sessions prior to, and/or following the conclusion of, regular meetings of our Board. Our Corporate Governance Guidelines provide that executive sessions of our Board are called and chaired by an independent director appointed from time to time by our Nominating and Governance Committee. Mark A. Emkes currently serves as the executive session chair.

#### Board Meetings and Committees
Our Board is responsible for establishing our broad corporate policies and strategic objectives, reviewing our overall performance, and overseeing management's performance. Among other things, our Board appoints and evaluates our executive officers, establishes, reviews, and approves our corporate objectives and strategies and evaluates and approves major acquisitions and capital commitments.

Our Board currently consists of 10 directors, each of whom are standing for re-election at the virtual Annual Meeting and are identified, along with their biographical information under "Proposal 1—Election of Directors" beginning on page [24](#tP1) of this Proxy Statement.

In 2022, our Board met six times in regular session, and our independent directors met seven times in executive session. The average attendance of all directors at Board and applicable regularly standing committee meetings was approximately 97%. Each director attended at least 80% of the aggregate meetings of the Board and any regularly standing committees on which such director was a member, during the period in which he or she served as a member of such committee. Our Corporate Governance Guidelines provide that all directors are expected to attend each annual meeting of stockholders. All of the directors serving on the Board at such time virtually attended the 2022 virtual Annual Meeting of Stockholders.

Our Board has five regularly standing committees: the Audit, Compensation, Nominating and Governance, Risk and Executive Committees. Each regularly standing committee has a written charter that has been approved by the respective committee, the Nominating and Governance Committee and our Board. Each committee charter is reviewed at least annually. Our Board and its committees may act by unanimous written consent without convening a meeting. Our Board also appoints and delegates certain duties to

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special committees from time to time as permitted by our Bylaws. The table below shows the current composition of each of our regularly standing committees. In addition, the table below shows the composition of two special committees, which were both disbanded in 2022 (the Special Litigation Committee and the Diversity, Equity, and Inclusion Committee). Together with a summary of each committee's responsibilities and the number of meetings each committee held in 2022.

---

| | | | |
|:---|:---|:---|:---|
| **Committee** | **Members** | **Summary of Responsibilities** | **2022**<br>**Meetings** |
| Audit | John R. Prann, Jr. (Chair) <br>Donna M. Alvarado <br>Anne L. Mariucci <br>Devin I. Murphy | Responsibilities include oversight of integrity of our financial statements; hiring, qualifications, independence, and performance of our independent registered public accountants; and performance of our internal audit function. | 5 |
| Compensation | Robert J. Dennis (Chair) <br>Mark A. Emkes <br>Anne L. Mariucci <br>John R. Prann, Jr. | Responsibilities include setting executive officer compensation and overseeing the evaluation of the executive officers' performance, and periodically reviewing and approving the Company's compensation philosophy regarding executive compensation. | 4 |
| Nominating and Governance | Donna M. Alvarado (Chair) <br>Mark A. Emkes <br>Stacia A. Hylton <br>Thurgood Marshall, Jr. <br>Devin I. Murphy | Responsibilities include identifying and recommending director nominees to the full Board and taking a leadership role in shaping and evaluating the Board's corporate governance initiatives. | 5 |
| Risk | Thurgood Marshall, Jr. (Chair) Donna M. Alvarado <br>Stacia A. Hylton <br>Devin I. Murphy | Responsibilities include coordinating the Board's oversight of the Company's risk assessment and enterprise risk management practices, including the Company's Environmental, Social and Governance ("ESG") Reporting Program as well as the Company's legal, regulatory and contract compliance. | 6 |
| Executive | Mark A. Emkes (Chair) <br>Robert J. Dennis <br>Damon T. Hininger | When necessary, and subject to authority limitations as to significant corporate actions, responsible for acting on behalf of the full Board during intervals between Board meetings. | —  |
| Special Litigation Committee <sup>(1)</sup> | Stacia A. Hylton (Chair)<br>Devin I. Murphy | In response to stockholder demand letters, our Board formed a Special Litigation Committee in 2016. | 6 |
| Diversity, Equity and Inclusion Committee <sup>(2)</sup> | Anne L, Mariucci (Chair) <br>Donna M. Alvarado <br>Stacia A. Hylton <br>Thurgood Marshall Jr. | Formed to guide and support management's efforts to enhance Diversity, Equity, and Inclusion ("DEI") activities and actions within the Company. | 1 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Following the resolution of the various derivative matters for which The Special Litigation Committee was formed, the Special
 Litigation Committee completed its remaining work and was dissolved by our Board on December 13, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The Diversity, Equity and Inclusion Committee completed its work and was dissolved by our Board on May 12, 2022.

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#### Audit Committee
Our Audit Committee is responsible for:

&nbsp;&nbsp;&nbsp;&nbsp;• overseeing the integrity of our financial statements;

&nbsp;&nbsp;&nbsp;&nbsp;• reviewing the effectiveness of our internal control over financial reporting;

&nbsp;&nbsp;&nbsp;&nbsp;• supervising our relationship with our independent registered public accounting firm, including making decisions with respect to
 appointment or removal, fees, scope of audit services, approval of audit and non-audit services and annual evaluation of the audit firm's independence;

&nbsp;&nbsp;&nbsp;&nbsp;• monitoring preparation by our management of quarterly and annual financial reports and interim earnings releases and the
 performance of our internal audit function;

&nbsp;&nbsp;&nbsp;&nbsp;• reviewing Management's Discussion and Analysis of Financial Condition and Results of Operations prior to the filing of our
 periodic reports with the SEC;

&nbsp;&nbsp;&nbsp;&nbsp;• overseeing management's implementation and maintenance of effective systems of internal accounting and disclosure controls,
 including review of our internal auditing program;

&nbsp;&nbsp;&nbsp;&nbsp;• overseeing the Company's compliance with legal and regulatory requirements;

&nbsp;&nbsp;&nbsp;&nbsp;• overseeing and making determinations with respect to our Related Party Transaction policy;

&nbsp;&nbsp;&nbsp;&nbsp;• with respect to ESG matters, reviewing and overseeing our policies and practices regarding environmental and sustainability
 issues; and

&nbsp;&nbsp;&nbsp;&nbsp;• issuing the Report of the Audit Committee in this Proxy Statement.

Our Board has determined that each member of our Audit Committee is independent as defined by the standards of the NYSE, Rule 10A-3 under the Exchange Act and our Corporate Governance Guidelines. Our Board also has determined that each member is "financially literate" as defined by the rules of the NYSE, and that each of Ms. Mariucci, Mr. Murphy, and Mr. Prann is qualified as an "audit committee financial expert" as defined in Item 407(d) of Regulation S-K under the Exchange Act. The full text of the Audit Committee charter is available on the Company's website at <u>www.corecivic.com</u> (under the "Corporate Governance" section of the Investors page).

#### Compensation Committee
Our Compensation Committee approves the compensation of our CEO and other executive officers, including annually reviewing and approving corporate goals and objectives relevant to their compensation. Our Compensation Committee is responsible for ensuring that our compensation programs are designed to encourage high performance, promote accountability and adherence to Company values and align with the interests of our stockholders. Our Compensation Committee's responsibilities include administration of cash and equity-based incentive compensation plans and stock ownership guidelines, evaluation of the performance of the executive officers and assessment of the material risks of our compensation programs. With respect to ESG matters, our Compensation Committee monitors and manages our executive compensation program incentives to ensure incentives are aligned with sustainable and socially responsible business practices. Our Compensation Committee is also responsible for reviewing, and making recommendations to our Board regarding, the compensation of our Board. The Compensation Committee may form and delegate authority to one or more subcommittees as it deems appropriate from time to time under the circumstances.

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Our Compensation Committee has retained Exequity LLP ("Exequity") as its independent compensation consultant, to provide advice and guidance on the design and market competitiveness of our executive compensation programs. Exequity reports exclusively to the Compensation Committee and does not provide any additional services to the Company. Each year our Compensation Committee reviews the independence of the compensation consultants and other advisors who provide advice to our Compensation Committee, employing the independence factors specified in the NYSE listing standards. Our Compensation Committee has determined Exequity is independent within the meaning of the NYSE listing standards. In 2022, Exequity assisted our Compensation Committee by providing the following compensation consulting services:

&nbsp;&nbsp;&nbsp;&nbsp;• monitoring and advising on our executive compensation program in support of our Compensation Committee's executive compensation
 objectives;

&nbsp;&nbsp;&nbsp;&nbsp;• reviewing and revising our current peer group and peer selection methodology as a result of a re-evaluation of our peer group in
 light of our conversion from a real estate investment trust ("REIT") to a taxable C Corporation; and

&nbsp;&nbsp;&nbsp;&nbsp;• measuring the effectiveness of our executive compensation plan design.

#### Compensation Committee Interlocks and Insider Participation
Our Board has determined that each of Robert J. Dennis (Chair), Mark A. Emkes, Anne L. Mariucci and John R. Prann, Jr., who comprise all members of our Compensation Committee, is independent as defined by the listing standards of the NYSE and our Corporate Governance Guidelines. In addition, there are no relationships among our executive officers, members of our Compensation Committee or entities whose executives serve on our Board or our Compensation Committee that require disclosure. Each member of our Compensation Committee also qualifies as a "non-employee director" within the meaning of Rule 16b-3 under the Exchange Act. The full text of the Compensation Committee charter is available on the Company's website at <u>www.corecivic.com</u> (under the "Corporate Governance" section of the Investors page).

#### Nominating and Governance Committee
Our Nominating and Governance Committee is responsible for developing and overseeing our Board's Corporate Governance Guidelines, and for monitoring the independence of our Board. Our Nominating and Governance Committee also determines Board membership qualifications; selects, evaluates, and recommends to the Board nominees to fill vacancies as they arise; reviews the performance of our Board and its committees; and is responsible for director education. Other responsibilities include oversight of our Board's self-evaluation process and leading our Board's executive succession planning efforts. With respect to ESG matters, our Nominating and Governance Committee oversees Company practices and policies related to corporate governance, social responsibility, community interests, political activities and political contributions and lobbying. Our Board has determined that each member of our Nominating and Governance Committee is independent as defined by the listing standards of the NYSE and our Corporate Governance Guidelines. The full text of the Nominating and Governance Committee charter is available on the Company's website at <u>www.corecivic.com</u> (under the "Corporate Governance" section of the Investors page).

Our Nominating and Governance Committee is authorized by our Board to identify director candidates; evaluate and consider candidates proposed by any director, member of management or stockholder; develop and implement screening processes it deems necessary and appropriate; and recommend for selection by our Board director nominees for each annual meeting of stockholders and, when necessary,

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vacancies on the Board. Our Nominating and Governance Committee is authorized by our Board to exercise sole authority in retaining any third-party search firm our Nominating and Governance Committee deems appropriate to identify and assist with the evaluation of director candidates; and has utilized that authority in past director searches.

Our Nominating and Governance Committee may utilize a variety of methods for identifying nominees for director. Candidates may come to the attention of our Nominating and Governance Committee through current Board members, stockholders, members of management, director search firms and other persons. A stockholder who wishes to recommend a prospective nominee for our Board should notify our Secretary in writing, along with any supporting material the stockholder considers appropriate, in accordance with the stockholder proposal provisions of our Bylaws. General information concerning the submission of stockholder proposals is provided above under the heading *What is the deadline to propose actions (other than director nominations) for consideration at next year's annual meeting of stockholders?* General information concerning the submission of stockholder nominations for an individual to serve as a director is provided above under the heading *How may I nominate individuals to serve as directors and what are the deadlines for a director nomination at next year's annual meeting of stockholders?* Pursuant to our Corporate Governance Guidelines, there are to be no differences in the manner in which our Nominating and Governance Committee evaluates candidates based on the source of the recommendation.

Our Nominating and Governance Committee evaluates prospective nominees against the criteria in our Corporate Governance Guidelines, which include professional integrity and sound judgment; sufficient time available to devote to Board activities; a general understanding of marketing, finance and other elements relevant to the success of a publicly-traded company in today's business environment; an understanding of our business and human rights concerns related to our business; and factors such as diversity, age, skills and educational and professional background. With respect to diversity, our Nominating and Governance Committee considers diversity in terms of age, gender, race, and ethnicity, as well as diversity of skills, expertise, and experience, in its deliberations. The Nominating and Governance Committee implements these criteria, including diversity, by considering the information about the nominee provided by the proponent, the nominee, third parties and other sources. In addition, the Board assesses the diversity of its members and nominees as part of an annual performance evaluation by considering, among other factors, diversity in age, gender, race, and ethnicity, as well as diversity of skills, expertise, and experience.

Our Nominating and Governance Committee may also consider other factors it deems relevant, including the current composition of our Board in terms of independence, expertise, experience and special knowledge required for the effective discharge of Board responsibilities; whether there is a need to fill vacancies or expand or contract the size of the Board; the balance of management and independent directors; the structure, membership and need for expertise on our standing committees; and the qualifications of other prospective nominees. Nominees are not discriminated against on the basis of race, religion, national origin, sexual orientation, disability or any other basis protected by applicable law.

With respect to determining whether current directors should stand for re-election, our Nominating and Governance Committee considers the director's past attendance at meetings and participation in and contributions to the activities of our Board and the Company. With respect to new candidates for Board service, a full evaluation may also include detailed background checks and in-person and telephonic interviews with our Nominating and Governance Committee and other Board members. Our Nominating and Governance Committee evaluation process culminates with a decision as to whether or not to recommend the prospective nominee to the full Board for appointment and/or nomination.

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#### Risk Committee
Our Risk Committee is charged with coordinating our Board's oversight of our assessment and risk management practices, including our enterprise risk management ("ERM") program; our legal and regulatory environment; and our contract compliance, particularly regarding contracts with government entities. With respect to ESG matters, our Risk Committee is responsible for reviewing and discussing with management the Company's ESG Reporting Program, making recommendations to our Board regarding ESG Reporting and overseeing publication of our ESG Report. Our Risk Committee is also responsible for monitoring and reviewing public policy developments and other trends facing the Company that could impact our operations and performance. Our Risk Committee further assists our Board in fulfilling its oversight responsibility with respect to organizational ethics and compliance and receives regular reports from our Chief Ethics and Compliance Officer, who reports to the CEO, and to the chair of our Risk Committee. The full text of the Risk Committee charter is available on the Company's website at <u>www.corecivic.com</u> (under the "Corporate Governance" section of the Investors page).

*Overview of 2022 Activities of the Risk Committee*

During 2022, the Risk Committee performed its oversight responsibilities in accordance with the duties prescribed within its charter. Committee activities included:

&nbsp;&nbsp;&nbsp;&nbsp;• Review of reports from the Company's enterprise risk management program.

&nbsp;&nbsp;&nbsp;&nbsp;• Receipt of updates on the novel coronavirus's impact on our facilities, residents, and personnel.

&nbsp;&nbsp;&nbsp;&nbsp;• Receipt of updates on incidents, internal operational reviews, and reviews by external entities as well as remediation activities
 related to these items.

&nbsp;&nbsp;&nbsp;&nbsp;• Oversight of contract compliance reviews and related activities.

&nbsp;&nbsp;&nbsp;&nbsp;• Oversight of the Company's internal investigations program.

&nbsp;&nbsp;&nbsp;&nbsp;• Review of reports on human resources issues including recruiting, retention, promotion, development, and benefit programs.

&nbsp;&nbsp;&nbsp;&nbsp;• Review of reporting related to cybersecurity event preparedness.

&nbsp;&nbsp;&nbsp;&nbsp;• Oversight of human rights reporting and the ESG reporting program.

&nbsp;&nbsp;&nbsp;&nbsp;• Review of reports on litigation and legal risk.

&nbsp;&nbsp;&nbsp;&nbsp;• Review and update of the Committee's charter.

&nbsp;&nbsp;&nbsp;&nbsp;• Oversight of programs and processes related to public affairs and reputation management.

#### Executive Committee
Our Executive Committee is charged with acting on behalf of the full Board when necessary and subject to authority limitations with respect to the transaction of routine, administrative matters that occur between regularly scheduled Board meetings. The full text of the Executive Committee charter is available on the Company's website at <u>www.corecivic.com</u> (under the "Corporate Governance" section of the Investors page).

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#### Special Litigation Committee
In response to stockholder demand letters, our Board formed a Special Litigation Committee to take any actions it deems appropriate or necessary to investigate, respond and otherwise properly address the matters alleged in the demand letters. The matters alleged in the demand letters were generally related to an August 18, 2016 memorandum issued by the Department of Justice ("DOJ") in which the DOJ directed that, as each contract with privately operated prisons reaches the end of its term, the Federal Bureau of Prisons ("BOP") should either decline to renew that contract or substantially reduce its scope in a manner consistent with law and the overall decline of the BOP's inmate population. That memorandum was rescinded on February 21, 2017, by the newly-appointed Attorney General. The Special Litigation Committee has retained independent legal counsel to advise the committee in the performance of its duties. The demand and derivative matters were resolved pursuant to a settlement agreement entered into on September 9, 2022, and the Special Litigation Committee completed its remaining work. The Board dissolved the Special Litigation Committee effective December 12, 2022.

#### Diversity, Equity, and Inclusion Committee
In support of the Company's desire to enhance its ongoing efforts to promote a diverse, equitable and inclusive workforce, our Board formed a DEI Committee. The Committee oversees the Company's Board-approved DEI Initiative, which is designed to (i) sustain and enhance an inclusive culture that values working with diverse groups of people who offer diversity of thought and perspective; (ii) support an environment that treats persons equitably and strives to offer equality of opportunity; and (iii) promote DEI in all aspects of the Company's endeavors. The Committee completed its work and was dissolved by the Board on March 12, 2022.

#### Limitations on Other Board Service
The Audit Committee charter provides that a member of our Audit Committee may not serve on the audit committee of more than two other public companies without Board approval. Otherwise, we do not believe our directors should be categorically prohibited from serving on boards and/or board committees of other organizations. However, our Corporate Governance Guidelines instruct our Nominating and Governance Committee and our Board to take into account the nature of and time involved with respect to a director's service on other boards, as well as other job responsibilities, in evaluating the suitability of individual directors and in making its recommendations to our stockholders. Service on boards and/or committees of other organizations must also be consistent with our conflicts of interest policy, as set forth in our Code of Ethics. Our Corporate Governance Guidelines require a director to provide notice to the Chair of our Nominating and Governance Committee of his or her acceptance of a nomination to serve on the board of another public company in the case where such nomination has not been previously disclosed.

#### Communications with Directors
Stockholders, employees, and other interested parties may communicate with members of our Board (including specific members of our Board or our independent directors as a group) by writing to CoreCivic, Attention: Secretary, 5501 Virginia Way, Suite 110, Brentwood, Tennessee 37027. To the extent such communications are received, our Secretary compiles all substantive communications and periodically submits them to our Board, the group of directors or the individual directors to whom they are addressed. Communications that the Secretary would not consider "substantive," and therefore may exercise discretion in submitting to the addressee, may include, but are not limited to, junk mail, mass mailings, resumes and job inquiries, surveys, business solicitations, advertisements, frivolous communications, and other similarly unsuitable communications.

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Communications expressing concerns or complaints relating to accounting, internal controls or auditing matters are handled in accordance with procedures established by our Audit Committee. Under those procedures, concerns that are improperly characterized as having to do with accounting, internal controls, or auditing matters or that are frivolous or clearly inconsequential may be addressed by the Secretary without presentation to our Audit Committee.

#### Certain Relationships and Related Party Transactions
Since the beginning of the last fiscal year, we are aware of no related party transactions between us and any of our directors, executive officers, 5% stockholders or their family members that require disclosure under Item 404 of Regulation S-K under the Exchange Act.

Pursuant to its written charter, our Audit Committee has adopted a Related Party Transaction Policy that, subject to certain exceptions, requires our Audit Committee (or Chair of our Audit Committee in certain instances) to review and either ratify, approve or disapprove all "Interested Transactions," which are generally defined to include any transaction, arrangement or relationship or series of similar transactions, arrangements or relationships (including any indebtedness or guarantee of indebtedness) in which:

&nbsp;&nbsp;&nbsp;&nbsp;• the aggregate amount involved exceeded, or will or may be expected to exceed, $120,000 in any calendar year;

&nbsp;&nbsp;&nbsp;&nbsp;• the Company, or any of its subsidiaries, was, is or will be a participant; and

&nbsp;&nbsp;&nbsp;&nbsp;• any Related Party had, has, or will have a direct or indirect interest.

For purposes of the policy, a "Related Party" is any:

&nbsp;&nbsp;&nbsp;&nbsp;• person who is or was (since the beginning of the last fiscal year for which the Company has filed an Annual Report on Form 10-K
 and proxy statement, even if they do not presently serve in that role) an executive officer, director or nominee for election as a director;

&nbsp;&nbsp;&nbsp;&nbsp;• greater than 5% beneficial owner of the Company's common stock;

&nbsp;&nbsp;&nbsp;&nbsp;• immediate family member of any of the foregoing; or

&nbsp;&nbsp;&nbsp;&nbsp;• firm, corporation, or other entity in which any of the foregoing persons is employed or is a general partner, managing member or
 principal or in a similar position or in which such person has a 10% or greater beneficial ownership interest.

In determining whether to approve or ratify an Interested Transaction under the policy, our Audit Committee is to consider all relevant information and facts available to it regarding the Interested Transaction and take into account factors such as the Related Party's relationship to the Company and interest (direct or indirect) in the transaction, the terms of the transaction, the availability of other sources of comparable products or services and the benefits to the Company of the transaction. No director is to participate in the approval of an Interested Transaction for which he or she is a Related Party or otherwise has a direct or indirect interest.

In addition, our Audit Committee is to review and assess ongoing Interested Transactions, if any, on at least an annual basis to determine whether such transactions, if any, remain appropriate or should be modified or terminated.

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#### Stock Ownership Guidelines
We maintain stock ownership guidelines for our executive officers and non-executive directors because we believe it is important to align the interests of our management and our Board with the interests of our stockholders. The guidelines are discussed in detail under the headings *Executive and Director Compensation—Guidelines and Policies—Executive Officer Stock Ownership Guidelines* and *Executive and Director Compensation—Director Compensation—Director Stock Ownership Guidelines* in this Proxy Statement and are accessible on our website, <u>www.corecivic.com</u> (under the "Corporate Governance" section of the Investors page).

#### No Hedging or Pledging Permitted
Our insider trading guidelines include provisions that prohibit members of our Board, executive officers, other officers, and employees from engaging in hedging or pledging transactions involving Company securities. Generally prohibited practices include purchasing or selling derivative securities, such as exchange-traded put or call options as well as participating in individually arranged derivative transactions. Directors, executive officers, other officers, and employees are also generally prohibited from participating in long-term forward sales or monetization transactions that are used to hedge an ownership position in the Company's securities. None of the members of our Board or our executive officers are engaged in any hedging or pledging transactions involving Company securities.

#### Compensation Clawback
In December 2022, our Board adopted a recoupment policy (the "Clawback Policy") requiring that, in certain circumstances, the directors, officers and employees of the Company may be required to reimburse the Company for any bonus or incentive compensation awarded to such director, officer or employee. In addition, the Clawback Policy may result in our Board effectuating the cancellation of unvested restricted stock or outstanding stock option awards previously granted to such director, officer or employee in the amount to be determined by the Board. The circumstances triggering this recoupment require a determination by the Board, or an appropriate committee of the Board, that any fraud, illegal act, or intentional misconduct by any director, officer or employee caused, directly or indirectly, the occurrence of an Adverse Event.<sup>(1)</sup>

In 2015, the SEC issued proposed rules to implement the incentive-based compensation recovery requirements of Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") which would require publicly listed companies to adopt and enforce "clawback" policies to recover excess incentive compensation from executive officers if such incentive compensation was paid based on material misstatements in financial reports. In late 2022, the SEC finalized Exchange Act Rule 10D-1 which sets out the minimum requirements that a clawback policy must meet and directs the stock exchanges to establish listing standards that require listed companies to adopt and enforce policies to recover incentive compensation awarded to current or former officers based on material misstatements in financial reports. In order to ensure full compliance with Exchange Act Rule 10D-1, we intend to impose such additional recoupment obligations regarding the recovery of erroneously awarded compensation as are necessary in accordance with the final listing standards established thereunder by the NYSE and the rules promulgated by the SEC.

In addition, Section 304 of the Sarbanes-Oxley Act of 2002 requires the recovery of incentive awards in certain circumstances. If we are required to restate our financial reports due to material noncompliance

<sup>(1)</sup> "Adverse Event" under the Clawback Policy means: (i) notice to our Board of potentially material misconduct resulting in a violation of a Company policy, law, or regulation that might have caused or could cause material harm to the Company, (ii) a material restatement of the Company's financial results, and/or (iii) an action taken against the Company resulting in criminal findings against the Company and/or material payment by the Company as a result of alleged material misconduct in a regulatory or civil action.

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with any financial reporting requirements as a result of misconduct, our CEO and Chief Financial Officer ("CFO") will be required under Section 304 of the Sarbanes-Oxley Act to reimburse us for (1) any bonus or other incentive- or equity-based compensation received during the 12 months following the first public issuance of the non-compliant document, and (2) any profits realized from the sale of our securities during such twelve-month period. Our Second Amended and Restated 2008 Stock Incentive Plan (the "2008 Plan") and our Amended and Restated 2020 Stock Incentive Plan (the "2020 Plan") also provide that any award made to a participant under the plan will be subject to mandatory repayment by the participant to us to the extent required by (a) any award agreement, (b) any "clawback" or recoupment policy adopted by us to comply with the requirements of any applicable laws, rules or regulations, including final SEC rules adopted pursuant to Section 954 of the Dodd-Frank Act, or otherwise, or (c) any applicable laws which impose mandatory recoupment, under circumstances set forth in such applicable laws, including the Sarbanes-Oxley Act of 2002.

#### Code of Ethics
All of our directors and employees, including our CEO, CFO and principal accounting officer, are subject to our Code of Ethics. Our Code of Ethics and related compliance policies are designed to promote an environment in which respect for human dignity is central to our ethical culture, integrity is valued, business is conducted in a legal and ethical manner, and ethics and compliance issues are raised and addressed promptly and in an appropriate manner. Our Nominating and Governance Committee is responsible for reviewing our Code of Ethics annually, and our Risk Committee is responsible for addressing any violations or waivers involving our executive officers and directors. We intend to post any amendments to or waivers from our Code of Ethics (to the extent applicable to our directors, CEO, principal financial officer, or principal accounting officer) on our website. Our Code of Ethics is accessible on our website, <u>www.corecivic.com</u> (under the "Corporate Governance" section of the Investors page).

#### Board Oversight of Corporate Strategy and Enterprise Risk
Our Board engages in proactive oversight and regular review of the development, evaluation and execution of our annual operating plan and long-term growth and investment strategies. Each regular meeting of our Board includes a comprehensive business update presented by our CEO, which addresses our progress in achieving near-term operational objectives, strategic transactions completed, and new opportunities being actively pursued, as well as current and future challenges to our continued success. Each such meeting also includes presentations from members of the executive team who are directly responsible for the implementation of our strategy and the financial performance of our business. At our Board's two-day retreat in August of each year, management engages our Board in a detailed discussion of our growth, capital allocation and investment strategies, risks and challenges, and proposals for modifying our strategies to improve results. At its annual December meeting, our Board engages in discussion with management on the details of our annual operating plan prior to its approval. In addition to the opportunity to engage management and independent consultants we retain to assist with the development and execution of our strategy, our independent directors meet in executive session regularly to discuss the Company's performance and review long-term strategy.

Our Risk Committee performs a leadership role on behalf of our Board and our Audit Committee in the oversight of our risk assessment and risk management practices and assists our Board and Audit Committee with oversight of our financial, legal, contractual, regulatory and ESG risks and organizational ethics and compliance. Our Risk Committee is also charged with oversight of management's ERM program.

Management's ERM program entails the identification, prioritization, and assessment of a broad range of risks (*e.g.*, financial, operational, business, reputational, governance and managerial), and the formulation of plans to develop and improve controls for managing these risks or mitigating their effects in an

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integrated effort involving our Board, relevant Board committees, management and other personnel. Our ERM program is led by our General Counsel, is a component of management's strategic planning process and is overseen by our Risk Committee with periodic reports to the full Board.

The full Board maintains an ongoing, direct role in risk oversight through, among other things, regular reports from the Chair of our Risk Committee, regular reports from our CEO on the ERM process and oversight of management's strategic planning process, which includes an evaluation of opportunities and risks presented by the Company's current strategies and alternative strategies. Our Board also receives regular reports from each of the executives with respect to their areas of managerial responsibility. These reports include information concerning risks and risk mitigation strategies. For example, our Board receives regular reports from our Chief Operating Officer with respect to key areas of operational risk; monitors risks relating to our partnership development efforts through regular reports from our Chief Development Officer; and receives regular reports from our General Counsel with respect to legal and compliance risks. In addition, our Board evaluates risk in the context of particular business strategies and transactions. For example, our Board monitors significant capital expenditures through its annual budget review and quarterly capital expenditure reports from management, and monitors risk relating to our acquisition and financing activities through in-depth reviews of proposed acquisition and financing transactions.

In addition to our Risk Committee, other standing committees of our Board have responsibility for risk oversight within their areas of oversight. Our Audit Committee focuses on financial risk, including fraud risk and risks relating to our internal controls over financial reporting. It receives an annual risk assessment report from our internal auditors, as well as financial risk assessment information in connection with particular events or transactions. Our Nominating and Governance Committee addresses certain governance-related risks, such as risks related to Board and executive management succession planning. As discussed in detail below, our Compensation Committee addresses risks relating to our executive compensation strategies. The full Board receives regular reports from the chairs of these committees and receives copies of meeting materials provided to each of the committees.

#### Environmental, Social and Governance
The Risk Committee of the Board provides oversight for ESG reporting matters, while each standing Committee of the Board shares the oversight of ESG concerns consistent with the duties specified in each Committee's charter. ESG reporting authority is delegated to CoreCivic's Chief Ethics and Compliance Officer by our President and CEO. We appointed a cross-functional team that provides annual updates to the goals and priority reporting topics within our ESG Report. In 2022, CoreCivic conducted a materiality assessment in accordance with the Global Reporting Initiative ("GRI") processes to identify "material" ESG topics, as defined by the GRI.

Topics identified by CoreCivic's internal and external stakeholders during our ESG assessments generally fall within the following areas:

&nbsp;&nbsp;&nbsp;&nbsp;• **Human Rights** recognizes the human rights risk specific to our industry based on the
 Company's role in the United States criminal justice and immigration detention systems, with potentially significant impacts on employees and residents in CoreCivic correctional facilities, as well as human rights risk typical to any
 modern business corporation of significant size in terms of employees and supply chain.

&nbsp;&nbsp;&nbsp;&nbsp;• **Operational Excellence** encompasses our goals for how we operate: with emphasis on contract
 compliance; promoting a culture of ethics and integrity; delivering innovative solutions to our partners; protecting employee safety and security; and internal and external oversight.

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&nbsp;&nbsp;&nbsp;&nbsp;• **Organizational Culture and Employee Value Proposition** focuses on fostering a culture of
 respect; promoting diversity, equity, and inclusion within our workforce; attracting and retaining a talented workforce; and providing competitive wages, benefits, training, and development opportunities for our team members.

&nbsp;&nbsp;&nbsp;&nbsp;• **Resident Treatment and Reentry Services** focuses on health and medical services for those
 in our care; providing residential and nonresidential reentry services for justice-involved persons returning to the community; recognizing and protecting the human rights of those in our care; supporting resident safety and security; and
 offering meaningful educational, job skills and treatment programming to prepare residents for long-lasting success in their communities.

&nbsp;&nbsp;&nbsp;&nbsp;• **Community Impact** centered on active engagement with the communities we serve; supporting
 community and public safety; providing positive economic impact to localities and states; and engaging the public to foster a better understanding of our industry and the services we provide.

&nbsp;&nbsp;&nbsp;&nbsp;• **Environmental Performance** recognizes that CoreCivic and its government partners must use
 energy and other resources responsibly through green design and green operations and, in doing so, can improve operational efficiencies while reducing environmental impact.

For more information about our ESG efforts, including our ESG Report, including a catalogue of our ESG efforts, please visit our website at <u>www.corecivic.com/esg</u>. Please note that our website is provided as an inactive contextual reference and the information on our website is not incorporated by reference in this proxy statement.

We expect to publish our 2022 ESG Report, providing an update to our ESG efforts, in the second quarter of 2023.

#### Compensation Risk Assessment
In setting compensation, our Compensation Committee considers risks in the achievement of the Company's goals that may be inherent in the compensation program as well as the risks to our stockholders. Although a significant portion of our executives' compensation is performance-based and "at-risk," our Compensation Committee believes our executive compensation plans are appropriately structured and do not pose a material risk to us. Our Compensation Committee considered the following elements of our executive compensation plans and policies when evaluating whether such plans and policies encourage our executives to take unreasonable risks:

&nbsp;&nbsp;&nbsp;&nbsp;• We set performance targets we believe are reasonable, but uncertain, in light of past performance and current market and economic
 conditions.

&nbsp;&nbsp;&nbsp;&nbsp;• The financial and strategic business goals ("Strategic Business Goals") used for determining payouts under our incentive
 compensation plans are aligned with our near-term and long-term operating and strategic growth plans, and are established at challenging, but appropriate, levels that do not encourage unnecessary or excessive risk taking.

&nbsp;&nbsp;&nbsp;&nbsp;• We use restricted stock units ("RSUs") rather than stock options for equity awards because, unlike options, RSUs retain value even
 in a depressed market.

&nbsp;&nbsp;&nbsp;&nbsp;• Performance-based vesting over multiple years for our long-term equity incentive awards, along with a modifier based on total
 shareholder return, promotes the alignment of our executives' interests with those of our stockholders for the long-term performance of the Company.

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&nbsp;&nbsp;&nbsp;&nbsp;• Time-based vesting RSUs and establishing minimum performance thresholds for performance-vesting awards that result in some
 compensation at levels below full target achievement, rather than an "all-or-nothing" approach.

&nbsp;&nbsp;&nbsp;&nbsp;• Our executive stock ownership guidelines require our executives to hold significant levels of our stock, which discourages
 excessive risk-taking and aligns an appropriate portion of their personal wealth to the long-term performance of the Company.

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#### PROPOSAL 1 - ELECTION OF DIRECTORS
Our Board reflects a diverse, highly engaged group of directors with a wide range of relevant experience. The following matrix provides information about each of our incumbent director nominees, including certain types of knowledge, skills, experiences, and attributes possessed by one or more of our directors, which our Board believes are relevant to our business and operations. The matrix does not encompass all of the knowledge, skill, experience, or attribute of our directors and does not suggest that a director who is not listed as having any particular knowledge, skill, experience, or attribute is unable to contribute to the decision-making process in such area. No individual knowledge, skill, experience, or attribute is solely dispositive of becoming a member of our Board.

![graphic](ny20006178x1_chartz.jpg)

The current term of office of each of our directors expires at the virtual Annual Meeting. Our Board has nominated the following 10 nominees, all of whom are incumbent directors, for election to serve until the next

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annual meeting of stockholders and until their successors are duly elected and qualified. We expect each of the 10 nominees to serve if elected. If any of them becomes unavailable to serve as a director, our Board may designate a substitute nominee. In that case, the persons named as proxies will vote for the substitute nominee designated by our Board.

The general criteria considered by our Nominating and Governance Committee with respect to director nominees are discussed beginning on page [14](#tNAGC) of this Proxy Statement under the heading *Corporate Governance – Board Meetings and Committees – Nominating and Governance Committee*. Based on the evaluation of those criteria, our Nominating and Governance Committee and Board believe each nominee contributes relevant skills, expertise, and experience to our Board, and that the group of nominees collectively has the skills, expertise, experience, independence, diversity, and other attributes necessary to effectively discharge our Board's oversight responsibilities on behalf of our stockholders.

#### Director Commitments
The Board believes that all members of the Board should devote sufficient time and attention to their duties and to otherwise fulfill the responsibilities required of directors. In assessing whether directors and director nominees have sufficient time and attention to devote to board duties, the Nominating and Governance Committee and the Board consider whether directors serve on an excessive number of public company boards, a situation frequently referred to as "overboarding."

Our Board believes that each of our directors has demonstrated the ability to devote sufficient time and attention to board duties and to otherwise fulfill the responsibilities required of our directors. However, we understand that certain of our stockholders and stockholder advisory services may deem Devin Murphy overboarded under their policies. In addition to serving as a director of the Company, Mr. Murphy serves as President of Phillips Edison & Company, Inc. and as a director of Apartment Income REIT Corp. Both companies are publicly traded; however, Phillips Edison & Company, Inc. was a non-traded REIT at the time of Mr. Murphy's initial election to the Board, becoming publicly traded during 2021. After careful consideration, the Board continues to believe that Mr. Murphy has dedicated, and will continue to dedicate, sufficient time to carry out his duties as a member of the Board effectively and believes that his service with other public companies, including his service on one additional publicly traded board, does not, and will not, negatively impact his service on our Board for the following reasons:

&nbsp;&nbsp;&nbsp;&nbsp;• Mr. Murphy has served on our board for over four years and has assured our Board that he is fully committed to continuing to
 dedicate the appropriate time to fulfill his duties as a member of the Board and its committees.

&nbsp;&nbsp;&nbsp;&nbsp;• Mr. Murphy has assured our Board that his ongoing commitments to his employer and Apartment Income REIT Corp. are not expected to
 exceed the demands that existed in past years and that his continued service to each of these companies will not detract from his service on our Board.

&nbsp;&nbsp;&nbsp;&nbsp;• In 2022, Mr. Murphy attended over 95% of all Board and applicable committee meetings, and since joining the Board in 2018,
 Mr. Murphy has attended approximately 97% of all Board and applicable committee meetings.

&nbsp;&nbsp;&nbsp;&nbsp;• Mr. Murphy is consistently prepared for meetings of the Board, the Audit Committee, the Nominating and Governance Committee and
 the Risk Committee, and he participates extensively in the deliberations of the Board and each of the committees on which he serves.

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&nbsp;&nbsp;&nbsp;&nbsp;• Mr. Murphy brings valuable experience and expertise to the Board, including in the areas of executive leadership of real estate
 and finance-focused organizations; broad exposure to private equity, banking, and other investment businesses; and complex merger and acquisition transactions and activities.

&nbsp;&nbsp;&nbsp;&nbsp;• Mr. Murphy is appropriately engaged with management and other members of the Board outside of the ordinary course of Board and
 committee meetings.

&nbsp;&nbsp;&nbsp;&nbsp;• Mr. Murphy's experience as an executive of a public company, as well as being a member of the board of another publicly traded
 company, provides Mr. Murphy with insight and experience that enhances his value to our company.

#### Incumbent Directors Standing for Re-Election
Information regarding each of the incumbent directors standing for re-election, including particular qualifications considered for each nominee, is set forth below. Directors' ages are given as of the date of this Proxy Statement.

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| | |
|:---|:---|
| **DAMON T. HININGER**  | **Director since 2009** |

---

Mr. Hininger, age 53, has served as a director and our President and Chief Executive Officer since October 2009. From 2008 until 2009, he served as our President and Chief Operating Officer. From 2007 until 2008, he served as our Senior Vice President, Federal and Local Customer Relations, after having served as Vice President, Federal and Local Customer Relations since 2002. Prior to 2002, he held several positions of increasing responsibility with the Company. Mr. Hininger joined the Company in 1992 as a correctional officer at our Midwest Regional Reception Center (formerly known as the Leavenworth Detention Center). He serves on the Board of Trustees of the United Way of Metropolitan Nashville and Belmont University, where he also serves on the Board of Advisors for the Massey School of Business. Mr. Hininger also serves on the Board of Directors of the Nashville Public Education Foundation, the Men of Valor, the Kansas State University Foundation and as a member of the Executive Board of the Middle Tennessee Council of the Boy Scouts of America. Mr. Hininger holds a bachelor's degree from Kansas State University and a master's degree in business administration from the Jack Massey School of Business at Belmont University. He is a 2022 recipient of the American Correctional Association's ("ACA") E.R. Cass Award for Correctional Achievement, the highest honor bestowed by that organization.

In making the decision to nominate Mr. Hininger to serve as a director, our Nominating and Governance Committee considered, in addition to the criteria referred to above, his current service as our President and CEO and his comprehensive knowledge of the Company, its business, operations and management team through his current position and past roles with the Company, including roles at the facility operations level, as Chief Operating Officer and as Senior Vice President, Federal and Local Customer Relations. The Board also considered Mr. Hininger's familiarity and experience with human rights issues affecting the Company's business because of his leadership role in our Company, his multi-decade experience in our industry and his participation in human rights related panels and programs as part of his involvement with the ACA and the Correctional Leaders Association.

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|:---|:---|
| **DONNA M. ALVARADO**  | **Director since 2003** |

---

Ms. Alvarado, age 74, has served as a director since December 2003, and serves as Chair of our Nominating and Governance Committee. She also serves as a member of our Audit Committee, Risk Committee and previously served on our DEI Committee and as Chair of our Compensation Committee. Ms. Alvarado is the founder and president of Aguila International, an international business consulting firm specializing in human resources and leadership development. Ms. Alvarado has held senior management positions in

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government, including Deputy Assistant Secretary of Defense with the U.S. Department of Defense and Director of ACTION, the federal domestic volunteer agency. Ms. Alvarado serves as a director and member of the audit, compensation and public affairs committees of CSX Corporation, a publicly traded provider of rail and other transportation services. She serves as a director and chair of the nominating and corporate governance committee, as well as a member of the audit and risk committees, of Park National Corporation, a publicly traded bank holding company. Ms. Alvarado has served as a member and as chair of both the Ohio Board of Regents and the Ohio Workforce Policy Board. She holds both a bachelor's degree and a master's degree in Spanish from The Ohio State University, completed doctoral coursework in Latin American literature at the University of Oklahoma and earned a postgraduate certificate in financial management from the Wharton School of Business at the University of Pennsylvania.

In making the decision to nominate Ms. Alvarado to serve as a director, our Nominating and Governance Committee considered, in addition to the criteria referred to above, her understanding of government through her public sector experience; her experience as a public company director and member of audit, compensation, risk and nominating and corporate governance committees; her human resources and leadership development expertise; her civic and community involvement; and her contribution to the Board's gender and cultural diversity. The Board also considered Ms. Alvarado's experience related to human rights issues, both in general and as affecting our Company's business, including her service on various statewide commissions focused on equity in educational access, judicial reform, voting rights and equal opportunity in employment as well as her service on national commissions focused on addressing homelessness, expanded treatment for addiction, immigration, and literacy.

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|:---|:---|
| **ROBERT J. DENNIS**  | **Director since 2013** |

---

Mr. Dennis, age 69, has served as a director since February 2013, and serves as Chair of our Compensation Committee and as a member of our Executive Committee. Mr. Dennis served as the Executive Chair of the Board of Directors of Genesco Inc., a publicly traded retailer of footwear, apparel, and accessories, from February 2020 to June 30, 2020. Previously, Mr. Dennis served as Genesco's President and Chief Executive Officer from 2008 until February 2020 and as Chair from April 2010 to February 2020. Prior to joining Genesco, Mr. Dennis held senior management positions with Hat World Corporation and Asbury Automotive and was a partner and leader of the North American Retail Practice with McKinsey & Company. Mr. Dennis serves as a director, chair of the Compensation Committee, and member of the governance and finance and investment committees of HCA Holdings, Inc., a publicly traded health care services company. Mr. Dennis serves on the Board of Trustees of the United Way of Metropolitan Nashville, the Board of Leadership Nashville, the Board of the Nashville Chamber of Commerce, and serves on the Board of Visitors at Vanderbilt University's Owen School of Management. Mr. Dennis holds a master's degree in business administration, with distinction, from the Harvard Business School, and bachelor's and master's degrees from Rensselaer Polytechnic Institute.

In making the decision to nominate Mr. Dennis to serve as a director, our Nominating and Governance Committee considered, in addition to the criteria referred to above, his leadership experience as chief executive officer of a public company; his public company director experience; his demonstrated business acumen; his understanding of corporate finance and business development matters; and his civic and community involvement. The Board also considered Mr. Dennis' human rights related experience associated with the management of a clothing retailer engaged in international business, labor, and supply chain management.

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|:---|:---|
| **MARK A. EMKES**  | **Director since 2014** |

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Mr. Emkes, age 70, has served as a director since August 2014, and serves as the independent Chair of the Board. He also serves as a member of our Compensation Committee and our Nominating and Governance

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Committee. Mr. Emkes also serves as Chair of our Executive Committee. From 2011 until 2013, Mr. Emkes served as the State of Tennessee's Commissioner of Finance and Administration. For more than five years until his retirement in 2010, Mr. Emkes served as Chief Executive Officer and Chair of the Board of Directors of Bridgestone Americas, Inc. and Bridgestone Americas Holdings, Inc., a tire and rubber manufacturing company. He also served as President of Bridgestone Americas, Inc. from January 2009 until his retirement. From 2004 until 2010, Mr. Emkes also served as a director of Bridgestone Corporation. Mr. Emkes serves as a director and chair of the compensation committee of Greif, Inc., a publicly traded industrial packaging products and services company, and is a former director and chair of the audit committee of First Horizon National Corporation, a publicly traded regional financial institution. Mr. Emkes has served as President of the Middle Tennessee Council of the Boy Scouts of America, the Board of Directors of the Community Foundation of Middle Tennessee and the Advisory Board of Habitat for Humanity, Nashville Chapter. Mr. Emkes was the 2011 recipient of the Jennings A. Jones Champion of Free Enterprise Award and was inducted into the Nashville Business Hall of Fame in 2012. Mr. Emkes holds a bachelor's degree in economics from DePauw University and a master's degree in business administration from the Thunderbird School of Global Management.

In making the decision to nominate Mr. Emkes to serve as a director, our Nominating and Governance Committee considered, in addition to the criteria referred to above, his leadership experience in various management positions, including as chief executive officer and chair of an international company; his demonstrated business acumen and his understanding of corporate finance and business development matters; his understanding of state government through his public sector experience; and his civic and community involvement. The Board also considered Mr. Emkes' experience with human rights issues, including those related to sourcing, workplace practices and labor management as part of his role as executive leader of an international manufacturer operating throughout the Americas.

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| | |
|:---|:---|
| **STACIA A. HYLTON**  | **Director since 2016** |

---

Ms. Hylton, age 62, has served as a director since August 2016, and is a member of our Nominating and Governance Committee and Risk Committee. Ms. Hylton also served as the Chair of our Special Litigation Committee and a member of our DEI Committee. Since April 2022, Ms. Hylton has served as the Chief Executive Officer of KACE Company, a digital intelligence and cyber forensic company. Since 2016, Ms. Hylton has served as a Principal for LS Advisory, a New Jersey-based business solutions advisory consultancy. In 2010, U.S. President Barack Obama nominated Ms. Hylton to serve as Director of the U.S. Marshals Service ("USMS"), a federal agency with more than 5,600 employees responsible for federal judiciary security, fugitive operations, asset forfeitures, prisoner operations, transportation, and witness security, and served as Director of the USMS until her retirement in 2015. She served as the U.S. Attorney General's Federal Detention Trustee in the U.S. Department of Justice from 2004 to 2010. From 1980 to 2004, Ms. Hylton served in progressively senior leadership positions within the USMS. Ms. Hylton serves as a director and member of the audit committee of Spok Holdings, Inc., a publicly traded provider of communications solutions and previously served as a director and member of the audit committee of the Board of Directors of Trust Stamp, Inc., a publicly traded company listed on the Euronext Growth equity trading market. Ms. Hylton is a Fellow for the National Academy for Public Administration and has served on the Board of Directors of the National Center for Missing and Exploited Children and Law Enforcement Exploring. Ms. Hylton has served on the Executive Committee for the International Chiefs of Police and the Accreditation and Policy Committees for the National Sheriffs Association. Ms. Hylton holds a bachelor's degree in criminal justice from Northeastern University.

In making the decision to nominate Ms. Hylton to serve as a director, our Nominating and Governance Committee considered, in addition to the criteria referred to above, her understanding of government through her public sector experience; her experience as a public company director and member of an audit committee; her unique understanding of the USMS; her civic and community involvement; her professional

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experience with technological and cybersecurity concerns; and her contribution to the Board's gender diversity. The Board also considered Ms. Hylton's experience with human rights issues related to our business, developed through leadership of a large, federal law enforcement and detention agency. In that role, Ms. Hylton led the establishment, revision, and compliance monitoring of human rights standards, engaged with nongovernmental organizations and national and international stakeholders and participated in policing and detention reform initiatives.

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| | |
|:---|:---|
| **HARLEY G. LAPPIN**  | **Director since 2018** |

---

Mr. Lappin, age 67, has served as a director and was employed as a special operations advisor to the leadership team of the Company from January 2018 until February 2022. Mr. Lappin served as our Executive Vice President and Chief Corrections Officer from 2011 until his retirement from such position on January 1, 2018. Prior to joining the Company in 2011, Mr. Lappin served from 2003 to 2011 as Director of the BOP. As Director of the BOP, Mr. Lappin had oversight and management responsibility for 116 federal prisons, 14 large, private contract facilities and more than 250 contracts for community corrections facilities, in total comprising more than 215,000 offenders managed by 38,000 employees. Mr. Lappin has received numerous awards throughout his career, including the Associate Warden of the Year award for the BOP's South Central Region (1992); the BOP's Excellence in Prison Management Award (2000); the Attorney General's Award for Excellence in Management (2001); and the Presidential Rank Award of Meritorious Executive (2004). In 2010, he received the ACA's E.R. Cass Award for Correctional Achievement, the highest honor bestowed by that organization. In 2015, Mr. Lappin received the Louie L. Wainwright Award from the Association of State Correctional Administrators ("ASCA"). Mr. Lappin has served as chair of the Standards Committee of the ACA, is a former board member of both the National Institute of Corrections and the Federal Prison Industry Board, and a former chair of the Prison Industry Committee of ASCA. Mr. Lappin holds a bachelor's degree from Indiana University and a master's degree in criminal justice from Kent State University.

In making the decision to nominate Mr. Lappin to serve as a director, our Nominating and Governance Committee considered, in addition to the criteria referred to above, his comprehensive corrections industry experience, including executive leadership of federal and private sector correctional system operations; his public company leadership experience; his understanding of government through his public sector experience; and his extensive knowledge of the Company, its business, operations, facilities, customers and personnel through his past role as our Chief Corrections Officer. The Board also considered Mr. Lappin's extensive experience with human rights issues affecting our business, such as safe and secure detention, respect for prisoner and detainee rights, labor management, and engagement with nongovernmental organizations. He acquired this experience while serving in various roles including executive leader of the nation's largest corrections and detention system.

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| | |
|:---|:---|
| **ANNE L. MARIUCCI**  | **Director since 2011** |

---

Ms. Mariucci, age 65, has served as a director since December 2011, and serves as a member of our Audit Committee and our Compensation Committee. Ms. Mariucci also served as Chair of our DEI Committee. Since 2003, she has been affiliated with private equity firms Hawkeye Partners (Austin, Texas), Inlign Capital Partners (Phoenix, Arizona) and Glencoe Capital (Chicago, Illinois). Prior to 2003, Ms. Mariucci served in a variety of senior executive roles with Del Webb Corporation, and following its 2001 merger with Pulte Homes, Inc., as President of Del Webb Group and Senior Vice President of Strategy for Pulte Homes, Inc. Ms. Mariucci serves as a director of Taylor Morrison Home Corporation, a publicly traded homebuilder where she serves as Chair, Compensation Committee, and as a member of the Audit and Nominating & Governance committees. Ms. Mariucci also serves as a director of Southwest Gas Holdings, Inc. a publicly traded holding company, where she serves as Chair of the Pension Investment Committee and as a member of the Compensation and Nominating & Corporate Governance Committees. Ms. Mariucci serves as lead

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director of Berry Corporation (f/k/a Berry Petroleum Corporation), a publicly traded energy company, where she serves as a member of the Nominating and Corporate Governance Committee, Chair of the Compensation Committee, and a member of the Audit Committee. Ms. Mariucci serves as a director of Banner Health, a non-profit health system, where she serves as Board Chair, a member of the Compensation Committee and Vice Chair of the Investment Committee. Ms. Mariucci serves as a director of the Arizona State University Foundation and the Fresh Start Women's Foundation. Ms. Mariucci is a past director of the Arizona State Retirement System, Scottsdale Healthcare and Action Performance Companies, as well as a past trustee of the Urban Land Institute. She also served on the Arizona Board of Regents. Ms. Mariucci holds a bachelor's degree in accounting and finance from the University of Arizona and completed the corporate finance program at the Stanford University Graduate School of Business.

In making the decision to nominate Ms. Mariucci to serve as a director, our Nominating and Governance Committee considered, in addition to the criteria referred to above, her public company executive leadership experience; her understanding of and experience with the State of Arizona, a state where a significant portion of our operations is located; her background in accounting and corporate finance; her experience and knowledge with real estate; her experience as a public company director and member of audit and compensation committees; her civic and community involvement; her familiarity with energy, climate and sustainability issues gained through experience in the energy sector; and her contribution to the Board's gender diversity.

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| | |
|:---|:---|
| **THURGOOD MARSHALL, JR.**  | **Director since 2002** |

---

Mr. Marshall, age 66, has served as a director since December 2002, and serves as Chair of our Risk Committee and as a member of our Nominating and Governance Committee. Mr. Marshall also served as a member of our DEI Committee. Until his retirement in 2019, he served as a partner in the Washington D.C. office of the law firm of Morgan, Lewis & Bockius LLP, and a principal in the firm's Morgan Lewis Consulting Group LLC, which assists business clients with communications, political and legal strategies. Mr. Marshall has held appointments in all three branches of the federal government. Prior to joining a predecessor of Morgan, Lewis & Bockius LLP in 2001, he served as Assistant to the President and Cabinet Secretary from 1997 to 2001. Mr. Marshall has served as Director of Legislative Affairs and Deputy Counsel to the Vice President, and as counsel to the Senate Judiciary Committee, the Senate Committee on Commerce, Science and Transportation and the Senate Government Affairs Committee. In 2006, he was confirmed by the United States Senate to serve on the Board of Governors of the United States Postal Service and served as Chair prior to completing his service in 2013. Mr. Marshall serves as a director of Genesco Inc., a publicly traded retailer of footwear, apparel, and accessories. He also serves as a director for En+Group, a public limited company focused on green metals and energy, where he also serves as Compliance Committee Chair and as a member of the Remuneration and the Health, Safety and Environment committees. He is a former member of the Board of Trustees of the Ford Foundation and the Ethics & Compliance Certification Institute. Mr. Marshall serves as a trustee on four non-profit boards – The Third Way, Campaign Legal Center, President Lincoln's Cottage, and the DC Grays. Mr. Marshall holds a bachelor's degree and a juris doctor from the University of Virginia and served as a law clerk for United States District Judge Barrington D. Parker. Mr. Marshall also completed the CERT Certificate in Cybersecurity Oversight from the Software Engineering Institute of Carnegie Mellon University.

In making the decision to nominate Mr. Marshall to serve as a director, our Nominating and Governance Committee considered, in addition to the criteria referred to above, his understanding of politics and the public sector through his varied government service and consulting work; his understanding of organizational governance and oversight through his service as a director in the public, non-profit and for-profit sectors; his understanding of legal, regulatory and compliance issues through his education and experience as a lawyer; his education in and experience with cybersecurity risk; his understanding of climate, energy, and natural resources concerns gained from service on the board of a metals and energy

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company; and his contribution to the Board's cultural diversity. The Board also considered Mr. Marshall's extensive experience with and expertise in human rights issues, including his service as a board member of the American Bar Association's Center for Human Rights, his work focusing on human rights issues as a staff member for Senator Edward M. Kennedy and his service in the Administration of President Clinton in various roles affecting United States human rights policy.

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| | |
|:---|:---|
| **DEVIN I. MURPHY**  | **Director since 2018** |

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Mr. Murphy, age 63, has served as a director since November 2018, and serves on our Audit, Risk and Nominating and Governance Committees. He is President of Phillips Edison & Company, a NASDAQ listed real estate investment trust that is one of the nation's largest owners and operators of grocery anchored shopping centers. Prior to being named President of Phillips Edison in March 2019, Mr. Murphy served as Chief Financial Officer for six years. Before joining Phillips Edison in 2013, Mr. Murphy worked for 27 years as an investment banker and held senior leadership roles at Morgan Stanley and Deutsche Bank. He was the Global Head of Real Estate Investment Banking at Deutsche Bank.

His Deutsche Bank team executed over 500 transactions of all types for clients, representing total transaction volume exceeding $400 billion, including initial public offerings, mergers and acquisitions, common stock offerings and secured and unsecured debt offerings. Mr. Murphy began his banking career at Morgan Stanley in 1986 and held a number of senior positions including Vice Chairman, co-head of US Real Estate Investment Banking and Head of Real Estate Private Capital Markets. He also served on the Investment Committee of the Morgan Stanley Real Estate Funds, a series of global private real estate funds with over $35 billion in assets under management. During his 20 years with Morgan Stanley, Mr. Murphy and his teams executed numerous capital markets and mergers and acquisition transactions including a number of industry defining transactions. Mr. Murphy is an Independent Director of Apartment Income REIT Corp (AIRC), a NYSE listed apartment REIT and serves on the Audit, Compensation and Human Resources and Governance and Corporate Responsibility Committees of AIRC. Mr. Murphy received a Bachelor of Arts in English and History with Honors from the College of William and Mary and a Masters of Business Administration from the University of Michigan.

In making the decision to nominate Mr. Murphy to serve as a director, the Nominating and Governance Committee considered, in addition to the criteria above, his executive leadership of real estate and finance-focused organizations; his leadership experience as President of a public company; his knowledge of and experience in real estate, corporate finance, capital markets, and corporate governance; and his high-level leadership roles in complex merger and acquisition transactions and activities.

As further described under *Proposal 1 – Election of Directors – Director Commitments* on page [25](#tDC) above, the Board believes that Mr. Murphy's service with other publicly traded companies does not negatively impact his services on our Board.

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| | |
|:---|:---|
| **JOHN R. PRANN, JR.**  | **Director since 2000** |

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Mr. Prann, age 72, has served as a director since December 2000, and serves as Chair of our Audit Committee. He also serves as a member of our Compensation Committee. From 2009 to 2016, Mr. Prann served as Chair of the Board of Directors of a privately held motorsports business. From 2012 to 2014, Mr. Prann served as a Senior Advisor to The Pritzker Group, a private capital, venture capital and asset management firm. From 1993 to 2001, Mr. Prann served as President, Chief Executive Officer and Chief Operating Officer of Katy Industries, Inc., a publicly traded manufacturer and distributor of consumer products and maintenance cleaning products. Mr. Prann also served as President and Chief Executive Officer of CRL, Inc., a diversified holding company that held a 25% interest in Katy Industries, Inc. Mr. Prann

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served as a director of CPAC, Inc., a publicly traded chemicals and equipment business, and Dynojet Research, Inc. He has served as a partner with the accounting firm of Deloitte & Touche. Mr. Prann holds a bachelor's degree in biology from the University of California, Riverside, and a master's degree in business administration from the University of Chicago.

In making the decision to nominate Mr. Prann to serve as a director, our Nominating and Governance Committee considered, in addition to the criteria referred to above, his executive leadership experience as president and chief executive of a public company and his understanding of accounting and finance issues through his education and career.

#### Required Vote and Board Recommendation
Under the Company's Bylaws, a majority of all of the votes cast at the virtual Annual Meeting is required for the election of each nominee in an uncontested election of directors. A majority of votes cast means the number of shares cast "for" a nominee's election exceeds the number of votes cast "against" that nominee. Brokers do not have discretionary authority to vote on the election of directors. Abstentions and broker non-votes will have no effect on the outcome of the vote of the election of directors as they are not considered votes cast.

If a director nominee is an incumbent director and does not receive a majority of the votes cast in an uncontested election, that director will continue to serve on our Board as a "holdover" director but must tender his or her resignation to our Board promptly after certification of the election results of the stockholder vote. The Nominating and Governance Committee of our Board will then recommend to our Board whether to accept the resignation or whether other action should be taken. Our Board will act on the tendered resignation, taking into account the recommendation of our Nominating and Governance Committee, and our Board's decision will be publicly disclosed within 90 days after certification of the election results of the stockholder vote. A director who tenders his or her resignation after failing to receive a majority of the votes cast will not participate in the recommendation of our Nominating and Governance Committee or the decision of our Board with respect to his or her resignation.

#### Our Board unanimously recommends a vote "FOR" each of the 10 nominees.
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#### PROPOSAL 2 ̶ NON-BINDING RATIFICATION OF APPOINTMENT OF

#### INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Our Audit Committee has appointed Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2023. Services provided to the Company and its subsidiaries by Ernst & Young LLP in fiscal 2022 are described below under "Audit Matters."

Representatives of Ernst & Young LLP will be present at the virtual Annual Meeting via webcast. They will have the opportunity to make a statement if they desire to do so, and we expect that they will be available to respond to questions.

Ratification of the appointment of Ernst & Young LLP requires the affirmative vote of the holders of a majority of the shares present in person via attendance at the virtual Annual Meeting or represented by proxy at the virtual Annual Meeting and entitled to vote. Brokers, banks, and other nominees generally have discretionary authority to vote on this proposal. If you abstain from voting on this proposal, your abstention will have the same effect as a vote against the proposal. If the Company's stockholders do not ratify the appointment of Ernst & Young LLP, our Audit Committee will reconsider the appointment and may affirm the appointment or retain another independent accounting firm, in its sole discretion. Even if the appointment of Ernst & Young LLP is ratified, our Audit Committee may in the future replace Ernst & Young LLP as our independent registered public accounting firm at any time if it determines that a change would be in our best interest.

#### Our Board unanimously recommends a vote "FOR" the ratification of the appointment of

#### Ernst & Young LLP as the independent registered public accounting firm of the Company

#### for the fiscal year ending December 31, 2023.
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#### AUDIT MATTERS

#### Audit and Non-Audit Fees
The following table presents fees for audit, audit-related, tax and other services rendered by the Company's principal independent registered public accounting firm, Ernst & Young LLP, for the years ended December 31, 2022, and 2021:

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| | | |
|:---|:---|:---|
| **Fees** | **2022** | **2021** |
| Audit Fees <sup>(1)</sup> | $1239230 | $1633054 |
| Audit-Related Fees | $— | $— |
| Tax Fees <sup>(2)</sup> | $810424 | $484303 |
| All Other Fees <sup>(3)</sup> | $2410 | $— |
| Total | $2052064 | $2117357 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Audit fees for 2022 and 2021 include fees associated with the audit of our consolidated financial statements, the audit of our
 internal control over financial reporting, and reviews of our quarterly financial statements. The audit fees incurred in 2021 were higher due to approximately $0.4 million in fees related to comfort procedures and consents associated with
 SEC filings required for capital market transactions during 2021.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Tax fees for 2022 and 2021 were for services consisting primarily of federal and state tax planning. The increase in tax fees for
 2022 was due to federal tax consulting associated with certain federal tax deductions and credit opportunities, as well as state tax consulting associated with corporate structuring.

&nbsp;&nbsp;&nbsp;&nbsp;(3) All Other Fees for 2022 comprised access fees to EY Online, an online information and communication tool available to Ernst &
 Young audit clients.

#### Pre-Approval of Audit and Non-Audit Fees
Consistent with Section 202 of the Sarbanes-Oxley Act of 2002 and SEC rules regarding auditor independence, our Audit Committee pre-approves all audit and non-audit services provided by our independent registered public accounting firm. In 2022 and 2021, our Audit Committee pre-approved all amounts disclosed under "audit," "audit-related," "tax" and "all other" fees by Ernst & Young, LLP in accordance with applicable rules.

Our Audit Committee's Auditor Independence Policy prohibits our independent registered public accounting firm from performing certain non-audit services and any services that have not been approved by our Audit Committee in accordance with the policy and the Section 202 rules. The policy establishes procedures to ensure that proposed services are brought before our Audit Committee for consideration and, if determined by our Audit Committee to be consistent with the auditor's independence, approved prior to initiation, and to ensure that our Audit Committee has adequate information to assess the types of services being performed and fee amounts on an ongoing basis. Our Audit Committee has delegated to its Chair, Mr. Prann, the authority to pre-approve services between meetings when necessary, provided the full Audit Committee is apprised of the services approved at its next regularly scheduled meeting.

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#### Report of the Audit Committee
*The following Report of the Audit Committee does not constitute soliciting material and should not be deemed filed or incorporated by reference into any other Company filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent the Company specifically incorporates this Report by reference therein.* 

#### Oversight of Financial Reporting
As part of its oversight of our financial statements, our Audit Committee reviews and discusses with both management and our independent registered public accounting firm all annual and quarterly financial statements prior to their issuance. With respect to the 2022 fiscal year, management advised the Audit Committee that each set of financial statements reviewed had been prepared in accordance with generally accepted accounting principles ("GAAP") and reviewed significant accounting and disclosure issues with our Audit Committee. These reviews included discussion with the independent registered public accounting firm of matters required to be discussed pursuant to *Auditing Standard No. 1301 (Communications with Audit Committees)*, as amended, including the quality of our accounting principles, the reasonableness of significant judgments and the clarity of disclosures in the financial statements. Our Audit Committee also received the written disclosures and a letter from Ernst & Young LLP required by applicable requirements of the Public Company Accounting Oversight Board regarding its communications with our Audit Committee concerning independence and has discussed with Ernst & Young LLP its independence.

Also, with respect to fiscal 2022, our Audit Committee received periodic updates on the effectiveness of our internal control over financial reporting provided by management, the independent registered public accounting firm and the internal auditors at each regularly scheduled Audit Committee meeting and provided oversight during the process. At the conclusion of the process, management provided our Audit Committee with, and our Audit Committee reviewed a report on, the effectiveness of our internal control over financial reporting. Our Audit Committee also reviewed Management's Report on Internal Control over Financial Reporting and Ernst & Young LLP's Reports of Independent Registered Public Accounting Firm included in our Annual Report on Form 10-K for the year ended December 31, 2022.

Taking all of these reviews and discussions into account, the undersigned Committee members recommended to our Board that our Board approve the inclusion of our audited financial statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022, for filing with the SEC.

Submitted by the Audit Committee:

John R. Prann, Jr., Chair

Donna M. Alvarado

Anne L. Mariucci

Devin I. Murphy

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#### PROPOSAL 3 – ADVISORY VOTE TO APPROVE THE

#### COMPENSATION OF NAMED EXECUTIVE OFFICERS
Pursuant to Section 14A of the Exchange Act, the Company seeks your non-binding advisory vote and asks that you support the compensation of our Named Executive Officers as disclosed in the *Compensation Discussion and Analysis* section (the "CD&A") and the accompanying tables contained in this Proxy Statement. At our 2017 Annual Meeting of Stockholders, our stockholders indicated on an advisory basis their preference that advisory votes to approve the compensation of our Named Executive Officers occur every year. Taking into account the non-binding advisory input of our stockholders and other relevant factors, our Board has determined to hold this advisory vote every year. The affirmative vote of the holders of a majority of the shares present in person via attendance at the virtual Annual Meeting or represented by proxy at the virtual Annual Meeting and entitled to vote is required to approve the non-binding advisory vote of compensation paid to our Named Executive Officers. Broker non-votes will have no effect on the outcome of this proposal. If you abstain from voting on this proposal, your abstention will have the same effect as a vote against the proposal.

Because your vote is advisory, it will not be binding on our Compensation Committee. However, our Compensation Committee will review the voting results and take them into consideration when making future decisions regarding executive compensation for our Named Executive Officers. We urge you to read the CD&A, which begins on page [40](#tEXE1) of this Proxy Statement, and other sections of this Proxy Statement that provide additional details on our executive compensation, including our compensation philosophy and objectives and the 2022 compensation of our Named Executive Officers.

As described in detail in the CD&A, our executive compensation programs are designed to ensure our executive officers are rewarded appropriately for their contributions to us, and that our overall compensation strategy supports the objectives and values of our organization, as well as stockholder interests. Our programs are designed to attract and retain executive leadership who will execute our business strategy, uphold our values and deliver results and long-term value to our stockholders. Our goal is to have a substantial portion of executive compensation contingent upon our performance.

Our Compensation Committee continually reviews the compensation programs for our Named Executive Officers to ensure our programs achieve the desired goals of aligning our executive compensation structure with our stockholders' interests and current market practices. Our Compensation Committee has engaged an independent compensation consultant from time to time to assist it in reviewing and assessing, as well as providing advice and guidance on the design and market competitiveness of, our compensation strategies and plans.

We believe our executive compensation programs are structured in the best manner possible to align the interests of our management team with those of our stockholders in the management of our business, the pursuit of our strategic objectives and the creation of long-term value.

Stockholders are being asked to vote on the adoption of the following resolution:

RESOLVED: That the stockholders of CoreCivic, Inc. approve the compensation of the Company's Named Executive Officers, as described in the *Compensation Discussion and Analysis* section and related compensation tables, notes and narrative in the Proxy Statement for the Company's 2023 virtual Annual Meeting of Stockholders.

#### Our Board unanimously recommends a vote "FOR" the approval, on an advisory basis, of the compensation of our Named Executive Officers.
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#### PROPOSAL 4 – ADVISORY VOTE ON THE FREQUENCY OF

#### FUTURE ADVISORY VOTES ON EXECUTIVE COMPENSATION
Pursuant to Section 14A of the Securities Exchange Act of 1934, we are asking stockholders to provide their input with regard to whether future advisory votes on our executive compensation of the nature set forth in Proposal 3 should occur every year, every two years or every three years. The Company has had advisory votes on executive compensation every year starting with its 2017 Annual Meeting of Stockholders.

After careful consideration, our Board has determined that an annual advisory vote on executive compensation is the most appropriate alternative for the Company. In formulating its recommendation, the Board considered a number of factors, including the Board's commitment to sound corporate governance practices, its confidence in the appropriateness of the Company's executive compensation program and the Compensation Committee's annual evaluation process of our executive compensation program and disclosures. The Board recognizes that compensation disclosures are made annually and that holding an annual advisory vote on executive compensation will provide the most direct and immediate stockholder feedback on our compensation disclosures.

This advisory vote on the frequency of future advisory votes on executive compensation is non-binding on the Board and stockholders are not voting to approve or disapprove the Board's recommendation. Instead, you may cast your vote on your preferred voting frequency by selecting one of four choices for this proposal on the proxy card: "ONE YEAR," "TWO YEARS," "THREE YEARS" or "ABSTAIN."

The option of "ONE YEAR," "TWO YEARS" or "THREE YEARS" that receives the highest number of votes cast will be the frequency of the vote on future advisory votes on the compensation of our named executive officers that has been approved by our stockholders on an advisory basis. Broker non-votes and abstentions will have no effect on the outcome of this proposal. Even though your vote is advisory and therefore will not be binding on the Company, the Board and the Compensation Committee value the opinions of our stockholders and will carefully review and consider the voting results. Notwithstanding the Board's recommendation and the outcome of the stockholder vote, the Board may decide that it is in the best interests of our stockholders and the Company to hold an advisory vote on executive compensation more or less frequently than the option selected by our stockholders.

**Our Board unanimously recommends, on an advisory basis, that you vote for the option of "ONE YEAR" as the frequency with which stockholders are provided an advisory vote on executive compensation.**

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#### EXECUTIVE OFFICERS
The following table sets forth our executive officers as of March 28, 2023:

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| | |
|:---|:---|
| Damon T. Hininger | Chief Executive Officer and President, Director |
| David M. Garfinkle | Executive Vice President and Chief Financial Officer |
| Patrick D. Swindle | Executive Vice President and Chief Operating Officer |
| Anthony L. Grande | Executive Vice President and Chief Development Officer |
| Lucibeth N. Mayberry | Executive Vice President and Chief Innovation Officer |
| David K. Churchill | Executive Vice President and Chief Human Resources Officer |
| Cole G. Carter | Executive Vice President, General Counsel and Secretary |

---

Set forth below are the biographies of each of our current executive officers, except for Mr. Hininger, whose biography is set forth under "Proposal 1 – Election of Directors."

**David M. Garfinkle, age 55, has served as our Executive Vice President and Chief Financial Officer since May 1, 2014. Mr. Garfinkle served as the Company's Vice President of Finance and Controller from February 2001 to May 2014. From 1996 to 2001, Mr. Garfinkle served as Vice President and Controller for Bradley Real Estate, Inc., a publicly traded REIT. Prior to joining Bradley Real Estate, Inc., Mr. Garfinkle was a Senior Manager at KPMG Peat Marwick, LLP. Mr. Garfinkle is a Certified Public Accountant and holds a bachelor's degree in business administration from St. Bonaventure University. Mr. Garfinkle serves on the board of directors of Mobile Infrastructure Corporation, an internally-managed, publicly registered company that focuses on acquiring, owning and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States. Mr. Garfinkle also serves as a board member and as a member of the executive committee of Junior Achievement of Middle Tennessee, having previously served as the chair of that organization's finance committee.**

**Patrick D. Swindle, age 47, has served as our Executive Vice President and Chief Operating Officer since December 2020. From January 2018 until December 2020, Mr. Swindle served as our Executive Vice President and Chief Corrections Officer. From October 2016 to January 2018, Mr. Swindle served as our Senior Vice President, Operations. From April 2014 to October 2016, Mr. Swindle served as our Vice President, Treasury and Strategic Development. From August 2013 to April 2014, Mr. Swindle served as our Vice President, Strategic Development. From July 2009 to August 2013, Mr. Swindle served as our Vice President and Treasurer. Mr. Swindle joined the Company in 2007 as Managing Director, Treasury. Prior to joining the Company, Mr. Swindle spent 10 years in equity research in the equity capital markets divisions of SunTrust Equitable Securities, Raymond James Financial Services, Inc. and Avondale Partners, LLC. During his time as an equity analyst, Mr. Swindle focused his research on outsourced business services, government and healthcare industries, including partnership corrections. Mr. Swindle holds a bachelor's degree in finance from Western Kentucky University.** 

**Anthony L. Grande, age 53, has served as our Executive Vice President and Chief Development Officer since July 2008. From September 2007 to July 2008, Mr. Grande served as our Senior Vice President, State Customer Relations. Mr. Grande joined the Company in 2003 as Vice President, State Customer Relations. Prior to joining the Company, Mr. Grande served as the Commissioner of Economic and Community Development for the State of Tennessee. Mr. Grande holds a bachelor's degree from The American University and a master's degree in education from Vanderbilt University.** 

**Lucibeth N. Mayberry, age 51, has served as our Executive Vice President and Chief Innovation Officer since October 2022. Prior to assuming that role, Ms. Mayberry served as Executive Vice President, Real** 

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Estate from May 2015 until October 2022. From November 2013 to May 2015, Ms. Mayberry served as our Senior Vice President, Real Estate. From August 2008 to November 2013, Ms. Mayberry served as our Vice President, Deputy Chief Development Officer. From March 2006 to August 2008, Ms. Mayberry served as our Vice President, Research, Contract and Proposals. Ms. Mayberry joined CoreCivic in May 2003 as Senior Director, State Partnership Relations, and was promoted to Managing Director, State Partnership Relations in 2004. Before joining the Company, Ms. Mayberry served as a Senior Associate of the Taxation and Estate Planning Practice Group at the Nashville-based law firm Stokes, Bartholomew, Evans and Petree. Ms. Mayberry holds a bachelor's degree from the University of Tennessee, a juris doctor from Vanderbilt University, and a Master of Laws degree in taxation from the University of Florida.

**David K. Churchill, age 59, has served as our Executive Vice President and Chief Human Resources Officer since August 2020. From May 2019 until August 2020, Mr. Churchill served as our Senior Vice President and Chief Human Resources Officer. From September 2014 to May 2019, Mr. Churchill served as Vice President of Human Resources. Mr. Churchill joined the Company in August 2012 as senior director of Organizational Development. Mr. Churchill has over 30 years of experience in human resources, talent management, and organizational development, having served in various senior-level roles at Bank of America, Ingersoll Rand, and Tractor Supply Company. Mr. Churchill holds a bachelor's degree in business management from Eastern Illinois University, a Master of Business Administration from Aurora University, and a doctorate in organizational behavior from The George Washington University.**

**Cole G. Carter, age 54, has served as our Executive Vice President, General Counsel and Secretary since May 2019. From July 2018 until May 2019, Mr. Carter served as our Senior Vice President, General Counsel and Secretary. From July 2006 to July 2018, Mr. Carter served as Associate General Counsel. Mr. Carter joined CoreCivic in 1992 as an academic instructor at Metro-Davidson County Detention Facility. Mr. Carter was promoted to manager of Educational Services at our Facility Support Center in May 1996, where Mr. Carter also served as director of Educational Services and joined our Legal Department in 2006. Since 2016, Mr. Carter has served as president of the CoreCivic Cares Fund, which provides short-term assistance to CoreCivic employees who are undergoing financial hardship. Mr. Carter holds a bachelor's degree from Tennessee State University, a master's degree from Middle Tennessee State University, and a juris doctor from Nashville School of Law.** 

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#### EXECUTIVE AND DIRECTOR COMPENSATION

#### Compensation Discussion and Analysis
This section of the Proxy Statement discusses the philosophy, objectives and elements of our executive compensation programs and the compensation awarded to our Named Executive Officers ("NEOs"), consisting of our Chief Executive Officer, Chief Financial Officer and our next three highest paid executives in 2022. This information should be read in conjunction with the Summary Compensation Table and the related tables and narratives that follow the *Compensation Discussion and Analysis* in this Proxy Statement. Based on SEC proxy disclosure rules, the following individuals were our NEOs for the fiscal year ended December 31, 2022:

---

| | |
|:---|:---|
| Damon T. Hininger | Chief Executive Officer and President, Director |
| David M. Garfinkle | Executive Vice President and Chief Financial Officer |
| Patrick D. Swindle | Executive Vice President and Chief Operating Officer |
| Anthony L. Grande | Executive Vice President and Chief Development Officer |
| Lucibeth N. Mayberry | Executive Vice President and Chief Innovation Officer |

---

#### Executive Summary

#### Our Company and Strategy
We are the nation's largest owner of partnership correctional, detention, and residential reentry facilities. We are one of the largest prison operators in the United States. Through three segments, CoreCivic Safety, CoreCivic Community and CoreCivic Properties, we provide a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.

Our principal corporate objective is creating long-term value for our stockholders by pursuing avenues to profitably grow our primary CoreCivic Safety correctional and detention business while diversifying our revenues and cash flows by prudently expanding our CoreCivic Community and CoreCivic Properties businesses.

&nbsp;&nbsp;&nbsp;&nbsp;• CoreCivic Safety pursues avenues to profitably grow by improving performance under contracts with our existing government
 partners, marketing available facility capacity to existing and new government partners and providing new facility capacity as appropriate to meet specific partner needs.

&nbsp;&nbsp;&nbsp;&nbsp;• CoreCivic Community, the second largest community corrections owner and operator in the United States, pursues opportunities to
 market available residential capacity to existing and new government partners and to expand the scope of non-residential correctional alternative solutions available to government agencies.

&nbsp;&nbsp;&nbsp;&nbsp;• CoreCivic Properties offers government partners and providers an attractive portfolio of correctional, detention, and reentry
 facilities that can be leased for various needs as an alternative to contracting for "turn-key" correctional and residential reentry bed space and services and also pursues opportunities to develop, build and lease prison facilities to
 government agencies in need of criminal justice infrastructure.

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#### 2022 Company Performance Highlights
In spite of the continued challenges presented by the actions related to COVID-19 and the challenging labor market on our business in 2022, we renewed several significant contracts and completed numerous other transactions and milestones, including the following:

#### CoreCivic Safety:
&nbsp;&nbsp;&nbsp;&nbsp;• Introduced MaxxContent as a pilot program at our Crossroads Correctional Center in Montana, our Lee Adjustment Center in Kentucky,
 our Red Rock Correctional Center in Arizona, our Trousdale Turner Correctional Center in Tennessee, and our La Palma Correctional Center in Arizona. MaxxContent is a custom online Learning Management System that includes content such as
 life skills, mental health, financial literacy, GED preparation, communications, workforce skills, and reentry preparation, and is available to students in our facility education computer labs.

&nbsp;&nbsp;&nbsp;&nbsp;• Partnered with Felon Education Project and introduced Felon Education as a pilot program at our Wheeler Correctional Facility in
 Georgia. Felon Education is a course that teaches inmate students how to start their own businesses. The course teaches the students how to write a business plan, obtain funding, set goals, and work through small business finances,
 regulations and much more.

&nbsp;&nbsp;&nbsp;&nbsp;• Partnered with Pivot Technology School to pilot Pivot Tech, a technology career program, at our Jenkins Correctional Center in
 Georgia. Pivot Tech is a five-month "boot camp" style course taught in a live classroom with virtual instructors. Students learn computer coding and data analytics and receive certificates that prepare them for career success upon
 reentry.

&nbsp;&nbsp;&nbsp;&nbsp;• Completed the retrofit of lighting to more energy-efficient LED lighting at all of our owned, operated, and currently occupied
 facilities.

&nbsp;&nbsp;&nbsp;&nbsp;• Identified and purchased temporary housing facilities for employees at five of our facilities in Montana, Colorado, Oklahoma and
 New Mexico to remove housing barriers for our staff, resulting in improved retention under unique and challenging working and living conditions. The temporary housing facilities, representing approximately 80 units, include single-family
 structures, structures with multiple studio apartments with common living space, and refurbished hotels.

&nbsp;&nbsp;&nbsp;&nbsp;• Completed the sale of the 1,978-bed McRae Correctional Facility to the Georgia Building Authority in order to update their aged
 and inefficient public sector correctional infrastructure. We sold the McRae Correctional Facility for a gross sales price of $130.0 million, generating net proceeds of $129.7 million and resulting in a gain on sale of $77.5 million after
 transaction costs.

&nbsp;&nbsp;&nbsp;&nbsp;• Substantially completed the transition of populations at our 3,060-bed La Palma Correctional Center in Arizona from an ICE
 population to a population of residents from the state of Arizona. The new management contract with the state of Arizona commenced in April 2022. The new contract from the state of Arizona is for up to 2,706 inmates, allowing the state to
 close an outdated public-sector prison and transfer populations from multiple other public-sector prisons to the La Palma facility.

&nbsp;&nbsp;&nbsp;&nbsp;• Renewed 8 of the 9 management contracts scheduled to expire during 2022.

&nbsp;&nbsp;&nbsp;&nbsp;• Our warden at the Lake Erie Correctional Institution was selected as "Warden of the Year" by the Ohio Department of Rehabilitation
 & Correction for his achievements in workforce development, improvements in correctional outcomes, and enhancing the overall quality of life for the incarcerated population.

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#### CoreCivic Community:
&nbsp;&nbsp;&nbsp;&nbsp;• Partnered with a financial institution to conduct classes with residents in our Colorado facilities on financial wellness,
 including the importance of having a savings account, the importance of, and how to establish, credit, and how to establish a bank account.

&nbsp;&nbsp;&nbsp;&nbsp;• Awarded "Outstanding Professional Achievements and Contribution to Travis County Justice Planning Workforce Development" at our
 Austin Transitional Center in Texas. This award recognizes the staff at the Austin Transitional facility for their efforts in working with reentry services within their county and was a result of the staff's commitment to networking and
 providing employment opportunities and community resources to the residents in their care.

&nbsp;&nbsp;&nbsp;&nbsp;• Completed the sales of two of our idled facilities, the Oklahoma City Transitional Center and Ulster Facility, and the sale of our
 under-utilized Fox Facility and Training Center, generating aggregate net sales proceeds of $10.2 million.

&nbsp;&nbsp;&nbsp;&nbsp;• Renewed all of the 13 management contracts scheduled to expire during 2022.

#### CoreCivic Properties:
&nbsp;&nbsp;&nbsp;&nbsp;• Procured a 100% renewable electricity supply for our California City Correctional Center in California.

&nbsp;&nbsp;&nbsp;&nbsp;• Completed the sale of our Stockton Female Community Corrections Facility and the sale of our Long Beach Community Corrections
 Center, both located in California, in a single transaction generating net sales proceeds of $10.9 million.

#### Corporate and Other:
&nbsp;&nbsp;&nbsp;&nbsp;• Entered into a Third Amended and Restated Credit Agreement in an aggregate principal amount of $350.0 million, consisting of a
 $100.0 million term loan and a revolving credit facility with a borrowing capacity of $250.0 million. The new credit agreement extends the maturity to May 2026 from the April 2023 maturity under the previous credit agreement.

&nbsp;&nbsp;&nbsp;&nbsp;• Paid-down our term loan under the previous credit agreement, amounting to $167.5 million at the time, upon entering into our new
 credit agreement.

&nbsp;&nbsp;&nbsp;&nbsp;• Voluntarily repaid in full the outstanding principal balance under our Term Loan B credit agreement, amounting to $124.1 million
 at the time, and satisfied all of our outstanding obligations under that credit agreement.

&nbsp;&nbsp;&nbsp;&nbsp;• Purchased $19.9 million of our 4.625% senior unsecured notes with a maturity date of May 2023 and $60.9 million of our 8.25%
 senior unsecured notes with a maturity date of April 2026 at a weighted average purchase price approximately equal to par in open market purchases.

&nbsp;&nbsp;&nbsp;&nbsp;• Provided notice of early redemption of our 4.625% senior unsecured notes with a maturity date of May 2023, and repaid in full the
 outstanding principal balance of such notes, amounting to $153.8 million on February 1, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;• Approved a share repurchase program to repurchase up to $225.0 million of our common stock. During 2022, we repurchased a total of
 6.6 million common shares at an aggregate cost of approximately $74.5 million.

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&nbsp;&nbsp;&nbsp;&nbsp;• Issued our fourth Environmental, Social and Governance, or ESG, report that summarizes our impacts and aspirational goals across
 environmental, social, and governance topics. The report details our commitment to reducing the national recidivism crisis through evidence-based practice in our reentry programs and covers progress in our human rights-related goals.

&nbsp;&nbsp;&nbsp;&nbsp;• Established three Business Resource Groups as part of our enterprise Diversity, Equity & Inclusion strategy. These include
 women, military, and multicultural interests.

#### Stock Price Performance and TSR Ranking Within Our Peer Group
Our stock price increased from a closing price of $9.97 at fiscal year-end 2021 to $11.56 at fiscal year-end 2022. We believe our stock price was positively impacted by the successful execution of our capital allocation strategy, which benefitted from net proceeds of $129.7 million generated by the sale of our McRae Correctional Facility, while effectively managing through a difficult operating environment, including occupancy restrictions placed by our government partners because of the COVID-19 pandemic and a challenging labor market.

Our total stockholder return ("TSR") for 2022 and the three-year and five-year periods ended December 31, 2022, and ranking within our peer group (as set forth under *Compensation Discussion and Analysis—Process for Determining Compensation—Independent Review and Use of Market Data—Peer Group Review and Update*), are presented below. On March 15, 2023, our closing stock price was $9.40.

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| | | |
|:---|:---|:---|
|  | **TSR <sup>(1)</sup>** | **Percentile** <br>**Ranking Within** <br>**Peer Group <sup>(1)</sup>** |
| One-Year TSR (12/31/2021 - 12/31/2022) | &nbsp;&nbsp; 16% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81% |
| Three-Year TSR (12/31/2019 - 12/31/2022) | &nbsp;&nbsp; -29% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5% |
| Five-Year TSR (12/31/2017 - 12/31/2022) | &nbsp;&nbsp; -36% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) TSR and Percentile Ranking within Peer Group were calculated by the Company's Independent Compensation Consultant using the Peer
 Group discussed in *Compensation Discussion and Analysis—Process for Determining Compensation—Independent Review and Use of Market Data—Peer Group Review and Update*.

#### Pay for Performance
Pay for performance is an important component of our longstanding executive compensation philosophy. Our compensation approach is designed to attract, retain and motivate qualified, knowledgeable and talented executives. Compensation is provided using a balanced mix of short- and long-term incentives because we believe that this balance drives leadership decisions that continuously strengthen our Company and focus on returning value to stockholders.

As each year's executive compensation program goals are set, our Compensation Committee considers our Company's external challenges and opportunities, examining not only opportunities for desirable business outcomes, but also opportunities for our Company to contribute to the improvement of the lives of those entrusted to our care and the career and development of our workforce. The Committee also strives to align financial targets and NEO incentives with the most important aspects of our Company's capital allocation and growth strategies.

In 2019, with the assistance of Exequity, our Compensation Committee led a comprehensive review and redesign of the Company's executive compensation program. We believe the 2019 redesign of the Company's executive compensation program built upon the strong foundation established under prior executive compensation policies, while creating proper incentives for our executives to achieve corporate and strategic objectives and to maximize stockholder value over the long-term and to align pay with stockholders' interests. In 2021, the Compensation Committee, with the assistance of Exequity, reviewed the Company's existing executive compensation program for changes it should implement as a result of the

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Company's conversion from a REIT to a taxable C Corporation, effective January 1, 2021. While the structure of the Company's executive compensation program itself did not change, Exequity recommended that the Compensation Committee adopt changes to the Company's peer group to better align the peer group with the Company's revocation of its REIT election and conversion to a taxable C Corporation. The Compensation Committee adopted this recommendation (see *Compensation Discussion and Analysis—Process for Determining Compensation—Independent Review and Use of Market Data—Peer Group Review and Update* and *Compensation Discussion and Analysis—Long-Term Incentive Compensation—Peer Group for Determining rTSR Modifier for Performance-Based RSU Awards*).

Consistent with the 2019 objectives, our Compensation Committee has developed and approved an executive compensation program providing for a range of compensation for our executives, with the intent of rewarding strong performance and reducing incentive compensation when our performance objectives are not achieved. For 2022, the overall program did not change, but the Committee did review the peer group to ensure it was still appropriate. For a detailed discussion of our short-term and long-term incentive programs, see the *Executive and Director Compensation—NEO Compensation for* 2022*—Annual Cash Incentive Plan* and *Executive* and *Director Compensation—NEO Compensation for* 2022*—Long-Term Incentive Compensation* sections, respectively, of this Proxy Statement.

The charts below illustrate the balance of target total compensation during 2022 for the CEO (on the left) and the average of the other NEOs (on the right):

#### Elements of CEO and Other NEO Average Target Compensation <sup>(1)</sup>
![graphic](ny20006178x1_piechart1.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;(1) The percentages of total compensation for our CEO (left) and the average of our other NEOs (right) as calculated above are based on
 the 2022 base salary and the value of executive-level perquisites paid to the CEO and other NEOs which were not paid generally to all employees, the 2022 annual cash incentive compensation award (assuming achievement at the target level
 (such award was ultimately paid at 128.7% for our CEO and 102.9% for our other NEOs)), the grant date fair value of the performance-based RSU awards granted in February 2022 (assuming vesting at the target achievement level) and the grant
 date fair value of the time-based RSU awards granted in February 2022. Each compensation element is outlined in more detail in the 2022 Summary Compensation Table on page [67](#tEXE9) below. For the NEOs other than the CEO,
 the chart above is based on the average of each category. Due to rounding, percentage totals may not equal 100%.

As the charts above indicate, a significant portion of our NEOs' total target compensation is performance-based. We believe this mix of total direct compensation reflects a strong pay-for-performance design of our executive compensation program.

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#### Key Elements of Our Compensation Program
The following table provides a summary of the types of compensation provided to our CEO and our other NEOs.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Compensation Element** | **Key** <br>**Characteristics** | **Why We Use** <br>**This Element** | **Considerations in** <br>**Setting Pay Amount** | **2022** <br>**Decisions** |
| Base Salary | • Fixed compensation <br>• Payable in cash <br> • Reviewed annually <br>• Adjusted when appropriate | • To attract and retain qualified executives <br>• Compensates for roles and responsibilities | • Level of responsibility <br>• Experience, skills and performance <br>• Competitive labor market | • Our CEO received a 6.0% increase in base salary, and our other NEOs (on average) received a 6.0% increase in base salary during 2022 |
| Short-Term Cash Incentive Compensation | • Variable compensation <br>• Cash-based <br>• Adjusted annually as appropriate <br>• Tied to preset performance targets | • Motivates and rewards <br>• Incentivizes pursuit of short-term strategic goals | • Adjusted EBITDA <br>• Sale of McRae Correctional Facility <br>• Improving lives and respecting human rights of residents and employees | • Financial performance fell below target level <br>• McRae Correctional Facility was successfully sold <br>• Strategic Business Goals were achieved resulting in a 1.20x modifier <br>• CEO and NEOs received payout of 128.7% and 102.9% of base salary, respectively |
| Long-Term Equity Incentive Compensation | • Variable compensation <br>• Performance-based RSUs and Time-based RSUs, vesting ratably over three years | • Motivates and rewards <br>• Incentivizes pursuit of long-term value <br>• Encourages multi-year retention of executives <br>• Aligns with shareholder interests | • Performance-based RSUs vest from 50-150% of grant over three years based on Normalized FFO targets set annually modified by Relative TSR<sup>(1)</sup> <br>• Time-based RSUs vest ratably over three years | • CEO granted a 60/40, performance/time-based split of RSUs in 2022; other NEOs granted 50/50 split. <br>• Normalized FFO fell below target. <br>• Relative TSR<sup>(1)</sup> at 84.9<sup>th</sup> percentile resulting in a 1.2x modifier |
| Other Benefits | • Fixed compensation <br>• General programs available to all employees <br>• Certain executive-level perquisites not paid generally to our other employees | • Executives enjoy same benefits as all employees <br>• Provides competitive benefits to attract and retain talent | • Maintain common benefits across workforce <br>• Offer executive level benefits comparable with other similarly positioned companies | • Our CEO and other NEOs receive limited executive perquisites described more fully on page [63](#taPOB) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Relative TSR ("rTSR") was determined by comparing our Company's total shareholder return ("TSR") against the companies comprising
 the Russell 2000. This calculation was performed by Exequity, our independent Compensation Consultant, at the request of our Compensation Committee. More information on the Compensation Committee's use of rTSR can be found under the
 heading *Compensation Discussion and Analysis—2022 Performance-Based RSU Awards (* 2022 *-2024 Performance Period).* 

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#### Compensation Practices
In designing our compensation programs, we are mindful of the risks to our stockholders that may be inherent in our compensation programs, and we attempt to utilize compensation practices that mitigate these risks. In designing our compensation programs, we also have considered feedback from our investors and relevant third parties. Our compensation program includes the following compensation practices:

&nbsp;&nbsp;&nbsp;&nbsp;• *Pay for Performance—* We tie pay to performance in a manner that we believe advances our
 stockholders' interests by paying a significant portion of our NEOs' total compensation opportunities in the form of variable compensation payable upon the performance of short- and long-term performance targets. As described under *NEO Compensation for 2022* on page [50](#tEXE5) , 55.3% of our CEO's total direct compensation package and 48.7% of our other NEO's total direct compensation package (on average) was
 performance-based in 2022 (calculated in the manner described on page [43](#taPP)).

&nbsp;&nbsp;&nbsp;&nbsp;• *Design of Our Annual Cash Incentive Plan* —As described below under *Annual Cash Incentive Plan* on page [51](#taAC) , our annual cash incentive plan is performance-based, and a failure to achieve the minimum performance level in either Adjusted EBITDA or the
 inability to negotiate a sale of our McRae Correctional Facility results in zero bonus opportunity for such category (i.e., all of this compensation is "at risk"). Further, the bonus opportunity provided by our annual cash incentive plan
 is increased or decreased based upon the level of achievement of certain Strategic Business Goals.

&nbsp;&nbsp;&nbsp;&nbsp;• *Design of Our Long-Term Equity Incentive Compensation Program* —As described under *Long-Term Incentive Compensation* on page [56](#taLT) , a significant portion of our NEO's long-term incentive compensation is in the form of performance-based RSUs which vest based on the
 achievement of annual Normalized FFO performance targets and are subject to an rTSR modifier, which may positively or negatively adjust the number of performance-based RSUs vesting, if any. As described on page [57](#tLTEICAW) ,
 the failure to achieve the minimum Normalized FFO performance target in a particular year results in no RSUs vesting and the forfeiture of that year's performance-based award.

&nbsp;&nbsp;&nbsp;&nbsp;• *Stock Ownership and Retention Guidelines for Executives and Directors* —Our stock ownership
 guidelines require significant levels of stock ownership for our executives and directors. See *Guidelines and Policies—Executive Officer Stock Ownership Guidelines* on page [64](#taEOS) and *Director Stock Ownership Guidelines* on page [82](#tEXE19) .

&nbsp;&nbsp;&nbsp;&nbsp;• *No Hedging or Pledging* —Our insider trading guidelines include provisions that prohibit
 executive officers, directors, other officers and employees from engaging in hedging or pledging transactions involving Company securities. See *No Hedging or Pledging Permitted* on page [19](#tCG9) .

&nbsp;&nbsp;&nbsp;&nbsp;• *No Tax "Gross Ups" for Severance Payments* —As described in *Potential Payments upon Termination or Change of Control* on page [71](#tEXE14) , we do not provide excise or other tax "gross up" payments in connection with any severance payment made to an NEO.

#### Results of 2022 Advisory Vote to Approve Executive Compensation
At our 2022 virtual Annual Meeting of Stockholders, our stockholders overwhelmingly approved the compensation of our NEOs with more than 97% of the votes cast voting in favor of our advisory "say on pay" proposal. Our Compensation Committee and the Company view these results as an indication that our stockholders support our executive compensation policies. Nonetheless, our Compensation Committee regularly evaluates our executive compensation plans and policies, compensation best practices and market compensation trends, and considers alternatives for strengthening the alignment of our executive compensation program with our compensation philosophy and objectives, our business strategy, competitive market practices and long-term stockholder value creation. The comprehensive plan design

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described in this Proxy Statement reflects both an acknowledgement of stockholder support for the Company's executive compensation approach and the desire of our Compensation Committee to continuously refine our executive compensation program in accordance with the factors listed above.

#### Compensation Philosophy and Objectives
The foundational philosophy of our executive compensation program is to provide a total mix of compensation, comprising base salary, annual cash incentive compensation, long-term equity-based incentive awards and other benefits, which enables us to attract, retain and motivate, qualified, knowledgeable and talented executive leadership that will execute our business strategy, uphold our values, deliver positive results and create long-term value for our stockholders. Accordingly, our Compensation Committee develops compensation strategies and programs that will attract, retain and motivate qualified, knowledgeable and talented executives through compensation that is:

&nbsp;&nbsp;&nbsp;&nbsp;• *Performance-based*: A significant component of total compensation should be determined
 based on whether or not we achieve objective performance criteria that are aligned with positive operational performance, the successful execution of our capital allocation and growth strategies and the creation of long-term stockholder
 value, and which do not encourage unreasonable risk-taking.

&nbsp;&nbsp;&nbsp;&nbsp;• *Competitive*: In order to achieve our strategic objectives and to attract, retain and
 motivate a team of qualified, talented and knowledgeable executives who are capable of performing their responsibilities, we design our executive compensation with the intent of providing competitive compensation programs that reward
 strong performance and limit compensation when our performance objectives are not achieved.

&nbsp;&nbsp;&nbsp;&nbsp;• *Balanced*: Performance-oriented features and retention-oriented features should be
 balanced so the entire program accomplishes both pay-for-performance and executive retention objectives, while motivating executives and encouraging prudent risk-taking that is aligned with our capital allocation and growth strategies.

&nbsp;&nbsp;&nbsp;&nbsp;• *Fair*: Compensation levels and plan design should fairly reflect competitive practices and
 the relationship of compensation levels among our executives.

#### Process for Determining Compensation – Independent Review and Use of Market Data

#### Role of Compensation Committee
Our Compensation Committee establishes and regularly reviews our compensation philosophy and programs, exercises authority with respect to the determination and payment of base and incentive compensation to executive officers and administers our Amended and Restated 2020 Stock Incentive Plan (the "2020 Plan"). Our Compensation Committee annually reviews executive compensation and our compensation programs to ensure our CEO and the other executive officers are rewarded appropriately for their contributions to our success, and our overall compensation strategy supports the objectives and values of our organization, as well as stockholder interests. Our Compensation Committee conducts this review and makes compensation decisions through a comprehensive process involving a series of meetings primarily occurring in the first and second quarters of each year. Compensation Committee meetings typically are attended by our Compensation Committee members, legal advisors, our Chair of the Board, our CEO and, upon request, the Compensation Committee's independent compensation consultant. As with all Board committees, other Board members also have a standing invitation to attend our Compensation Committee's meetings. Our CEO generally makes recommendations to our Compensation Committee regarding equity awards for the executive officers other than himself. Our Compensation

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Committee meets in executive session to the extent the members deem necessary or appropriate to ensure independent analysis and determinations. Additional information regarding our Compensation Committee and its meetings is included above under *Corporate Governance—Board Meetings and Committees*.

In making executive compensation determinations, our Compensation Committee performs an overall analysis of each executive's individual job performance, position, experience, and level of responsibilities, impact on the execution of our strategy, contributions to our corporate performance, job tenure and potential. The Compensation Committee relies on its general experience and subjective considerations of various factors, including our strategic business goals, information with respect to the peer group set forth below, proprietary and publicly available compensation surveys and data with respect to other public companies provided by our compensation consultant, Exequity.

Our Compensation Committee does not set specific targets or utilize any formulaic benchmarks for overall compensation or for allocations between fixed and performance-based compensation, cash and non-cash compensation or short-term and long-term compensation. In addition, our Compensation Committee uses proprietary and publicly available compensation surveys and data with respect to other public companies provided by Exequity to obtain a general understanding of current compensation practices, including to confirm that the base salary and other elements of target total compensation opportunity for our executive officers are at a market-competitive level.

Our Compensation Committee does not specifically target or benchmark in any formulaic manner any element of compensation or the total compensation payable to NEOs based on the foregoing factors.

Based on these objectives, our Compensation Committee has determined we should provide our executives with compensation packages comprising these primary elements:

1) annual base salary, which is designed to compensate our NEOs for their roles and responsibilities and to provide a secure level or guaranteed compensation;

2) annual cash incentive compensation, which is determined based on the achievement of objective financial performance and Strategic Business Goals established annually by our Compensation Committee; and

3) long-term equity-based incentive awards that vest partially based on the performance of the Company subject to negative or positive modification in accordance with our Company's rTSR, which strengthens the commonality of interests between executive officers and our stockholders, and partially based on the passage of time, which supports the retention of skilled NEOs who are incentivized to make decisions that support sustainable business operations and value creation over the long-term.

Benefits and perquisites play a limited role in our executives' total compensation packages. Our Compensation Committee believes that, as a result of our balance of long- and short-term incentives and our use of performance-based and time-based RSUs that provide a tie to our stockholders' interests and our stock ownership guidelines, our executive compensation programs currently serve our compensation philosophy and objectives well.

#### Role of Independent Compensation Consultant
Our Compensation Committee has engaged an independent compensation consultant, Exequity, to assist in reviewing compensation strategies and plans and to provide proprietary and publicly available compensation surveys and data with respect to other public companies. When requested, Exequity works

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directly with the Chair of our Compensation Committee and, as directed by the Chair of our Compensation Committee, with our CEO and other executive officers. Exequity representatives also attend Compensation Committee meetings when requested by the Compensation Committee. Exequity was selected due to its extensive experience in providing compensation consulting services and its status as a nationally-recognized advisor on executive and director compensation programs.

At our Compensation Committee's request, Exequity has from time to time performed compensation analyses, including peer and market comparisons, internal pay equity assessments, updating of the executive salary structure and modeling of executive compensation levels at different levels of Company performance. These analyses and input from Exequity have assisted our Compensation Committee in determining whether our strategies and plans were advisable based on the Company's current financial position and Strategic Business Goals, competitive with our peers and consistent with current practices in corporate governance and compensation design. Additional information regarding the engagement and independence of Exequity as independent compensation consultant to our Compensation Committee is included above under the heading *Corporate Governance—Board Meetings and Committees*.

#### Peer Group Review and Update
In 2022, at the request of our Compensation Committee, Exequity assessed and recommended adjustments with respect to our peer group selection methodology and composition. In reviewing the existing peer group, the Compensation Committee sought to identify which of the Company's 2021 peer group members were appropriate going forward.

In 2022, the Compensation Committee considered the recommendations of Exequity in its adoption of the following criteria for identifying appropriate companies to include in our peer group:

&nbsp;&nbsp;&nbsp;&nbsp;• Owners and operators of multi-state facilities and complex operations;

&nbsp;&nbsp;&nbsp;&nbsp;• Revenues of $1 billion to $6 billion;

&nbsp;&nbsp;&nbsp;&nbsp;• Greater than 10,000 employees;

&nbsp;&nbsp;&nbsp;&nbsp;• Market capitalization between $1 billion and $6 billion;

&nbsp;&nbsp;&nbsp;&nbsp;• Investment in fixed assets of $1.5 billion to $6 billion;

&nbsp;&nbsp;&nbsp;&nbsp;• Local competitors for executive talent;

&nbsp;&nbsp;&nbsp;&nbsp;• Dependence on the maintenance and development of a stable workforce and an emphasis on human dignity; and

&nbsp;&nbsp;&nbsp;&nbsp;• Future growth heavily dependent upon the acquisition or development of additional facilities.

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Applying the foregoing selection criteria and Exequity's recommendations for potential peer group companies, and considering the Company's overall compensation strategy, our Compensation Committee determined no changes to the Company's peer group were appropriate at the time. Therefore, the peer group used by our Compensation Committee for 2022 consisted of the following companies.

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| | |
|:---|:---|
| Acadia Healthcare Company, Inc. | Hilton Grand Vacations Inc. |
| American Campus Communities, Inc.<sup>(1)</sup> | Hyatt Hotels Corporation |
| Americold Realty Trust | Iron Mountain Incorporated |
| Boyd Gaming Corporation | Marriott Vacations Worldwide Corporation |
| Cinemark Holdings, Inc. | Mid-America Apartment Communities, Inc. |
| Encompass Health Corporation | Penn National Gaming, Inc. |
| The Ensign Group, Inc. | Red Rock Resorts, Inc. |
| Extended Stay America, Inc.<sup>(1)</sup> | Ryman Hospitality Properties, Inc. |
| FirstCash, Inc. | Sun Communities, Inc. |
| The GEO Group Inc. | Surgery Partners, Inc. |

---

<sup>(1)</sup> Due to subsequent acquisition-related activity these companies are no longer included in our peer group.

While none of our peer group companies met all the selection criteria above, each peer group company met three or more of the selection criteria. At the time the Compensation Committee reviewed the peer group, our revenue was at approximately the 49th percentile when compared with the revenue of our peers.

#### NEO Compensation for 2022

#### Components of NEO Compensation
The primary components of the 2022 compensation program for our NEOs were:

&nbsp;&nbsp;&nbsp;&nbsp;• Annual base salary;

&nbsp;&nbsp;&nbsp;&nbsp;• Annual cash incentive compensation; and

&nbsp;&nbsp;&nbsp;&nbsp;• Long-term incentive compensation consisting of RSU awards.

#### Annual Base Salary
We seek to provide base salaries for our executive officers that provide a secure level of guaranteed cash compensation in accordance with their experience, skills, performance, and job roles and responsibilities. Typically, in the second quarter of each year, our Compensation Committee reviews and, if applicable, approves an annual salary plan for our executive officers, taking into account several factors, including prior year's salary, responsibilities, tenure, individual performance, salaries paid by companies in our peer group for comparable positions, the Company's overall pay scale and the Company's recent and projected financial performance.

Our Compensation Committee also solicits the views and recommendations of our CEO, in consultation with our Chair, when setting the base salaries of the other executive officers, given their respective insight into internal pay equity and positioning matters, as well as executive performance. At a Compensation Committee meeting typically held in the second quarter of each year, our CEO summarizes his assessment of the performance during the previous year of each of the other executive officers. Our CEO, in consultation with our Chair, also provides his recommendations on any compensation adjustments. Our Compensation Committee approves any base salary adjustments for these executives based on factors

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#### **TABLE OF CONTENTS**
such as the competitive compensation analysis, our CEO's assessment of individual performance, the Company's performance, the location of the executive's current salary within the applicable salary range, general market conditions and internal pay equity considerations.

The process is similar for determining any base salary adjustments for our CEO, except our CEO does not provide our Compensation Committee with a recommendation. Our CEO presents a self-assessment of his performance during the year to our Compensation Committee, which then approves any base salary adjustment based on the factors described above with respect to our other executives. To the extent it deems necessary and appropriate, our Compensation Committee meets in executive sessions to discuss adjustments to the base salaries of our executive officers, including our CEO. Such adjustments typically take effect on or about July 1 of each year.

In 2022, base salary represented approximately 19.9% of our CEO's total direct compensation package (and, on average, approximately 24.9% of our other NEOs' total compensation package at target performance (calculated in the manner described on page [44](#taELE))). Specifically, the Compensation Committee considered each NEO's current base pay, taking into account base salary levels paid to persons holding similar positions at peer companies, as well as the relative responsibilities of each NEO role within our Company. Based on its review, the Compensation Committee determined that a 6.0% increase in Mr. Hininger's base salary was necessary to continue to maintain a market-competitive level of compensation for Mr. Hininger, taking into account his experience level and job responsibilities. The committee also increased the base salaries of the other NEOs by 6.0%, in order to maintain a market-competitive level of compensation for these executives, based on the review described above.

Based on its review of the factors described above, the Compensation Committee determined that the base salary amounts for the NEOs should be set at the following levels:

---

| | | |
|:---|:---|:---|
| **Name** | **2022** <br>**Base Salary** | **Percentage Change** <br>**from 2021** <br>**Base Salary** |
| Damon T. Hininger | $1046264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.0% |
| David M. Garfinkle | $551548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.0% |
| Patrick D. Swindle | $519740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.0% |
| Anthony L. Grande | $560850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.0% |
| Lucibeth N. Mayberry | $519740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.0% |

---

#### Annual Cash Incentive Plan
Our annual cash incentive plan provides our executive officers with an opportunity to earn cash compensation based on the extent to which objective performance targets set in advance by our Compensation Committee are met. In 2022**,** assuming performance at the target level of achievement, annual cash incentive compensation represented approximately 24.8% of our CEO's total compensation package and, on average, 24.8% of our other NEOs' total compensation packages (calculated in the manner described on page [44](#taELE)).

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In 2022, our Compensation Committee concluded the competitiveness of our annual cash incentive plan for attracting, retaining, and motivating qualified, knowledgeable, and talented executives, as well as its alignment with our capital allocation and growth strategies, would be sustained by:

&nbsp;&nbsp;&nbsp;&nbsp;• including Adjusted EBITDA (as described below) as a financial performance metric;

&nbsp;&nbsp;&nbsp;&nbsp;• linking a fixed percentage to the Company's success or failure in selling its McRae Correctional Facility, a facility we owned in
 Georgia that was expected to become idle following the expiration on November 30, 2022 of a contract with the BOP (as described below);

&nbsp;&nbsp;&nbsp;&nbsp;• subjecting the combined results of the two cash incentive metrics above to a modifier based on the achievement of Strategic
 Business Goals (as described below).

The Compensation Committee determined to use Adjusted EBITDA as a financial metric, because it is a primary metric used by the Company to assess performance and the Company's ability to service and repay debt (a strategic focus of the Board of Directors and management team following the Company's conversion from a REIT to a taxable C Corporation, effective January 1, 2021), and the Compensation Committee concluded that aligning incentive compensation with this metric would reinforce the Company's business strategies. Adjusted EBITDA is not impacted by taxes and short-term financing decisions, such as debt refinancing and equity issuances or repurchases that are not reflective of operating performance.

The Compensation Committee believes that the Adjusted EBITDA performance metric properly places focus on the Company's correctional, detention and residential reentry businesses conducted by the Safety segment and Community segment, as well as addresses the increasing importance of efficient and effective management of our Properties segment. Adjusted EBITDA is an amount calculated and presented on the basis of methodologies other than in accordance with GAAP. Please refer to Appendix A for further explanation and reconciliation of Adjusted EBITDA to net income, its most directly comparable GAAP measure.

Due to a 2021 executive order instructing the Department of Justice to reduce or eliminate the use of private prison contracts, our Company anticipated that the BOP would not renew its contract with CoreCivic to operate the McRae Correctional Facility in McRae, Georgia when that contract reached its expiration date on November 30, 2022. The Company recognized that the state of Georgia had a need for additional modern correctional capacity, a successful sale of the McRae Correctional Facility to the state of Georgia would demonstrate the value inherent in the Company's real estate portfolio, reduce the Company's idle correctional capacity, and generate additional free cash flow to support the Company's capital allocation strategy, while helping to modernize Georgia's correctional system by providing the State with needed correctional capacity. For these reasons, our Compensation Committee tied a portion of executive incentive compensation to the sale of the McRae Correctional Facility ("McRae Facility Sale").

Further, the Compensation Committee deemed it appropriate to cause any resulting cash bonus to which our NEOs were eligible to receive as a result of the two foregoing metrics (achievement of the performance targets established for Adjusted EBITDA and the McRae Facility Sale) to be subjected to a Strategic Business Goals modifier, which may increase or decrease such cash bonus depending on the level of achievement of the Strategic Business Goals established by the Compensation Committee.

The Compensation Committee adopted objective Strategic Business Goals as a performance modifier to the annual cash incentive compensation because our Compensation Committee believes that value is returned to our stockholders when we invest in the lives and futures of our workforce and those entrusted to our care by our government partners.

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Our Compensation Committee believes the addition of the Strategic Business Goals modifier strikes an appropriate balance in rewarding our executive officers for achieving positive financial results in the near-term, while strengthening their focus on the successful execution of our long-term growth strategy, as well as the development of both our workforce and those entrusted to our care by our government partners. Achievement of the Strategic Business Goals is determined by our Compensation Committee based on their assessment of our performance with respect to the Strategic Business Goals. For these reasons, the entirety of each NEO's annual cash incentive bonus opportunity for 2022 was subjected to a modifier tied to achievement of the following four goals:

&nbsp;&nbsp;&nbsp;&nbsp;• **Frontline Vacancy Rate Reduction.** Reduce frontline personnel vacancies by at least 6.25
 points as measured against the frontline personnel vacancy rate on December 31, 2021.

&nbsp;&nbsp;&nbsp;&nbsp;• **Diversity, Equity, and Inclusion (DEI) Non-Leader Development.** The Company's
 non-leadership employees throughout the organization will complete DEI training with a focus on conscious inclusion. For this goal, the Compensation Committee set a minimum target of having no fewer than 87.5% of its non-leadership
 employees complete DEI training with a focus on conscious inclusion to achieve the goal.

&nbsp;&nbsp;&nbsp;&nbsp;• **Human Rights Development.** The Company will require no fewer than 87.5% of its continuing
 employees to complete human rights training and will identify and adopt facility-level human rights progress metrics or key performance indicators.

&nbsp;&nbsp;&nbsp;&nbsp;• **Reentry Programs Growth and Performance.** The Company will (1) achieve a reduction in
 criminal thinking ("CT") in no less than 75% of the facilities offering cognitive-behavioral programming (such programming is aimed at changing anti-social attitudes and behaviors in offenders) as measured by a standardized and validated
 assessment instrument; (2) implement new academic or vocational programs at no fewer than three locations; (3) produce two white papers on reentry program effectiveness; and (4) partner with no fewer than five organizations to establish
 new reentry programs at our facilities. For this goal, the Compensation Committee required the Company to satisfy no fewer than three of the four conditions to achieve the goal.

The Strategic Business Goals modifier can increase or decrease the amount of annual cash incentive compensation calculated based on Adjusted EBITDA and the McRae Facility Sale, which could also result in annual cash incentive compensation above the maximums or below the minimums described below

![graphic](ny20006178x1_calculation.jpg)

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The table below sets forth the performance targets and corresponding percentage of base salary amounts to be awarded to our CEO and other NEOs based on the achievement of Adjusted EBITDA during the year ended December 31, 2022, as established by the Compensation Committee on February 16, 2022. Under this established framework, Adjusted EBITDA and the McRae Facility Sale metric determine the percentage of the annual cash incentive award before that award is adjusted upward or downward based on the achievement of Strategic Business Goals:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **2022 Annual Cash Incentive Opportunity** | **2022 Annual Cash Incentive Opportunity** | **2022 Annual Cash Incentive Opportunity** | **2022 Annual Cash Incentive Opportunity** | **2022 Annual Cash Incentive Opportunity** | **2022 Annual Cash Incentive Opportunity** | **2022 Annual Cash Incentive Opportunity** | **2022 Annual Cash Incentive Opportunity** |
| **Adjusted EBITDA** <br>**Target** | **Adjusted EBITDA** | **CEO** <br>**Bonus % of** <br>**Base Salary** | **Other NEO Bonus % of Base Salary** |  | **Sale of** <br>**McRae** <br>**Correctional Facility** | **CEO** <br>**Bonus %** <br>**of Base Salary** | **Other NEO** <br>**Bonus % of** <br>**Base Salary** |
| **Min** | $299552000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62.50% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50.00% |  | **Achieved** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31.25% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25.00% |
|  | $307040800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68.75% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55.00% |  | **Not Achieved** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00% |
|  | $314529600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75.00% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60.00% |  |  |  |  |
|  | $322018400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81.25% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65.00% |  |  |  |  |
|  | $329507200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87.50% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70.00% |  |  |  |  |
|  | $336996000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93.75% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75.00% |  |  |  |  |
|  | $344484800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100.00% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80.00% |  |  |  |  |
|  | $351973600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106.25% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85.00% |  |  |  |  |
|  | $359462400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112.50% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90.00% |  |  |  |  |
|  | $366951200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118.75% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95.00% | + |  |  |  |
| **Target** | $374440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125.00% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100.00% |  |  |  |  |
|  | $381928800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131.25% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105.00% |  |  |  |  |
|  | $389417600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137.50% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110.00% |  |  |  |  |
|  | $396906400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143.75% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115.00% |  |  |  |  |
|  | $404395200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150.00% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120.00% |  |  |  |  |
|  | $411884000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156.25% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125.00% |  |  |  |  |
|  | $419372800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162.50% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130.00% |  |  |  |  |
|  | $426861600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168.75% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135.00% |  |  |  |  |
|  | $434350400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175.00% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140.00% |  |  |  |  |
|  | $441839200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181.25% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145.00% |  |  |  |  |
| **Max** | $449328000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187.50% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150.00% |  |  |  |  |

---

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Under the annual cash incentive opportunity, a failure to achieve the minimum bonus level in the Adjusted EBITDA category or a failure to achieve the McRae Facility Sale results in zero bonus opportunity for that category. Similarly, achievement of performance above the maximum bonus level in the Adjusted EBITDA category results in a bonus opportunity at the maximum level only for that category. Assuming the achievement of Adjusted EBITDA at or above the minimum level, the percentage of salary awarded for performance falling between the listed achievement levels is determined by using straight-line interpolation. Because the McRae Facility Sale category is success or failure only, there is no means by which an NEO could exceed that measure or for the utilization of straight-line interpolation.

Cash incentive awards achieved under the 2022 Annual Cash Incentive Opportunity table above are further increased or decreased based upon the achievement of Strategic Business Goals established by our Compensation Committee on February 16, 2022 in accordance with the table below.

---

| | |
|:---|:---|
| **Strategic** <br>**Business** <br>**Goals Met** | **Strategic** <br>**Business Goals** <br>**Modifier** |
| None | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.8x |
| One | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.9x |
| Two | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.0x |
| Three | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.1x |
| Four | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.2x |

---

For 2022, we generated $315.7 million of Adjusted EBITDA, and we were successful in achieving the pass/fail target of the McRae Facility Sale goal. As a result, our CEO's annual cash incentive opportunity was 107.2% of base salary and our other NEOs' annual cash incentive opportunity was 85.8% of base salary, before the application of the Strategic Business Goals modifier. As indicated in the table below, the Compensation Committee determined that we achieved four of our Strategic Business Goals, which resulted in a Strategic Business Goals modifier of 1.2x.

The following table reflects our Compensation Committee's determination of the appropriate modifier based on Strategic Business Goals established by the Committee on February 16, 2022:

---

| | | | |
|:---|:---|:---|:---|
| **Strategic Business Goals Modifier** | **2022** <br>**Target** | **2022** <br>**Performance** | **Goal** <br>**Achieved?** |
| Reduce frontline vacancies<sup>(1)</sup> | Reduce by 6.25 pts. | 7.4 | Yes |
| DEI non-leader development<sup>(2)</sup> | 87.5% | 97% | Yes |
| Human rights development<sup>(3)</sup> | Yes | 2 | Yes |
| Reentry programs development<sup>(4)</sup> | Yes | 4 | Yes |
| Resulting Modifier |  |  | 1.2x |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The reported rate of 7.4 points exceeded the target reduction goal of 6.25 points set by our Compensation Committee.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The reported rate of non-leadership employees completing DEI training (with a focus on conscious inclusion) was 97%, which exceeded
 the target completion goal of 87.5% set by our Compensation Committee.

&nbsp;&nbsp;&nbsp;&nbsp;(3) The Company satisfied the criteria of both of the two goal components: (1) requiring no fewer than 87.5% of its continuing
 employees to complete human rights training and (2) identifying and adopting facility-level human rights progress metrics or key performance indicators. This met the criteria established by our Compensation Committee.

&nbsp;&nbsp;&nbsp;&nbsp;(4) The Company completed all of the four reentry goal components: (1) achieve a reduction in CT in no less than 75% of the facilities
 offering cognitive-behavioral programming as measured by a standardized and validated assessment instrument; (2) implement new academic or vocational programs at no fewer than three locations; (3) produce two white papers on reentry
 program effectiveness; and (4) partner with no fewer than five organizations to establish new reentry programs at our facilities. This met or exceeded the requirement established by our Compensation Committee.

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Based on our 2022 performance, the following annual cash incentive plan compensation was awarded to our NEOs in February 2023:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | **Calculation of Actual Cash Incentive Compensation** | **Calculation of Actual Cash Incentive Compensation** | **Calculation of Actual Cash Incentive Compensation** | **Calculation of Actual Cash Incentive Compensation** | **Calculation of Actual Cash Incentive Compensation** |
|  | <br>**2022** <br>**Target** <br>**Bonus** | **Adjusted EBITDA** <br>**Realized** <br>**CEO 76%** <br>**NEO 61%** | **McRae Sale** <br>**Realized** <br>**CEO 31.25%** <br>**NEO 25%** | **Strat** <br>**Bus.** <br>**Goals** | **2022** <br>**Cash Incentive** <br>**Compensation** | **2022** <br>**Cash Incentive** <br>**Compensation** |
|  | $**%** | $**%** | $**%** | $**(0.8x-1.2x)** | **%** | **$** |
| Hininger | 125.00% | 75.98% | 31.25% | &nbsp;&nbsp;&nbsp;&nbsp; 1.2x | 128.67% | $1305217 |
| Garfinkle | 100.00% | 60.78% | 25.00% | &nbsp;&nbsp;&nbsp;&nbsp; 1.2x | 102.94% | $550446 |
| Swindle | 100.00% | 60.78% | 25.00% | &nbsp;&nbsp;&nbsp;&nbsp; 1.2x | 102.94% | $518702 |
| Grande | 100.00% | 60.78% | 25.00% | &nbsp;&nbsp;&nbsp;&nbsp; 1.2x | 102.94% | $559731 |
| Mayberry | 100.00% | 60.78% | 25.00% | &nbsp;&nbsp;&nbsp;&nbsp; 1.2x | 102.94% | $518702 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The amounts in this column reflect the base salary actually paid by the Company to the NEO during the year and reflect, to the
 extent applicable, any changes in base salary during the year.

#### Long-Term Incentive Compensation
Our pay mix is weighted toward equity compensation because we believe long-term, equity-based incentive compensation strengthens and aligns the interests of our executive officers with our stockholders. Equity incentive awards are generally granted to our executive officers on an annual basis. In 2022, long-term equity incentive compensation represented approximately 50.9% of our CEO's total direct compensation package and, on average, approximately 47.8% of our other NEOs' total compensation package (calculated in the manner described on page [44](#taELE)).

#### Long-Term Equity Incentive Compensation Plan Components
Our long-term equity incentive plan components are:

#### Performance-Based RSUs
&nbsp;&nbsp;&nbsp;&nbsp;• Vest over a three-year period based on the achievement of an annual Normalized FFO performance target and subject to an rTSR
 modifier, which may positively or negatively adjust the number of performance-based RSUs vesting.

&nbsp;&nbsp;&nbsp;&nbsp;• Awards settled in stock, with cash dividends on RSUs, if any, being paid in cash only for RSUs that ultimately vest upon the
 achievement of performance targets.

&nbsp;&nbsp;&nbsp;&nbsp;• Granted to NEOs, executive officers and other vice presidents.

#### Time-Based RSUs
&nbsp;&nbsp;&nbsp;&nbsp;• Annual time-based RSU awards vest in equal amounts over three years beginning on the later of (i) the anniversary date of the
 grant or (ii) the delivery of the audited financial statements by the Company's independent registered public accountant for the applicable fiscal year (in the Company's filing of the Annual Report on Form 10-K).

&nbsp;&nbsp;&nbsp;&nbsp;• Awards settled in stock, with cash dividends on RSUs, if any, being paid in cash only for RSUs that ultimately vest.

&nbsp;&nbsp;&nbsp;&nbsp;• Granted to the NEOs as well as to other eligible employees.

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#### 2022 Long-Term Equity Incentive Compensation Awards
As part of its 2019 review of the executive compensation programs described above, the Compensation Committee discussed with Exequity the most appropriate way to motivate and retain our executives. The Compensation Committee believed it was important to continue to use RSU awards instead of stock options to better align the interest of our executives with our stockholders, to encourage executive retention and to conform to compensation practices which provide for granting of both time-based and performance-based equity awards to executive officers.

As a result of these discussions, the Compensation Committee made the decision to structure long-term equity incentive compensation awards in 2022 as a combination of performance-based RSUs and time-based RSUs. Our Compensation Committee considered many factors in determining the mix and value of the time-based and performance-based RSUs to be granted to our NEOs. Factors considered included our financial performance, our progress in the successful execution of our capital allocation and growth strategies, competitive market practices, internal pay equity, executive recruitment and retention, our focus on equity compensation in our pay mix to encourage long-term value creation, and the volatile nature of the stock market in general and the Company's common stock in particular. In addition, the Compensation Committee sought to transition from its previous approach, which amounted to an "all-or-nothing" RSU vesting to a design that created a range of upside and downside risk for our NEOs, thereby providing an incentive to maximize the value of our common stock even when our executives earn less than the targeted equity compensation. Performance-based RSUs create substantial upside opportunity in that vesting depends on the achievement of targets aligned with the Company's business strategy, while time-based RSUs offer a level of predictability in that they vest in accordance with a preset schedule so long as the grantee remains employed at the time of vesting. Both performance-based and time-based RSUs offer upside and downside potential because each type of RSU is tied to our stock price and each offers the opportunity to accrue dividend equivalents before vesting (if dividends are distributed), but are not paid until vesting, and then only to the extent the associated performance-based RSUs or time-based RSUs vest and the underlying shares are issued (see *Compensation Discussion and Analysis—NEO Compensation for 2022—Dividend Equivalent Rights*). Utilizing both types of RSUs closely aligns our CEO and other NEOs with the long-term interests of our stockholders.

The Compensation Committee believed the use of Normalized FFO as a performance metric for purposes of our performance-based RSUs reflects the value we deliver to our stockholders, as well as the earnings and cash-generating potential of our portfolio and is comparable to performance metrics used by real estate operating companies. See *Compensation Discussion and Analysis—2022 Performance-Based RSU Awards (2022-2024 Performance Period).* Additionally, by subjecting the performance-based RSUs to the rTSR modifier, the Compensation Committee effected a change designed to better align NEO long-term compensation more fully with the market results experienced by investors.

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#### **TABLE OF CONTENTS**
As a result of the determination discussed above, on February 16, 2022, the Committee made the following long-term incentive compensation awards to the NEOs in the form of time-based RSUs and performance-based RSUs:

---

| | | | |
|:---|:---|:---|:---|
| **Name** | **2022 Performance-**<br>**Based RSUs Granted ⁽¹⁾** | **2022 Time-Based** <br>**RSUs Granted ⁽²⁾** | **Grant Date** <br>**Fair Value ⁽³⁾** |
| Damon T. Hininger | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105691 | $2600005 |
| David M. Garfinkle | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50813 | $999996 |
| Patrick D. Swindle | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50813 | $999996 |
| Anthony L. Grande | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50813 | $999996 |
| Lucibeth N. Mayberry | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50813 | $999996 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The performance-based RSUs vest annually in three anniversary tranches subject to the achievement of the annual Normalized FFO
 performance target, and further subject to an rTSR modifier. Based on Normalized FFO performance, our NEOs are eligible to earn as high as 150% of the original grant value, subject to adjustment by an rTSR modifier, which may positively
 or negatively adjust the number of performance-based RSUs vesting, or as low as 0% of the original grant value if the threshold performance metric is not achieved.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The time-based RSUs vest in equal amounts over three years on the later of (i) the anniversary date of the grant or (ii) the
 delivery of the audited financial statements by the Company's independent registered public accountant for the applicable fiscal year (in the Company's filing of the Annual Report on Form 10-K).

&nbsp;&nbsp;&nbsp;&nbsp;(3) The grant date fair value was calculated using a Monte Carlo valuation of $10.98 per share for the performance-based RSUs and a
 closing share price of $9.84 per share for the time-based RSUs, in each case, as of the respective grant date. The amounts presented above do not include the impact of the rTSR modifier.

The grant date fair value of performance-based RSUs awarded to NEOs in 2022 was consistent with the RSUs awarded in 2021.

#### 2022 Time-Based RSU Awards
The time-based RSUs granted to the NEOs reflected in the table above vest in equal amounts over three years on the later of (i) the anniversary date of the grant or (ii) the delivery of the audited financial statements by the Company's independent registered public accountant for the applicable fiscal year (in the Company's filing of the Annual Report on Form 10-K). The Compensation Committee believes the amount of the time-based RSUs granted to our NEOs was appropriate given our compensation philosophy and objectives, including our retention objectives. In 2022, time-based RSUs represented approximately 20.4% of our CEO's total compensation package, and on average, 23.9% of our other NEOs' total compensation package (calculated in the manner described on page [44](#taELE)).

#### Peer Group for Determining rTSR Modifier for Performance-Based RSU Awards
In setting the performance goal for the performance-based RSU awards for 2022, our Compensation Committee, consistent with its approach in 2021 following the Company's transition to a taxable C corporation, evaluated whether the Russell 2000 was the appropriate rTSR comparator peer group for the Company in 2022. Because the Russell 2000 measures the performance of the smallest 2,000 members of the Russell Index based on market cap and covers a broad array of industries, the Committee reasoned that the Russell 2000 continues to provide a useful comparison source that is both reflective of broader market performance and investor expectation.

On February 16, 2022, our Compensation Committee, utilizing the same rTSR comparator group in 2021, established a two-year rTSR performance period (2021-2022) for the vesting of the first tranche of NEO RSU awards made in 2022 as well as for the vesting of the second tranche of RSU awards made in 2021 and for vesting of the third tranche of RSU awards made in 2020.

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#### 2022 Performance-Based RSU Awards (2022-2024 Performance Period)
In 2022, after taking into account the dynamic nature of our Company's business, industry and growth strategy, the Compensation Committee elected to establish an annual Normalized FFO performance target for the first award tranche. The Compensation Committee established the vesting targets for the 2022 Performance Period on February 16, 2022, in accordance with the following table. Failure to achieve the minimum Normalized FFO performance target in a particular year results in no RSUs vesting and the forfeiture of that year's tranche of performance-based award. Additionally, the amount of RSUs that will ultimately vest based on the Normalized FFO targets in the table below will be adjusted positively or negatively based on the rTSR modifier.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **2022** <br>**Normalized** <br>**FFO<sup>(1)</sup>** | **Normalized** <br>**FFO** <br>**Modifier** |  | **2022** <br>**Normalized** <br>**FFO<sup>(1)</sup>** | **Normalized** <br>**FFO** <br>**Modifier** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50.00% | **Minimum** | &nbsp;&nbsp;&nbsp;&nbsp; $1.70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100.00% | **Target** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51.47% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.71 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101.47% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52.94% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.72 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102.94% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54.41% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.73 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104.41% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55.88% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.74 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105.88% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57.35% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107.35% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58.82% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.76 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108.82% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60.29% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.77 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110.29% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61.76% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.78 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111.76% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63.24% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.79 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113.24% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64.71% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114.71% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66.18% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.81 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116.18% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67.65% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117.65% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69.12% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.83 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119.12% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70.59% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.84 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120.59% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72.06% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122.06% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73.53% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.86 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123.53% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75.00% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.87 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125.00% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76.47% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.88 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126.47% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77.94% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.89 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127.94% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79.41% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129.41% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80.88% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130.88% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82.35% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.92 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132.35% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.59 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83.82% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.93 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133.82% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85.29% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.94 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135.29% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86.76% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136.76% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88.24% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.96 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138.24% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89.71% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.97 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 139.71% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.64 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91.18% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.98 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141.18% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92.65% |  | &nbsp;&nbsp;&nbsp;&nbsp; $1.99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142.65% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94.12% |  | &nbsp;&nbsp;&nbsp;&nbsp; $2.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144.12% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.67 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95.59% |  | &nbsp;&nbsp;&nbsp;&nbsp; $2.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145.59% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.68 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97.06% |  | &nbsp;&nbsp;&nbsp;&nbsp; $2.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147.06% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.69 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98.53% |  | &nbsp;&nbsp;&nbsp;&nbsp; $2.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148.53% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100.00% | **Target** | &nbsp;&nbsp;&nbsp;&nbsp; $2.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150.00% | Maximum |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Normalized FFO is an amount calculated and presented on the basis of methodologies other than in accordance with GAAP. Please refer
 to Appendix A for further explanation and reconciliation of Normalized FFO to net income, its most directly comparable GAAP measure.

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At the same time our Compensation Committee established the Normalized FFO performance targets for the 2022 Performance Period, the Compensation Committee also established the following rTSR modifier levels, which positively or negatively modify any Normalized FFO performance achieved based on the table below.

---

| | |
|:---|:---|
| **rTSR Percentile** | **Modifier<sup>(1)(2)</sup>** |
| 25<sup>th</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.8x |
| 50<sup>th</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.0x |
| 75<sup>th</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.2x |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) In the event that the Company's absolute TSR for the performance period is less than zero, the rTSR modifier shall not exceed 1.0x
 for the performance period.

&nbsp;&nbsp;&nbsp;&nbsp;(2) If the applicable rTSR percentile performance falls between the listed rTSR percentiles, straight-line interpolation is used to
 determine the applicable modifier.

As described above, for 2022, our Company's rTSR was calculated based on the TSRs of the companies comprising the Russell 2000. The Compensation Committee chose this comparison group as it believes that it represents the most appropriate set of companies on which to base the Company's rTSR performance. The Committee believes that calculating rTSR against the companies comprising the Russell 2000 provides a more comprehensive comparison of our share price performance than our compensation peer group which is comprised of a narrower industry base and a limited number of companies. The Compensation Committee also believes that comparing our Company's shareholder return against the shareholder return of the companies in this group closely aligns this key compensation metric with the expectations of investors in small cap companies.

For 2022, our Company achieved a Normalized FFO of $1.39, which resulted in the achievement of a Normalized FFO performance of 54.41%.

The Company's two-year (2021-2022) rTSR performance of 62.6% landed above the third quartile, resulting in an rTSR modifier of 1.2x. As a result of the application of the rTSR modifier, the number of 2022 performance-based RSUs that actually vested amounted to 65.3% of the original grant amount, or 120% of the Normalized FFO performance achieved of 54.41%.

The Compensation Committee believed the amount of these awards was appropriate given our compensation philosophy and objectives. The Compensation Committee believed that the effect of the combined Normalized FFO and rTSR calculations properly rewarded our CEO and other NEOs because the rTSR modifier further increased the impact of Normalized FFO performance on CEO and NEO equity incentive awards. Finally, the Compensation Committee determined the modifier was appropriate because it rewards the NEOs for the Company's stock performance when compared to the Russell 2000. In 2022, performance-based RSUs represented approximately 30.5% of our CEO's total compensation package, and on average, 23.9% of our other NEOs' total compensation package (calculated in the manner described on page [44](#taELE)).

#### Outstanding 2021 Performance-Based RSU Awards (2021-2023 Performance Period)
The second tranche of performance-based RSUs granted in 2021 are subject to the same Normalized FFO modifier of 54.41% described above and the same two-year rTSR modifier of 1.2x described above. The Compensation Committee determined that using a two-year rTSR modifier for the second tranche of the 2021 RSUs was appropriate due to the Company's substantial revision of its rTSR comparator group from publicly traded REITs with revenues between $1 billion and $6 billion to the Russell 2000 following our

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conversion from a REIT to a taxable C Corporation in 2021. As a result of the application of the two-year rTSR modifier, the number of the second tranche of 2021 performance-based RSUs that actually vested amounted to 65.3% of the original grant amount, or 120% of the Normalized FFO performance achieved of 54.41%.

#### Outstanding 2020 Performance-Based RSU Awards (2020-2022 Performance Period)
The third tranche of performance-based RSUs granted in 2020 are subject to the same Normalized FFO modifier of 54.41% described above and the same two-year rTSR modifier of 1.2x described above. The Compensation Committee determined that using a two-year rTSR modifier for the final third of the 2020 RSUs was appropriate due to the Company's substantial revision of its rTSR comparator group from publicly traded REITs with revenues between $1 billion and $6 billion to the Russell 2000 following our conversion from a REIT to a taxable C Corporation in 2021. As a result of the application of the two-year rTSR modifier, the number of the third tranche of 2020 performance-based RSUs that actually vested amounted to 65.3% of the original grant amount, or 120% of the Normalized FFO performance achieved of 54.41%.

***Vesting of 2020-2022 Time-Based RSUs Based on the Passage of Time and 2020-2022 Performance-Based RSUs Based on 2022 Performance. As set forth in the table below, as a result of our Normalized FFO performance of $1.39 for 2022, and the application of the applicable rTSR modifier of 1.2x described above, the 2022 performance period tranches for outstanding performance-based RSUs granted in 2020, 2021 and 2022 vested in the amounts set forth below. In accordance with the terms of the awards, the vesting occurs and shares are issued on the later of (i) delivery of the audited financial statements by the Company's independent registered public accountant for the applicable fiscal year (in the Company's filing of the Annual Report on Form 10-K) and (ii) the applicable anniversary of the grant date. Additionally, as set forth in the table below, the 2022 period tranches for the time-based and performance-based RSUs granted in 2020, 2021 and 2022 vested on February 21, 2023.***

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **'22 TBRSUs<sup>(1)</sup>**<br>**Vesting** <br>**in '23** | **'21 TBRSUs<sup>(1)</sup>** <br>**Vesting** <br>**in '23** | **'20 TBRSUs<sup>(1)</sup>** <br>**Vesting** <br>**in '23** | **'22 PBRSUs<sup>(2)</sup>** <br>**Vesting per '22** <br>**Performance** <br>**in '23** | **'21 PBRSUs<sup>(2)</sup>** <br>**Vesting per '22** <br>**Performance** <br>**in '23** | **'20 PBRSUs<sup>(2)</sup>** <br>**Vesting per '22** <br>**Performance** <br>**in '23** |
| Damon T. Hininger | &nbsp;&nbsp;&nbsp;&nbsp; 35230 | &nbsp;&nbsp;&nbsp;&nbsp; 45614 | &nbsp;&nbsp;&nbsp;&nbsp; 20685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19866 |
| David M. Garfinkle | &nbsp;&nbsp;&nbsp;&nbsp; 16937 | &nbsp;&nbsp;&nbsp;&nbsp; 21929 | &nbsp;&nbsp;&nbsp;&nbsp; 9945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6368 |
| Patrick D. Swindle | &nbsp;&nbsp;&nbsp;&nbsp; 16937 | &nbsp;&nbsp;&nbsp;&nbsp; 21929 | &nbsp;&nbsp;&nbsp;&nbsp; 9945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6368 |
| Anthony L. Grande | &nbsp;&nbsp;&nbsp;&nbsp; 16937 | &nbsp;&nbsp;&nbsp;&nbsp; 21929 | &nbsp;&nbsp;&nbsp;&nbsp; 9945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6368 |
| Lucibeth N. Mayberry | &nbsp;&nbsp;&nbsp;&nbsp; 16937 | &nbsp;&nbsp;&nbsp;&nbsp; 21929 | &nbsp;&nbsp;&nbsp;&nbsp; 9945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6368 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) "TBRSUs" refers to time-based restricted stock units as described in the section of this Proxy titled *2022 Long-Term Equity Incentive Compensation Awards*.

&nbsp;&nbsp;&nbsp;&nbsp;(2) "PBRSUs" refers to performance-based restricted stock units as described in the section of this Proxy titled *2022 Long-Term Equity Incentive Compensation Awards*.

***Dividend Equivalent Rights. The performance-based RSUs and time-based RSUs have associated dividend equivalent rights that are earned based on cash dividends, if any, paid by the Company while the award is unvested and outstanding. The dividend equivalent rights, if any, are paid in cash, and do not vest and are not paid unless and until, and then only to the extent, the associated performance-based RSUs or time-based RSUs vest and the underlying shares are issued. This further aligns the executive officer's interests with our stockholders, encourages dividend growth performance and does not result in payment of any unearned compensation. The Company has not declared a dividend since the payment of our first quarter dividend in 2020. In August 2020, our Board unanimously voted to discontinue our quarterly dividend and prioritize allocating our free cash flow to reduce debt levels. Any future dividend is subject to our Board's determinations as to the amount and timing thereof, as well as limitations under the Company's debt covenants.***

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#### Substantial Compensation Tied to Our Objective Performance
RSUs granted in 2022 comprised both performance-based RSUs that vest based on the achievement of an annually set Normalized FFO performance target, subject to a positive or negative adjustment by an rTSR modifier, and time-based RSUs that vest ratably over three years. In 2022, our annual cash incentives were earned based upon our objective performance against a pre-established financial performance target (Adjusted EBITDA) and a pass/fail business target (McRae Facility Sale) and modified positively or negatively based on our achievement of objective Strategic Business Goals. As a result, a substantial portion of executive compensation is at risk, paid based on our objective performance and tied to the interests of our stockholders and long-term value creation.

#### Non-Direct Compensation

#### Severance and Change in Control Benefits
We believe reasonable severance and change in control benefits are necessary in order to recruit and retain effective senior managers. These severance benefits reflect the fact that it may be difficult for such executives to find comparable employment within a short period of time and are a product of a generally competitive recruiting environment within our industry. We also believe a change in control arrangement will provide an executive security that will likely reduce any reluctance of an executive to pursue a change in control transaction that could be in the best interests of our stockholders. In addition, we have sought to maintain a high level of consistency in the contractual terms applicable to all members of the executive team. We maintain employment agreements with each of our executive officers that provide cash severance equal to one year of their then-current annual base salary for termination of employment by the Company without "cause" or resignation for "good reason," and a double trigger payment of 2.99 times their base salary, plus certain other benefits, in the event of termination of the executive's employment by the Company without "cause" or resignation for "good reason" in connection with a "change in control."

The executive employment agreements and the potential costs in the event of a change in control are reviewed periodically by our Compensation Committee, which remains informed with respect to developments and suggested best practices in compensation structure and design. In 2020, we undertook a review of the provisions of the executive employment agreements (including protections provided in the event of a change in control, compliance with applicable law and provisions related to post-termination non-competition, non-solicitation, confidentiality, and non-disclosure) and, effective January 1, 2021, we entered into new employment agreements with each of our then-current senior executives. The employment agreements provide for an initial term expiring December 31, 2022, with automatic renewal for an additional year absent notice of nonrenewal by the Company or the executive at least 60 days in advance of the expiration of the initial term. Pursuant to those terms, all the current executive officers' employment agreements were automatically renewed for a one-year period expiring December 31, 2023.

The new agreements also implement revised confidentiality, non-disclosure, non-competition, and non-solicitation provisions. Each of these agreements provides for a minimum annual salary. In addition, during the term, the executives are eligible to participate in all compensation or employee benefit plans or programs maintained by the Company for the benefit of its salaried employees or senior executives from time to time. These plans and programs may include health and life insurance. In addition, during the term, these agreements provide for reimbursement for certain professional and civic memberships that are approved in advance by the Company. Each of the employment agreements provides for severance benefits, which are described above and more fully discussed under the heading *Compensation Discussion and Analysis—Potential Payments Upon Termination or Change in Control* in this Proxy Statement.

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Under our equity award agreements, all outstanding equity awards would accelerate upon a change in control. Our Compensation Committee believes the single trigger equity acceleration encourages management to stay committed towards any potential transaction that may be in the best interests of our stockholders. For a detailed discussion of potential severance and change in control benefits, see *Compensation Discussion and Analysis—Potential Payments Upon Termination or Change in Control*, beginning on page [71](#tEXE14) of this Proxy Statement.

#### Perquisites and Other Benefits
The Company has paid relocation expenses, either in the form of reimbursement or a lump sum payment, to the NEOs who have relocated to Nashville, Tennessee in order to assume their positions with the Company. We permit limited tax gross up payments to our executives to cover the income tax associated with the taxable portions (if any) of such relocation reimbursement payments.

The NEOs are also eligible for benefits generally available to and on the same terms as the Company's employees who are exempt for purposes of the Fair Labor Standards Act, including health insurance, short-term disability insurance and dental insurance. Additionally, the Company pays supplemental life and long-term disability insurance premiums for the NEOs. Pursuant to their employment agreements and in order to encourage community involvement, the NEOs are also eligible for reimbursement for certain civic and professional memberships that are approved in advance. We also pay for physicals for executive officers up to $3,500 per individual on an annual basis and provide an optional concierge physician service benefit up to $3,000 per year to our officers, including our executive officers. We also reimburse our NEOs for certain wellness memberships.

#### Retirement Plans
The Company maintains a qualified 401(k) plan. The Company matches a percentage of eligible employee contributions to our 401(k) Plan. Employer matching contributions are made in cash on a dollar-for-dollar basis up to 5% of the employee's base salary and are 100% vested immediately.

The Company also maintains a nonqualified deferred compensation plan covering our executive officers and certain key employees (the "Executive Deferred Compensation Plan"). Under the terms of the Executive Deferred Compensation Plan, participants are eligible to defer up to 50% of their annual base salary and 100% of their cash incentive bonus each plan year. The Company, in its discretion, may make matching contributions to the plan. Currently, the Company makes matching contributions equal to 100% of amounts deferred up to 5% of total cash compensation. The matching contribution is credited on a monthly basis but is reduced at the end of the plan year for any matching amounts contributed to the participant's 401(k) account. Any compensation deferred and matching contributions, if any, earn a return based on a fixed rate that is established by the Company based on the return received by the Company on certain investments designated as a funding mechanism for meeting its obligations under the Executive Deferred Compensation Plan. Participants are 100% vested in amounts deferred under the Executive Deferred Compensation Plan and earnings on those amounts, while the matching contributions vest 20% after two years of service, 40% after three years of service, 80% after four years of service and 100% after five years of service, subject to accelerated vesting in the event of a change in control, death, disability, or retirement (age 62).

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#### Guidelines and Policies

#### Executive Officer Stock Ownership Guidelines
We maintain stock ownership guidelines applicable to our executive officers and non-executive directors. The stock ownership guidelines are designed to align the economic interests of executive officers and our Board with those of stockholders and to discourage excessive risk-taking by management and directors. Under these guidelines, each of our executive officers is expected to own a fixed number of shares of the Company's common stock equal to three times such executive officer's base salary on his or her hire or promotion date divided by the Company's closing common stock price, as reported by the NYSE, on such date. Executive officers are expected to achieve these ownership levels, subject to a limited hardship exemption, within five years following their date of hire or promotion. *See Executive and Director Compensation—Guidelines and Policies—Executive Officer Stock Ownership Guidelines* and *Executive and Director Compensation—Director Compensation—Director Stock Ownership Guidelines.*

The following rules are used in determining share ownership of our executive officers and directors under the guidelines:

&nbsp;&nbsp;&nbsp;&nbsp;• shares of common stock owned outright by the executive officer or director and his or her immediate family members who share the
 same household, whether held individually or jointly;

&nbsp;&nbsp;&nbsp;&nbsp;• shares of restricted stock or RSUs where the restrictions have lapsed, even though such shares may be subject to an election made
 by the holder to defer receipt of the shares; and

&nbsp;&nbsp;&nbsp;&nbsp;• shares held in trusts or other legal entities established for estate planning purposes with respect to which the executive officer
 or director retains beneficial ownership (due to complexities of these arrangements, requests to include shares held in such arrangements must be reviewed and approved by our Compensation Committee).

Based on a review of such programs at Fortune 500 companies, our Board determined that the Company's ownership requirements were fair, yet challenging, and that five years was a reasonable time period during which executives and directors would be able to comply. Our Board believes these ownership guidelines encourage executive officers of the Company and the Board to act in the long-term interests of our stockholders, while discouraging excessive risk-taking.

Our guidelines and the compliance status of our NEOs as of the last quarterly review date of February 22, 2023, are shown in the table below:

---

| | | | |
|:---|:---|:---|:---|
| **Name** | **Shares Required** <br>**by Guidelines** | **Number of** <br>**Shares Held** | **Compliance** <br>**Deadline** |
| Damon T. Hininger | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 547952 | &nbsp;&nbsp;&nbsp;&nbsp; 10/15/2014 |
| David M. Garfinkle | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 264806 | &nbsp;&nbsp;&nbsp;&nbsp; 5/1/2019 |
| Patrick D. Swindle | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132752 | &nbsp;&nbsp;&nbsp;&nbsp; 1/1/2023 |
| Anthony L. Grande | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101170 | &nbsp;&nbsp;&nbsp;&nbsp; 8/21/2013 |
| Lucibeth N. Mayberry | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178364 | &nbsp;&nbsp;&nbsp;&nbsp; 11/1/2018 |

---

#### Grant Timing Policy
&nbsp;&nbsp;&nbsp;&nbsp;• Grants of equity awards for executive officers are typically made on the date of the February Compensation Committee meeting,
 after our Compensation Committee has had the opportunity to review full year results for the prior year and consider anticipated results for the current year.

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&nbsp;&nbsp;&nbsp;&nbsp;• Our Compensation Committee occasionally approves additional equity awards in certain special circumstances, such as upon an
 executive officer's initial employment with the Company, the promotion of an executive officer to a new position or in recognition of special contributions made by an executive officer. For grants to executive officers, all such grants
 are approved by our Compensation Committee with an effective date of grant on or after the date of such approval. If the grant date is after the date of approval, it is on a date that is specified by our Compensation Committee at the time
 of approval.

&nbsp;&nbsp;&nbsp;&nbsp;• The Company strives to ensure equity grants are made following the public release of important information such as year-end
 results or anticipated results for the succeeding year.

#### Deductibility of Executive Compensation
Section 162(m) of the Code limits the tax deductibility of compensation over $1.0 million paid to certain executive officers of the Company. Prior to the 2017 enactment of the Tax Cuts and Jobs Act (the "TCJA"), Section 162(m) provided an exemption from the deduction limitation for compensation that constituted "qualified performance-based compensation." The TCJA, however, repealed the exemption for "qualified performance-based compensation," effective for taxable years beginning after December 31, 2017, subject to transitional relief for certain arrangements in place as of November 2, 2017. This change, among others, has caused more of the compensation we pay to our executive officers to be non-deductible under Section 162(m) and has eliminated our ability to structure performance-based awards to be exempt from the Section 162(m) limitations.

In designing our executive compensation program and determining the compensation of our executive officers, the Compensation Committee considers multiple factors, including the potential impact of the deduction limitation contained in Section 162(m). However, the Compensation Committee will not necessarily limit executive compensation to that which is or may be deductible under Section 162(m). The deductibility of some types of compensation depends upon the timing of an executive officer's vesting or exercise of previously granted rights. Additionally, interpretations of and changes in the tax laws, and other factors beyond the Compensation Committee's control will also affect the deductibility of compensation. The Compensation Committee will consider alternative arrangements to preserve the deductibility of compensation payments and benefits to the extent consistent with its compensation goals and will continue to monitor any developments regarding Section 162(m).

To maintain flexibility to compensate our executive officers in a manner designed to promote our short-term and long-term corporate goals, the Compensation Committee has not adopted a policy that all compensation must be deductible. The Compensation Committee believes our stockholders' interests are best served if its discretion and flexibility in awarding compensation is not restricted, even though some compensation awards may result in a non-deductible compensation expense.

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#### Compensation Committee Report
*The following Report of the Compensation Committee does not constitute soliciting material and should not be deemed filed or incorporated by reference into any other Company filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent the Company specifically incorporates this Report by reference therein.* 

Our Compensation Committee has reviewed and discussed the *Compensation Discussion and Analysis* set forth above with our management. Taking this review and discussion into account, the undersigned Committee members recommended to our Board that our Board approve the inclusion of the *Compensation Discussion and Analysis* in our Proxy Statement on Schedule 14A for filing with the SEC.

Submitted by the Compensation Committee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Robert J. Dennis, Chair

Mark A. Emkes

Anne L. Mariucci

John R. Prann, Jr.

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#### Summary Compensation Table
The following table summarizes the compensation earned or paid to our NEOs for service in the fiscal years ended December 31, 2022, 2021 and 2020:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name and Principal Position** | **Year** | **Salary** <br>**($)** | **Stock** <br>**Awards** <br>**($)<sup>(1)</sup>** | **Non-Equity** <br>**Incentive** <br>**Plan** <br>**Compensation** <br>**($)<sup>(2)</sup>** | **Change in** <br>**Non- qualified** <br>**Deferred** <br>**Compensation** <br>**Earnings** <br>**($)<sup>(3)</sup>** | **All Other** <br>**Compensation** <br>**($)<sup>(4)</sup>** | **Total** <br>**($)** |
| **Damon T. Hininger** | 2022 | $1014374 | $2600005 | &nbsp;&nbsp; $1305217 | &nbsp;&nbsp;&nbsp;&nbsp; $77723 | &nbsp;&nbsp;&nbsp;&nbsp; $162422 | $5159741 |
| &nbsp;&nbsp;&nbsp;&nbsp; President & | 2021 | $963540 | $2600002 | &nbsp;&nbsp; $1694859 | &nbsp;&nbsp;&nbsp;&nbsp; $85678 | &nbsp;&nbsp;&nbsp;&nbsp; $101237 | $5445316 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer | 2020 | $940040 | $2600000 | &nbsp;&nbsp; $658978 | &nbsp;&nbsp;&nbsp;&nbsp; $55536 | &nbsp;&nbsp;&nbsp;&nbsp; $150897 | $4405451 |
| **David M. Garfinkle** | 2022 | $534737 | $999996 | &nbsp;&nbsp; $550446 | &nbsp;&nbsp;&nbsp;&nbsp; $13106 | &nbsp;&nbsp;&nbsp;&nbsp; $37841 | $2136126 |
| &nbsp;&nbsp;&nbsp;&nbsp; Executive Vice President & | 2021 | $507940 | $999993 | &nbsp;&nbsp; $714770 | &nbsp;&nbsp;&nbsp;&nbsp; $15694 | &nbsp;&nbsp;&nbsp;&nbsp; $34824 | $2273221 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer | 2020 | $495551 | $1000003 | &nbsp;&nbsp; $277910 | &nbsp;&nbsp;&nbsp;&nbsp; $10839 | &nbsp;&nbsp;&nbsp;&nbsp; $34480 | $1818783 |
| **Patrick D. Swindle** | 2022 | $503899 | $999996 | &nbsp;&nbsp; $518702 | &nbsp;&nbsp;&nbsp;&nbsp; $697 | &nbsp;&nbsp;&nbsp;&nbsp; $63722 | $2087016 |
| &nbsp;&nbsp;&nbsp;&nbsp; Executive Vice President & | 2021 | $475357 | $999993 | &nbsp;&nbsp; $668919 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $28753 | $2173022 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chief Operating Officer | 2020 | $460394 | $1000003 | &nbsp;&nbsp; $258193 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $28223 | $1746813 |
| **Anthony L. Grande** | 2022 | $543757 | $999996 | &nbsp;&nbsp; $559731 | &nbsp;&nbsp;&nbsp;&nbsp; $21921 | &nbsp;&nbsp;&nbsp;&nbsp; $84263 | $2209668 |
| &nbsp;&nbsp;&nbsp;&nbsp; Executive Vice President & | 2021 | $516506 | $999993 | &nbsp;&nbsp; $726823 | &nbsp;&nbsp;&nbsp;&nbsp; $36385 | &nbsp;&nbsp;&nbsp;&nbsp; $58184 | $2337891 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chief Development Officer | 2020 | $503908 | $1000003 | &nbsp;&nbsp; $282595 | &nbsp;&nbsp;&nbsp;&nbsp; $30099 | &nbsp;&nbsp;&nbsp;&nbsp; $79212 | $1895817 |
| **Lucibeth N. Mayberry** | 2022 | $503899 | $999996 | &nbsp;&nbsp; $518702 | &nbsp;&nbsp;&nbsp;&nbsp; $11662 | &nbsp;&nbsp;&nbsp;&nbsp; $38546 | $2072805 |
| &nbsp;&nbsp;&nbsp;&nbsp; Executive Vice President, | 2021 | $475357 | $999993 | &nbsp;&nbsp; $668919 | &nbsp;&nbsp;&nbsp;&nbsp; $13965 | &nbsp;&nbsp;&nbsp;&nbsp; $30521 | $2188755 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate | 2020 | $460394 | $1000003 | &nbsp;&nbsp; $258193 | &nbsp;&nbsp;&nbsp;&nbsp; $9644 | &nbsp;&nbsp;&nbsp;&nbsp; $29986 | $1758220 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The amounts shown in this column represent the aggregate grant date fair value of performance-based RSUs and time-based RSUs
 granted during the given year calculated in accordance with FASB ASC Topic 718. Beginning in 2020, the Compensation Committee began granting a mix of performance-based RSUs and time-based RSUs. Amounts in this column for 2020-2022 include
 the target amount awarded by the Compensation Committee for the first, second and third tranches of performance-based RSU's granted in 2020-2022, which vest annually in three anniversary tranches subject to the achievement of annual
 Normalized FFO performance targets established at the beginning of each year. In addition, as discussed on page [56](#taLT) under the heading *Compensation Discussion and Analysis—Long-Term Incentive Compensation* in this Proxy Statement, the 2020-2022 performance-based RSUs are also subject to an rTSR modifier, which increases or reduces the number of performance-based RSUs vesting in accordance with the table
 presented on page [60](#tO2021) of this Proxy Statement (the amounts presented above do not include the impact of the rTSR modifier). The table below presents the grant date fair value of the 2022 time-based RSUs and the 2022
 performance-based RSUs (the amounts presented below do not include the impact of the rTSR modifier). As a result of the performance criteria for each tranche of the 2022 performance-based RSUs being established on an annual basis, the
 performance-based RSU amounts presented below are for the first year of the three-year performance period beginning in 2022 based on the target amount awarded.

---

| | | | |
|:---|:---|:---|:---|
| **Name** | **Time-Based** <br>**RSUs** | **Performance-Based** <br>**RSUs<sup>(a)</sup>** | **Stock** <br>**Awards** |
| Damon T. Hininger | $1039999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $520002 | $1560001 |
| David M. Garfinkle | $500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $166665 | $666665 |
| Patrick D. Swindle | $500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $166665 | $666665 |
| Anthony L. Grande | $500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $166665 | $666665 |
| Lucibeth N. Mayberry | $500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $166665 | $666665 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) The maximum value of such awards assuming the highest level of performance conditions will be achieved (not including the impact of
 the rTSR modifier) are as follows: $3,380,008 for Mr. Hininger, and $1,249,994 for each of Messrs. Garfinkle, Swindle, Grande, and Ms. Mayberry.

All grants of equity awards were made under the 2020 Plan and are subject to the terms and conditions included in the individual award agreements. RSUs earn dividend equivalent rights, if any, that accumulate and are paid in cash when and only to the extent the underlying award vests.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The amounts shown in this column reflect cash incentive plan compensation earned pursuant to the Company's annual cash incentive
 plan. A detailed discussion of the amounts paid in 2022 begins on page [51](#taAC) under the heading *Compensation Discussion and Analysis—Annual Cash Incentive Plan* in this Proxy
 Statement.

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&nbsp;&nbsp;&nbsp;&nbsp;(3) The amounts shown in this column represent above-market earnings on amounts that the NEO chose to defer pursuant to the Company's
 Executive Deferred Compensation Plan ("DCP"), which is more fully described on page [70](#tEXE13) under the heading *Compensation Discussion and Analysis—Nonqualified Deferred Compensation in 2022*. Amounts shown are based on the excess of the Company's fixed rate for 2022 of 5.00% over 120% of the applicable federal long-term rate, with compounding (as prescribed under section 1274(d) of the Code) of 2.28%.

&nbsp;&nbsp;&nbsp;&nbsp;(4) The amounts shown as All Other Compensation for 2022 include the following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name** | **Company** <br>**Match to** <br>**401(k) Plan** | **Company** <br>**Match to DCP** | **Life** <br>**Insurance** <br>**Premiums** | **Long-Term** <br>**Disability** <br>**Premiums<sup>(a)</sup>** | **Other<sup>(b)</sup>** |
| Damon T. Hininger | &nbsp;&nbsp; $15250 | &nbsp;&nbsp;&nbsp; $120212 | &nbsp;&nbsp; $5724 | &nbsp;&nbsp;&nbsp; $17736 | $3500 |
| David M. Garfinkle | &nbsp;&nbsp; $15250 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp; $6077 | &nbsp;&nbsp;&nbsp; $16514 | $— |
| Patrick D. Swindle | &nbsp;&nbsp; $15250 | &nbsp;&nbsp;&nbsp; $30445 | &nbsp;&nbsp; $3143 | &nbsp;&nbsp;&nbsp; $11884 | $3000 |
| Anthony L. Grande | &nbsp;&nbsp; $15250 | &nbsp;&nbsp;&nbsp; $48279 | &nbsp;&nbsp; $5691 | &nbsp;&nbsp;&nbsp; $15043 | $—  |
| Lucibeth N. Mayberry | &nbsp;&nbsp; $15250 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp; $3708 | &nbsp;&nbsp;&nbsp; $13088 | $6500 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company pays the long-term disability premiums of its executive officers and certain other employees but does not pay such
 premiums for all employees.

&nbsp;&nbsp;&nbsp;&nbsp;(b) For its officers, including its executive officers, the Company pays for optional physicals costing up to $3,500 per year and
 provides an optional concierge physician service benefit costing $3,000 per year. Ms. Mayberry utilized both optional benefits in 2022. Mr. Hininger utilized the optional physical benefit in 2022. Mr. Swindle utilized the optional
 concierge physician benefit in 2022.

#### Grants of Plan-Based Awards in 2022
The following table sets forth the grants of plan-based awards that were made to the NEOs during the fiscal year ended December 31, 2022:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name** | **Grant Date** | **Estimated Future Payouts** <br>**Under Non-Equity Incentive** <br>**Plan Awards<sup>(1)</sup>** | **Estimated Future Payouts** <br>**Under Non-Equity Incentive** <br>**Plan Awards<sup>(1)</sup>** | **Estimated Future Payouts** <br>**Under Non-Equity Incentive** <br>**Plan Awards<sup>(1)</sup>** | **Estimated Future Payouts** <br>**Under Equity Incentive** <br>**Plan Awards<sup>(2)</sup>** | **Estimated Future Payouts** <br>**Under Equity Incentive** <br>**Plan Awards<sup>(2)</sup>** | **Estimated Future Payouts** <br>**Under Equity Incentive** <br>**Plan Awards<sup>(2)</sup>** | **All Other** <br>**Stock** <br>**Awards** <br>**(#)<sup>(3)</sup>** | **Grant Date** <br>**Fair Value** <br>**of Stock &** <br>**Option** <br>**Awards** <br>**($)<sup>(4)</sup>** |
|  |  | **Threshold** <br>**($)** | **Target** <br>**($)** | **Maximum** <br>**($)** | **Threshold** <br>**(#)** | **Target** <br>**(#)** | **Maximum** <br>**(#)** |  |  |
| Damon T.<br>Hininger |  | &nbsp;&nbsp; $316992 | $1267968 | $2218943 |  |  |  |  |  |
| Damon T.<br>Hininger | 2/16/2022 |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 71039 | &nbsp;&nbsp;&nbsp; 142077 | &nbsp;&nbsp;&nbsp; 213116 |  | $1560006 |
| Damon T.<br>Hininger | 2/16/2022 |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; 105691 | $1039999 |
| David M.<br>Garfinkle |  | &nbsp;&nbsp; $133684 | $534737 | $935790 |  |  |  |  |  |
| David M.<br>Garfinkle | 2/16/2022 |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 22769 | &nbsp;&nbsp;&nbsp; 45537 | &nbsp;&nbsp;&nbsp; 68306 |  | $499996 |
| David M.<br>Garfinkle | 2/16/2022 |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; 50813 | $500000 |
| Patrick D.<br>Swindle |  | &nbsp;&nbsp; $125975 | $503899 | $881823 |  |  |  |  |  |
| Patrick D.<br>Swindle | 2/16/2022 |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 22769 | &nbsp;&nbsp;&nbsp; 45537 | &nbsp;&nbsp;&nbsp; 68306 |  | $499996 |
| Patrick D.<br>Swindle | 2/16/2022 |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; 50813 | $500000 |
| Anthony L.<br>Grande |  | &nbsp;&nbsp; $135939 | $543757 | $951575 |  |  |  |  |  |
| Anthony L.<br>Grande | 2/16/2022 |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 22769 | &nbsp;&nbsp;&nbsp; 45537 | &nbsp;&nbsp;&nbsp; 68306 |  | $499996 |
| Anthony L.<br>Grande | 2/16/2022 |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; 50813 | $500000 |
| Lucibeth N.<br>Mayberry |  | &nbsp;&nbsp; $125975 | $503899 | $881823 |  |  |  |  |  |
| Lucibeth N.<br>Mayberry | 2/16/2022 |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 22769 | &nbsp;&nbsp;&nbsp; 45537 | &nbsp;&nbsp;&nbsp; 68306 |  | $499996 |
| Lucibeth N.<br>Mayberry | 2/16/2022 |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; 50813 | $500000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The amounts shown in these columns reflect the minimum/threshold (31.25% of base salary), target (125% of base salary) and maximum
 (218.75% of base salary) amounts that the Chief Executive Officer or the minimum/threshold (25% of base salary), target (100% of base salary) and maximum (175% of base salary) amounts that each of the other NEOs could have earned for the
 fiscal year ended December 31, 2022, respectively, pursuant to the Company's annual cash incentive plan, based on Adjusted EBITDA, the McRae Facility Sale and Strategic Business Goals, as discussed in detail on page [51](#taAC) under the heading *Compensation Discussion and Analysis—Annual Cash Incentive Plan* in this Proxy Statement. The amounts actually awarded to each of the NEOs are reflected in the Summary
 Compensation Table. The amounts presented in these columns do not include the impact of the Strategic Business Goals modifier, which increases or reduces any payout in accordance with the table presented on page [55](#taSTA) .
 Because of the impact of this modifier, the actual minimum could be lower and the maximum higher than presented.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The amounts shown in the threshold column reflect the minimum number (or 50% of the granted amount) of RSUs that could vest if the
 minimum performance-based condition of vesting is satisfied. Maximum reflects 150% of the performance-based RSUs granted if the

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maximum performance-based condition to vest is satisfied. Target reflects 100% of the number of performance-based shares awarded. The performance-based RSUs were awarded pursuant to the Company's 2020 Plan and have dividend equivalent rights, if any, payable in cash, but only to the extent and when the performance-based RSUs vest and the underlying shares are issued. The performance-based RSUs are discussed in detail, including the portion of the awards vesting for the 2022 Performance Period, beginning on page [56](#taLT) under the heading *Compensation Discussion and Analysis—Long-Term Incentive Compensation* in this Proxy Statement. The amounts presented in these columns do not include the impact of the rTSR modifier, which increases or reduces any vested RSUs in accordance with the table presented on page [59](#taPER). Because of the impact of this modifier, the actual minimum could be lower, and the maximum could be higher than presented.

&nbsp;&nbsp;&nbsp;&nbsp;(3) The amounts shown in this column represent the time-based RSUs which vest in equal amounts over three years on the later of (i) the
 anniversary date of the grant or (ii) the delivery of the audited financial statements by the Company's independent registered public accountant for the applicable fiscal year (in the Company's filing of the Annual Report on Form 10-K).
 The time-based RSUs were awarded pursuant to the Company's 2020 Plan and have dividend equivalent rights, if any, payable in cash, but only to the extent and when the time-based RSUs vest and the underlying shares are issued.

&nbsp;&nbsp;&nbsp;&nbsp;(4) The amounts shown in this column represent the target amounts for time-based and performance-based RSUs awarded by the Compensation
 Committee on February 16, 2022. The targeted number of performance-based RSU awards was based on the grant date fair value determined using a Monte Carlo valuation of $10.98 per share, and the number of time-based RSU awards was based on
 the grant date fair value of $9.84 per share reflecting the closing price of the shares of our common stock on the grant date. Consistent with the presentation in the Summary Compensation Table, amounts in this column include the target
 amount awarded by the Compensation Committee for the performance-based RSUs. Performance-based RSUs awarded in 2022 vest annually in three anniversary tranches subject to the achievement of annual Normalized FFO performance targets
 established at the beginning of each year during the performance period. For a presentation of the 2022 performance-based RSU amounts for the first tranche of the three-year performance period beginning in 2022 based on the target amount
 awarded by the Compensation Committee, see footnote 1 to the Summary Compensation Table.

#### Outstanding Equity Awards at 2022 Fiscal Year-End
The following table sets forth information concerning the equity awards held by our NEOs that were outstanding as of December 31, 2022:

---

| | | |
|:---|:---|:---|
| | **Stock Awards** | **Stock Awards** |
| <br>**Name** | **Number of** <br>**Unearned** <br>**Shares,** <br>**Units or** <br>**Other** <br>**Rights That** <br>**Have Not** <br>**Vested (#)<sup>(1)</sup>** | **Market or** <br>**Payout** <br>**Value of** <br>**Unearned** <br>**Shares,** <br>**Units or** <br>**Other** <br>**Rights That** <br>**Have Not** <br>**Vested ($)<sup>(1)</sup>** |
| Damon T. Hininger | &nbsp;&nbsp;&nbsp;&nbsp; 40551 | &nbsp;&nbsp; $468770  |
| Damon T. Hininger | &nbsp;&nbsp;&nbsp;&nbsp; 178224 | &nbsp;&nbsp; $2060269  |
| Damon T. Hininger | &nbsp;&nbsp;&nbsp;&nbsp; 231331 | &nbsp;&nbsp; $2674186  |
| David M. Garfinkle | &nbsp;&nbsp;&nbsp;&nbsp; 16313 | &nbsp;&nbsp; $188578  |
| David M. Garfinkle | &nbsp;&nbsp;&nbsp;&nbsp; 71743 | &nbsp;&nbsp; $829349  |
| David M. Garfinkle | &nbsp;&nbsp;&nbsp;&nbsp; 91082 | &nbsp;&nbsp; $1052908  |
| Patrick D. Swindle | &nbsp;&nbsp;&nbsp;&nbsp; 16313 | &nbsp;&nbsp; $188578  |
| Patrick D. Swindle | &nbsp;&nbsp;&nbsp;&nbsp; 71743 | &nbsp;&nbsp; $829349  |
| Patrick D. Swindle | &nbsp;&nbsp;&nbsp;&nbsp; 91082 | &nbsp;&nbsp; $1052908  |
| Anthony L. Grande | &nbsp;&nbsp;&nbsp;&nbsp; 16313 | &nbsp;&nbsp; $188578  |
| Anthony L. Grande | &nbsp;&nbsp;&nbsp;&nbsp; 71743 | &nbsp;&nbsp; $829349  |
| Anthony L. Grande | &nbsp;&nbsp;&nbsp;&nbsp; 91082 | &nbsp;&nbsp; $1052908  |
| Lucibeth N. Mayberry | &nbsp;&nbsp;&nbsp;&nbsp; 16313 | &nbsp;&nbsp; $188578  |
| Lucibeth N. Mayberry | &nbsp;&nbsp;&nbsp;&nbsp; 71743 | &nbsp;&nbsp; $829349 |
| Lucibeth N. Mayberry | &nbsp;&nbsp;&nbsp;&nbsp; 91082 | &nbsp;&nbsp; $1052908 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The vesting date does not occur until delivery of the audited financial statements by the Company's independent registered public
 accountant for the respective fiscal year, or one-year anniversary of the grant date, whichever is later. As a result, this table includes (a) the final 1/3<sup>rd</sup> tranche of 2020 performance-based RSUs that vested in February 2023
 based on 2022 performance subject to an rTSR modifier; (b) the second 1/3<sup>rd</sup> tranche of 2021 performance-based RSUs that vested in February 2023 based on 2022 performance subject to an rTSR

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modifier; (c) the first 1/3<sup>rd</sup> tranche of the 2022 performance-based RSUs that vested in February 2023 based on 2022 performance subject to an rTSR modifier; (d) the third 1/3<sup>rd</sup> tranche of the time-based RSUs granted in 2020; (e) the second and third 1/3<sup>rd</sup> tranches of the time-based RSUs granted in 2021; and (f) the first, second and third 1/3<sup>rd</sup> tranches of the time-based RSUs granted in 2022. This table also includes the remaining 1/3<sup>rd</sup> tranches that could vest based on 2023 and 2024 performance, as applicable, from the 2021 and 2022 awards. For further discussion of the performance-based RSUs, *see Compensation Discussion and Analysis—2022 Long-Term Equity Incentive Compensation Awards* in this Proxy Statement. The market or payout value was based on the closing price of our common stock of $11.56 on December 30, 2022.

#### Option Exercises and Stock Vested in 2022
The following table sets forth information regarding the exercise of stock options and the vesting of RSUs during the fiscal year ended December 31, 2022, for each of the NEOs.

---

| | | | |
|:---|:---|:---|:---|
| | **Stock Awards** | **Stock Awards** | |
| <br>**Name** | **Number of** <br>**Shares** <br>**Acquired on** <br>**Exercise (#)** | **Number of** <br>**Shares** <br>**Acquired on** <br>**Vesting (#)** | <br>**Value** <br>**Realized on** <br>**Vesting ($)<sup>(1)</sup>** |
| Damon T. Hininger | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 265775 | $2646640 |
| David M. Garfinkle | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 98412 | $978840 |
| Patrick D. Swindle | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 98412 | $978840 |
| Anthony L. Grande | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 98412 | $978840 |
| Lucibeth N. Mayberry | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 98412 | $978840 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The value realized on vesting of RSUs was calculated as the product of the closing price on the New York Stock Exchange of a share
 of our common stock on the vesting date, multiplied by the number of RSUs vested.

#### Nonqualified Deferred Compensation in 2022
The following table sets forth information related to contributions made by the NEOs and the Company pursuant to the Company's Executive Deferred Compensation Plan as well as aggregate individual account balances as of December 31, 2022:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name** | **Executive** <br>**Contributions** <br>**in 2022<sup>(1)</sup>** | **Company** <br>**Contributions** <br>**in 2022<sup>(2)</sup>** | **Aggregate** <br>**Earnings** <br>**in 2022<sup>(3)</sup>** | **Aggregate** <br>**Withdrawals /** <br>**Distributions** <br>**in 2022** | **Aggregate** <br>**Balance** <br>**at 12/31/2022<sup>(4)</sup>** |
| Damon T. Hininger | &nbsp;&nbsp;&nbsp; $125318 | &nbsp;&nbsp;&nbsp; $120212 | $142874 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $3078517 |
| David M. Garfinkle | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | $24092 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $505941  |
| Patrick D. Swindle | &nbsp;&nbsp;&nbsp; $25195 | &nbsp;&nbsp;&nbsp; $30445 | $1281 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $56921 |
| Anthony L. Grande | &nbsp;&nbsp;&nbsp; $63529 | &nbsp;&nbsp;&nbsp; $48279 | $40296 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $885614 |
| Lucibeth N. Mayberry | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | $21437 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $450189 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Of the amounts shown in this column, the following amounts are included in the "Salary" column of the Summary Compensation Table
 for 2022: Mr. Hininger - $40,575; Mr. Swindle - $25,195; and Mr. Grande - $27,188; the remaining amounts are included in the "Non-Equity Incentive Plan Compensation" column of the Summary Compensation Table for 2021.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The amounts shown in this column are also reported in the "All Other Compensation" column of the Summary Compensation Table for
 2022.

&nbsp;&nbsp;&nbsp;&nbsp;(3) Of the amounts shown in this column, the following amounts are reported in the "Change in Nonqualified Deferred Compensation
 Earnings" column of the Summary Compensation Table for 2022: Mr. Hininger - $77,723 Mr. Garfinkle - $13,106; Mr. Swindle - $697; Mr. Grande - $21,921; and Ms. Mayberry - $11,662.

&nbsp;&nbsp;&nbsp;&nbsp;(4) Of the amounts shown in this column, the following amounts were reported as compensation to the NEOs in the Summary Compensation
 Table for 2022, 2021 and 2020: Mr. Hininger – $238,510 for 2022, $275,588 for 2021 and $242,716 for 2020; Mr. Garfinkle – $13,106 for 2022, $15,694 for 2021 and $10,839 for 2020; Mr. Swindle - $56,337 for 2022; Mr. Grande – $97,388 for
 2022, $124,006 for 2021 and $115,816 for 2020; and Ms. Mayberry – $11,662 for 2022, $13,965 for 2021 and $9,644 for 2020.

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The Executive Deferred Compensation Plan is an unfunded, non-qualified deferred compensation plan maintained by the Company for certain of its senior executives and other key employees, including the NEOs. Eligible employees who participate in the Executive Deferred Compensation Plan may defer a portion of their compensation by electing to contribute such compensation to the plan.

Pursuant to the Executive Deferred Compensation Plan, participating executives may elect to contribute on a pre-tax basis up to 50% of their base salary and up to 100% of their annual cash bonus. The Company matches 100% of contributions up to 5% of total cash compensation. The matching contribution is credited on a monthly basis but is reduced at the end of the plan year for any matching amounts contributed to the participant's 401(k) account. The Company also contributes a fixed rate of return on balances in the Executive Deferred Compensation Plan, determined at the beginning of each plan year. Participants are 100% vested in amounts deferred under the plan and earnings on those amounts, while the matching contributions vest 20% after two years of service, 40% after three years of service, 80% after four years of service and 100% after five years of service. Each participant, however, shall become 100% vested in the matching contribution amounts upon termination of employment by reason of death, disability or retirement or upon the occurrence of a change in control; provided, however, that the participant shall not become vested upon the occurrence of a change in control to the extent such vesting would cause any portion of his or her deferred compensation benefits to constitute an "excess parachute payment" under Section 280G of the Code.

Distributions to senior executives are generally payable no earlier than five years subsequent to the date an executive becomes a participant in the Plan, or upon termination of employment, at the election of the participant, but not later than the 15<sup>th</sup> day of the month following the month the individual attains age 65.

During 2022, the Company provided a fixed return of 5.00% to participants in the Executive Deferred Compensation Plan, which rate was based on the return received by the Company on the life insurance policies the Company has purchased on the lives of certain participating executives, including each of the NEOs. The life insurance policies are intended to partially fund distributions from the Executive Deferred Compensation Plans, and the Company is the sole beneficiary of such policies. The Company has established an irrevocable Rabbi Trust to secure the plan's obligations. However, assets in the Executive Deferred Compensation Plan are subject to creditor claims in the event of bankruptcy.

#### Potential Payments upon Termination or Change in Control
Each of our NEOs is eligible to receive certain payments upon termination of employment under the circumstances described below:

#### Retirement . In the event of a termination of employment due to retirement (generally after attaining age 62), our equity award agreements provide that:
&nbsp;&nbsp;&nbsp;&nbsp;• vested options would be exercisable for the remaining stated term of the option (as opposed to a voluntary or for "cause"
 termination, in which case the NEO would generally have three months following termination to exercise vested options); and

&nbsp;&nbsp;&nbsp;&nbsp;• if the retirement is effective after December 31 of any fiscal year but prior to the applicable performance-based RSU vesting date
 with respect to such year (which typically occurs in February of the immediately following fiscal year), the applicable portion of unvested performance-based RSUs, if any, that would vest on such vesting date but for the NEO's termination
 of employment would vest and be issued to the NEO despite the fact that the NEO is no longer an employee of the Company on such vesting date.

Furthermore, in the event of an NEO's retirement, matching contributions under the Executive Deferred Contribution Plan would become 100% vested.

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***Death or Disability. In the event of death or disability, benefits under our disability plan and payments under our life insurance plan, as applicable, would be payable, which, in the event of death, would equal twice the executive's compensation subject to certain caps. In addition, matching contributions under the Executive Deferred Contribution Plan would become 100% vested.***

In accordance with the terms of our equity award agreements, in the event of the death or disability of an NEO (1) all performance-based RSUs and time-based RSUs will become immediately and fully vested and non-forfeitable and (2) all unvested options that have not earlier terminated or expired in accordance with their terms will automatically vest in full and will be exercisable until the expiration of their stated term.

***Termination Without Cause or for Good Reason. In accordance with the employment agreements with our current executive officers, if we terminate the employment of the executive without "cause," or if the executive terminates the employment for "good reason," we generally are required to pay a cash severance amount equal to the executive's annual base salary then in effect, payable in installments in accordance with the terms of the agreements.***

***Change in Control. In accordance with the terms of our equity award agreements, in the event of a change of control (1) all performance-based RSUs and time-based RSUs will become immediately and fully vested and non-forfeitable and (2) all unvested options that have not earlier terminated or expired in accordance with their terms will automatically vest in full and will be exercisable until the expiration of their stated term.***

Our Executive Deferred Compensation Plan provides that upon a change in control, the matching contributions would become 100% vested, unless such vesting would cause any portion of the deferred compensation benefits to constitute an "excess parachute payment" under Section 280G of the Code.

***Qualifying Termination Within 180 days of a Change in Control. Pursuant to each of the employment agreements with our current executive officers, in the event of a termination by the Company (other than for "cause") or (subject to certain procedural requirements) termination by the executive for "good reason," within one-hundred eighty (180) days following a change in control, each NEO would be entitled to receive a lump sum cash payment equal to 2.99 times his or her base salary then in effect, and the NEO would continue to be covered under existing life, medical, disability and health insurance plans for a period of one year. All severance payments are made promptly after the time of termination in order to make a clean separation from, and avoid continued entanglement with, the NEO.***

#### Definitions. Our employment agreements with our current executive officers and our equity plans generally provide for the following definitions:
The definition of "Good Reason" means when the executive terminates employment with the Company due to (i) a material reduction in the duties, powers, or authority of the executive as an officer or employee of the Company or (ii) relocation of the Company's headquarters to a location more than 30 miles outside of the Brentwood, Tennessee metropolitan area, in either case without the executive's consent. A termination under these circumstances shall be due to Good Reason only if (A) the executive notifies the Company of the existence of the condition that otherwise constitutes Good Reason within thirty (30) days of the initial existence of the condition, (B) the Company fails to remedy the condition within thirty (30) days following its receipt of executive's notice of the condition constituting Good Reason (the "Cure Period") and the executive terminates employment with the Company due to the condition within thirty (30) days of the expiration of the Cure Period.

The definition of "Cause" includes, among other things, the death or permanent disability of the executive, conviction of certain felonies or criminal acts, willful or material wrongdoing (including dishonesty or fraud), material breach by the executive of his employment agreement or of his fiduciary duty to the Company or its stockholders, material violations of the Company's Code of Ethics or intentional violation of any applicable law or regulation affecting the Company in a material respect, which event, action or breach may be subject to a right of the executive to cure under certain conditions.

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The definition of "Change in Control" generally means:

&nbsp;&nbsp;&nbsp;&nbsp;• a "change in the ownership of the Company";

&nbsp;&nbsp;&nbsp;&nbsp;• a "change in the effective control of the Company"; or

&nbsp;&nbsp;&nbsp;&nbsp;• a "change in the ownership of a substantial portion of the assets of the Company"

as such terms are defined in Section 1.409A-3(i)(5) of the Treasury Regulations.

In addition, under our 2008 Plan and 2020 Plan, the vesting of all or a portion of an outstanding restricted stock award will be accelerated upon a "change in control," as defined in the plans.

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#### Table of Potential Payments upon Termination or Change in Control
The table below reflects the amount of compensation payable to each of the NEOs in the event of termination of such executive's employment. The amount of compensation payable to each NEO upon a change of control, qualifying termination in connection with a change in control, involuntary termination not for cause, and in the event of disability or death of the executive is shown below. The amounts assume that such event was effective as of December 31, 2022, and thus do not include amounts earned through such time and are estimates of the awards and amounts that would be paid out to the NEOs upon their termination. The amounts shown do not include: (i) benefits earned during the term of our NEOs' employment that are available to all salaried employees, and (ii) 2022 cash incentives that were earned as of December 31, 2022. The actual awards and amounts to be paid out can only be determined at the time of such executive's separation from the Company. Reference below to RSUs means our time- and performance-based RSUs and includes all dividend equivalent rights, if any.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Change in** <br>**Control** <br>**Only** | **Qualifying** <br>**Termination** <br>**upon Change** <br>**in Control** | **Involuntary** <br>**Termination** <br>**Without Cause** | **Death or** <br>**Disability** |
| Damon T. Hininger |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accelerated Vesting of RSUs<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; $5221068 | &nbsp;&nbsp;&nbsp;&nbsp; $5221068 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $5221068 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash Severance<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $3128329 | &nbsp;&nbsp;&nbsp;&nbsp; $1046264 | &nbsp;&nbsp;&nbsp;&nbsp; $—  |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance Benefits<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $41444 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total: | &nbsp;&nbsp;&nbsp;&nbsp; $5221068 | &nbsp;&nbsp;&nbsp;&nbsp; $8390841 | &nbsp;&nbsp;&nbsp;&nbsp; $1046264 | &nbsp;&nbsp;&nbsp;&nbsp; $6721068 |
| David M. Garfinkle |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accelerated Vesting of RSUs<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; $2078013 | &nbsp;&nbsp;&nbsp;&nbsp; $2078013 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2078013  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash Severance<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1649129 | &nbsp;&nbsp;&nbsp;&nbsp; $551548 | &nbsp;&nbsp;&nbsp;&nbsp; $—  |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance Benefits<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $40838 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total: | &nbsp;&nbsp;&nbsp;&nbsp; $2078013 | &nbsp;&nbsp;&nbsp;&nbsp; $3767980 | &nbsp;&nbsp;&nbsp;&nbsp; $551548 | &nbsp;&nbsp;&nbsp;&nbsp; $3578013 |
| Patrick D. Swindle |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accelerated Vesting of RSUs<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; $2078013 | &nbsp;&nbsp;&nbsp;&nbsp; $2078013 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2078013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash Severance<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1554023 | &nbsp;&nbsp;&nbsp;&nbsp; $519740 | &nbsp;&nbsp;&nbsp;&nbsp; $—  |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance Benefits<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $32673 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total: | &nbsp;&nbsp;&nbsp;&nbsp; $2078013  | &nbsp;&nbsp;&nbsp;&nbsp; $3664709  | &nbsp;&nbsp;&nbsp;&nbsp; $519740  | &nbsp;&nbsp;&nbsp;&nbsp; $3578013  |
| Anthony L. Grande |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accelerated Vesting of RSUs<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; $2078013 | &nbsp;&nbsp;&nbsp;&nbsp; $2078013 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2078013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash Severance<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1676942 | &nbsp;&nbsp;&nbsp;&nbsp; $560850 | &nbsp;&nbsp;&nbsp;&nbsp; $—  |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance Benefits<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $33203 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total: | &nbsp;&nbsp;&nbsp;&nbsp; $2078013  | &nbsp;&nbsp;&nbsp;&nbsp; $3788158  | &nbsp;&nbsp;&nbsp;&nbsp; $560850  | &nbsp;&nbsp;&nbsp;&nbsp; $3578013  |
| Lucibeth N. Mayberry |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accelerated Vesting of RSUs<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; $2078013 | &nbsp;&nbsp;&nbsp;&nbsp; $2078013 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2078013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash Severance<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1554023 | &nbsp;&nbsp;&nbsp;&nbsp; $519740 | &nbsp;&nbsp;&nbsp;&nbsp; $—  |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance Benefits<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $34920 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total: | &nbsp;&nbsp;&nbsp;&nbsp; $2078013  | &nbsp;&nbsp;&nbsp;&nbsp; $3666956  | &nbsp;&nbsp;&nbsp;&nbsp; $519740  | &nbsp;&nbsp;&nbsp;&nbsp; $3578013 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Represents the value of accelerated vesting of RSUs, which occurs upon a change in control (whether or not the executive's
 employment is terminated) and upon the death or disability of the executive. Accelerated vesting of RSUs is calculated using the NYSE closing market price on December 30, 2022 ($11.56 per share) and includes the outstanding dividend
 equivalents associated with such RSUs that similarly vest on an accelerated basis.

&nbsp;&nbsp;&nbsp;&nbsp;(2) In the event of an involuntary termination absent a change in control and without cause, represents an amount equal to 100% of
 current base salary paid out on the same terms and with the same frequency as the executive's base salary was paid prior to December 31, 2022. In the event of a qualifying termination upon a change in control, represents an amount equal
 to 2.99 times current base salary, to be paid out in a lump sum within 40 days of the termination date.

&nbsp;&nbsp;&nbsp;&nbsp;(3) In the event of a qualifying termination upon a change in control, represents the premiums expected to be paid based upon the types
 of insurance coverage the Company carried for such executive as of December 31, 2022, and the premiums in effect on such date. In the event of death, represents the payouts under life insurance policies, equal to two times total cash
 compensation, subject to certain caps. The benefits payable under supplemental long-term disability policies in the event of a disability are not shown in the table. In general, executive officers are entitled to higher payment formulas
 and higher caps for a potentially longer period of time than other employees under supplemental long-term disability policies.

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#### 2022 CEO Pay Ratio
As required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Regulation S-K under the Exchange Act, we are disclosing the ratio of CEO pay to the median employee pay of all our employees (other than the CEO) in 2022, calculated in accordance with Item 402(u) of Regulation S-K.

The ratio of the annual total compensation of our CEO to the median total compensation of all employees (other than our CEO) for 2022 was 108 to one. This ratio was based on the following:

&nbsp;&nbsp;&nbsp;&nbsp;• the annual total compensation of our CEO, determined as described in the Summary Compensation Table included in this Proxy
 Statement, was $5,159,741; and

&nbsp;&nbsp;&nbsp;&nbsp;• the median of the total compensation of all employees (other than our CEO), determined in accordance with SEC rules, was $47,570.

For 2022, the Company identified its median employee in accordance with the rules prescribed by law. The methodology and the material assumptions and estimates we used to determine the median employee in 2022 were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• *Total Employee Population*: We determined that, as of November 30, 2022, the date we
 selected to identify the median employee, our employee population consisted of approximately 11,135 individuals.

&nbsp;&nbsp;&nbsp;&nbsp;• *Compensation Measure Used to Identify the Median Employee*: For purposes of measuring the
 total compensation of our employees to identify the median employee, we used the annualized base salary for the period beginning December 1, 2021, and ending November 30, 2022. Compensation for non-seasonal employees hired during the
 period was annualized as permitted by SEC rules.

&nbsp;&nbsp;&nbsp;&nbsp;• *Total Compensation of Median Employee:* In order to determine the total compensation of
 the median employee, we identified and calculated that employee's base salary for the period beginning December 1, 2021, and ending November 30, 2022, in accordance with the requirements of Item 402(u) of Regulation S-K, resulting in
 total compensation of $47,570.

&nbsp;&nbsp;&nbsp;&nbsp;• *Annual Total Compensation of CEO*: With respect to the annual total compensation of our
 CEO, in accordance with SEC rules, we used the amount reported for Mr. Hininger in the "Total" column for 2022 in the Summary Compensation Table included in this Proxy Statement.

Our reported pay ratio information is a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K. The SEC rules for identifying the median employee and calculating pay ratio allow companies to use different methodologies, exemptions, estimates and assumptions. As a result, our pay ratio may not be comparable to the pay ratio reported by other companies.

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#### Pay Versus Performance
In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Act, we provide the following disclosure regarding executive compensation for our principal executive officer ("PEO") and Non-PEO NEOs and company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its compensation decisions for any of the years shown. For information regarding the compensation decisions made by the Compensation Committee with respect to the PEO's or non-PEO NEOs' compensation for each fiscal year, please see the Compensation Discussion and Analysis section of the Proxy Statement reporting compensation for the fiscal years presented in the Pay Versus Performance table.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Year** <br>(a) | **Summary** <br>**Compen-**<br>**sation** <br>**Table** <br>**Total** <br>**for PEO** <br>(b) | **Compen-**<br>**sation** <br>**Actually** <br>**Paid to PEO** <br>(c) | **Average** <br>**Summary** <br>**Compen-**<br>**sation** <br>**Total for** <br>**Non-PEO** <br>**NEOs** <br>(d) | **Average** <br>**Compen-**<br>**sation** <br>**Actually** <br>**Paid** <br>**to Non-PEO** <br>**NEOs** <br>(e) | **Value of** <br>**Initial** <br>**Fixed** <br>**$100** <br>**Investment** <br>**Based on** <br>**CXW TSR** <br>(f) | **Value of** <br>**Initial** <br>**Fixed** <br>**$100** <br>**Investment** <br>**Based on** <br>**Peer Group** <br>**TSR** <br>(g) | **Net** <br>**Income** <br>(Loss) <br>**(in thousands)** <br>(h) | **Normalized FFO** <br>**(in thousands)** <br>(i) |
| 2020 | $4405451 | $1440049 | $1804908 | $645024 | &nbsp;&nbsp;&nbsp;&nbsp; $40 | &nbsp;&nbsp;&nbsp;&nbsp; $92 | &nbsp;&nbsp;&nbsp;&nbsp; $54157 | &nbsp;&nbsp;&nbsp;&nbsp; $271768  |
| 2021 | $5445316 | $7174536 | $2243222 | $2892714 | &nbsp;&nbsp;&nbsp;&nbsp; $61 | &nbsp;&nbsp;&nbsp;&nbsp; $126 | &nbsp;&nbsp;&nbsp;&nbsp; $(51896) | &nbsp;&nbsp;&nbsp;&nbsp; $225484  |
| 2022 | $5159741 | $5286571 | $2126404 | $2223381 | &nbsp;&nbsp;&nbsp;&nbsp; $71 | &nbsp;&nbsp;&nbsp;&nbsp; $91 | &nbsp;&nbsp;&nbsp;&nbsp; $122320 | &nbsp;&nbsp;&nbsp;&nbsp; $165216 |

---

#### Explanation of information in the columns of the table:

#### Columns (b) and (d)
Reflects compensation amounts reported in the Summary Compensation Table for the PEO, our CEO, and the Non-PEO NEOs, respectively, for the years shown.

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#### Columns (c) and (e)
Below is an explanation of the amounts added to and deducted from the Summary Compensation table total compensation amounts to determine "compensation actually paid" in accordance with Item 402(v)(2) of Regulation S-K:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **PEO** | **PEO** | **PEO** | **Non-PEO** <br>**NEOs (avg)** | **Non-PEO** <br>**NEOs (avg)** | **Non-PEO** <br>**NEOs (avg)** |
|  | **2020** | **2021** | **2022** | **2020** | **2021** | **2022** |
| Summary Compensation Table Total | $4405451 | $5445316 | $5159741 | $1804908 | $2243222 | $2126404  |
| Less grant date fair value of stock awards | (2600000) | (2600002) | (2600005) | (1000003) | (999993) | (999996) |
| Add year-end fair value of awards granted during the covered fiscal year that are outstanding and unvested as of the end of the covered fiscal year | 947738 | 3312666 | 2674182 | 373274 | 1280383 | 1052904 |
| Add change in fair value as of fiscal year-end compared to prior year-end fair value for unvested and outstanding awards granted in prior fiscal years | (1300015) | 920210 | 55790 | (526071) | 326533 | 46397 |
| Add change in fair value as of vesting date compared to prior year-end fair value for vested and outstanding awards granted in prior fiscal years | (13125) | 96346 | (3137) | (7084) | 42569 | (2328) |
| Less amount equal to the fair value at end of the prior fiscal year for any awards granted in any prior fiscal year that fail to meet applicable vesting conditions |  |  |  |  |  |  |
| Add dividends paid on unvested equity awards during fiscal year |  |  |  |  |  |  |
| Compensation Actually Paid | **$1440049** | **$7174536** | **$5286571** | **$645024** | **$2892714** | **$2223381** |

---

#### Principal Executive Officer and Non-PEO Named Executive Officers (Non-PEO NEOs)
Damon T. Hininger served as PEO for each of the years in the table. The Non-PEO NEOs included in columns (d) and (e) are as follows:

---

| | | |
|:---|:---|:---|
| **Fiscal 2022** | **Fiscal 2021** | **Fiscal 2020** |
| David M. Garfinkle | David M. Garfinkle | David M. Garfinkle |
| Patrick D. Swindle | Patrick D. Swindle | Patrick D. Swindle |
| Anthony L. Grande | Anthony L. Grande | Anthony L. Grande |
| Lucibeth N. Mayberry | Lucibeth N. Mayberry | Lucibeth N. Mayberry |

---

Stock awards for our PEO and Non-PEO NEOs consist of a combination of time-based RSUs and performance-based RSUs. See the notes to the Summary Compensation Table and Grants of Plan-Based Awards table for more information on how we determine fair value for equity awards. Our Compensation Committee did not grant stock options to our PEO or Non-PEO NEOs in fiscal years 2020-2023. Additionally, neither our PEO, nor our Non-PEO NEOs, participate in a defined benefit or actuarial pension plan.

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#### Columns (f) and (g)
As calculated in the manner prescribed by Item 201(e) of Regulation S-K. Columns (f) and (g) represent the cumulative total shareholder return of the Company and the FTSE NAREIT All Equity REITs Index, respectively, over the applicable measurement period.

#### Column (h) and (i)
The dollar amounts reported in columns (h) and (i) represent the amount of net income attributable to common stockholders reflected in the Company's audited financial statements and the Company-selected measure of Normalized FFO, respectively, for the applicable year. The Company believes Normalized FFO is the financial performance measure most closely linked to the calculation of compensation actually paid. Normalized FFO is defined in Appendix A to this Proxy Statement. Amounts in these columns are in thousands.

#### Analysis of the Information Presented in the Pay Versus Performance Table
Below are graphs showing the relationship of "compensation actually paid" to our PEO and Non-PEO NEOs in 2020, 2021, and 2022 to (1) TSR of both the Company and the FTSE NAREIT All Equity REITs Index, (2) the Company's net income, and (3) the Company's Normalized FFO.

![graphic](ny20006178x1_barchart1.jpg)

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![graphic](ny20006178x1_barchart2.jpg)

#### Tabular List of Financial Performance Measures
The most important financial performance measures used by the Company to link executive compensation actually paid to the Company's PEO and Non-PEO NEOs, for the most recently completed fiscal year, to the Company's performance are as follows:

Normalized FFO <br> Adjusted EBITDA

See the *Compensation Discussion and Analysis* for more information regarding how these financial performance measures are used in our executive compensation program.

#### Director Compensation
Non-employee directors (*i.e.,* all directors other than Mr. Hininger and Mr. Lappin until February 2022) are compensated pursuant to our Non-Employee Directors' Compensation Plan and the 2020 Plan, which for 2022 provided for the following:

&nbsp;&nbsp;&nbsp;&nbsp;• Annual equity grants;

&nbsp;&nbsp;&nbsp;&nbsp;• Annual Board, committee, and committee chair retainers; and

&nbsp;&nbsp;&nbsp;&nbsp;• Board and committee unscheduled meeting fees.

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Non-employee directors may elect to receive all or a portion of their retainers in the form of restricted stock units rather than cash. Non-executive directors may also defer all or a portion of their retainer and meeting fees pursuant to our Non-Employee Directors' Deferred Compensation Plan. In addition, non-employee directors are reimbursed for reasonable expenses incurred to attend Board and committee meetings, as well as director education programs. The retainers paid to our non-employee directors in 2022 and to be paid in 2023 are as follows:

---

| | | |
|:---|:---|:---|
| **Retainers and Fees** | **2022 Amounts** | **2023 Amounts<sup>(1)</sup>** |
| Independent Board Chair retainer | &nbsp;&nbsp; $100000 | &nbsp;&nbsp;&nbsp;&nbsp; $100000 |
| Non-Chair Board retainer | &nbsp;&nbsp; $80000 | &nbsp;&nbsp;&nbsp;&nbsp; $80000 |
| Board and committee unscheduled meeting fee | &nbsp;&nbsp; $1000 | &nbsp;&nbsp;&nbsp;&nbsp; $1000 |
| Audit Committee chair retainer | &nbsp;&nbsp; $20000 | &nbsp;&nbsp;&nbsp;&nbsp; $25000 |
| Audit Committee member retainer | &nbsp;&nbsp; $8000 | &nbsp;&nbsp;&nbsp;&nbsp; $10000 |
| Compensation Committee chair retainer | &nbsp;&nbsp; $15000 | &nbsp;&nbsp;&nbsp;&nbsp; $20000 |
| Compensation Committee member retainer | &nbsp;&nbsp; $4000 | &nbsp;&nbsp;&nbsp;&nbsp; $10000 |
| Nominating and Governance Committee chair retainer | &nbsp;&nbsp; $10000 | &nbsp;&nbsp;&nbsp;&nbsp; $15000 |
| Nominating and Governance Committee member retainer | &nbsp;&nbsp; $4000 | &nbsp;&nbsp;&nbsp;&nbsp; $7500 |
| Risk Committee chair retainer | &nbsp;&nbsp; $15000 | &nbsp;&nbsp;&nbsp;&nbsp; $20000 |
| Risk Committee member retainer | &nbsp;&nbsp; $4000 | &nbsp;&nbsp;&nbsp;&nbsp; $10000 |
| DEI Committee chair retainer<sup>(2)</sup> | &nbsp;&nbsp; $28000 | &nbsp;&nbsp;&nbsp;&nbsp; $— |
| DEI Committee member retainer<sup>(2)</sup> | &nbsp;&nbsp; $20000 | &nbsp;&nbsp;&nbsp;&nbsp; $— |
| Special Litigation Committee chair retainer<sup>(2)</sup> | &nbsp;&nbsp; $28000 | &nbsp;&nbsp;&nbsp;&nbsp; $— |
| Special Litigation Committee member retainer<sup>(2)</sup> | &nbsp;&nbsp; $20000 | &nbsp;&nbsp;&nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) In December 2022, after reviewing peer director compensation data, considering the responsibilities of each committee and each
 committee chair, and receiving feedback and guidance from the Compensation Committee's independent compensation consultant, our Board determined to revise director compensation as reflected in this column effective January 1, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The DEI Committee and Special Litigation Committee were both dissolved by our Board during 2022. Accordingly, no 2023 compensation
 was set for these committees by our Board as part of the revisions described in footnote (1) above.

In addition to cash compensation, non-employee directors are granted RSUs with a grant date fair market value of approximately $135,000 per year, generally on the same date as grants of equity awards are made to our executive officers and other employees. Subject to certain exceptions contained in the award agreement, these RSUs vest on the one-year anniversary of the grant date.

80<br>

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#### 2022 Director Compensation Table
The following table summarizes the compensation paid with respect to the fiscal year ended December 31, 2022, to each of the Company's directors except Mr. Hininger whose compensation is reflected in the Summary Compensation Table:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name** | **Fees** <br>**Earned or** <br>**Paid in** <br>**Cash** | **Stock** <br>**Awards<sup>(2)</sup>** | **Change in** <br>**Nonqualified** <br>**Deferred** <br>**Compensation** <br>**Earnings<sup>(3)</sup>** | **All Other** <br>**Compensation** | **Total** |
| Donna M. Alvarado | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $115000 | &nbsp;&nbsp;&nbsp;&nbsp; $135005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $250005 |
| Robert J. Dennis | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $96020 | &nbsp;&nbsp;&nbsp;&nbsp; $135005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $231025 |
| Mark A. Emkes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $141000 | &nbsp;&nbsp;&nbsp;&nbsp; $185004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $326004 |
| Stacia A. Hylton | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $129000 | &nbsp;&nbsp;&nbsp;&nbsp; $135005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $264005 |
| Harley G. Lappin<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $70889 | &nbsp;&nbsp;&nbsp;&nbsp; $135005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $3472 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $209366 |
| Anne L. Mariucci | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $108000 | &nbsp;&nbsp;&nbsp;&nbsp; $135005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $15532 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $258537 |
| Thurgood Marshall, Jr. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $112000 | &nbsp;&nbsp;&nbsp;&nbsp; $135005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $247005 |
| Devin I. Murphy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $117550 | &nbsp;&nbsp;&nbsp;&nbsp; $135005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5315 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $257870 |
| Charles L. Overby<sup>(4)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $40462 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $40462 |
| John R. Prann, Jr. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $106000 | &nbsp;&nbsp;&nbsp;&nbsp; $135005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $241005 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Until February 2022, Mr. Lappin was employed as a special operations advisor to the leadership team of the Company and was
 compensated with a salary payment of $30,692 for the services provided in such capacity until February 2022. After February 2022, Mr. Lappin was compensated for his services as a director of the Company. The Company provided a matching
 contribution of $1,535 to his 401(k) account based on his salary. Until February 2022, Mr. Lappin was also eligible to participate in various benefit programs generally made available to employees of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The amounts shown in this column represent the aggregate grant date fair value of RSUs based on the closing stock price of $9.84 on
 February 17, 2022, the date of an annual grant of 13,720 RSUs to each non-employee director. Mr. Emkesʼ stock awards also include an award of $49,999 or 4,803 RSUs, which he elected to receive on May 12, 2022, as compensation for 50% of
 his annual independent Board Chair retainer. The director RSUs vest on the anniversary date of the grant and have dividend equivalent rights, if any, that are payable in cash only when and to the extent the RSUs vest and the underlying
 shares are issued. All grants of RSUs and dividend equivalents were made under the 2020 Plan.

&nbsp;&nbsp;&nbsp;&nbsp;(3) The amounts shown in this column represent above-market earnings on fees the director elected to defer pursuant to the Non-Employee
 Directors' Deferred Compensation Plan, which is more fully described under the heading *Compensation Discussion and Analysis—Nonqualified Deferred Compensation Plan in 2022* in this Proxy Statement.
 Amounts shown are based on the excess of the Company's fixed rate for 2022 of 5.00%, over 120% of the applicable federal long-term rate, with compounding (as prescribed under section 1274(d) of the Code) of 2.28%.

&nbsp;&nbsp;&nbsp;&nbsp;(4) Mr. Overby did not stand for reelection at the Company's 2022 virtual Annual Meeting and retired from service on the Board in May
 2022.

&nbsp;&nbsp;&nbsp;&nbsp;(5) As of December 31, 2022, the aggregate number of unvested stock awards and option awards outstanding for each of the Company's
 non-employee directors were as follows:

---

| | |
|:---|:---|
| **Name** | **Aggregate** <br>**RSU Awards** <br>**Outstanding as** <br>**of 12/31/2022** |
| Donna M. Alvarado | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13720 |
| Robert J. Dennis | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13720 |
| Mark A. Emkes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18523 |
| Stacia A. Hylton | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13720 |
| Harley G. Lappin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13720 |
| Anne L. Mariucci | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13720 |
| Thurgood Marshall, Jr. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13720 |
| Devin I. Murphy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13720 |
| Charles L. Overby<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| John R. Prann, Jr. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13720 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) Mr. Overby did not stand for reelection at the Company's 2022 virtual Annual Meeting and retired from service in May 2022.

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#### Director Stock Ownership Guidelines
We maintain stock ownership guidelines applicable to our executive officers and non-executive directors. The stock ownership guidelines are designed to align the economic interests of executive officers and the Board with those of stockholders and to discourage excessive risk-taking by management and directors. The guidelines as applied to our directors provide that the Company's non-executive directors are expected to own a fixed number of shares of common stock of the Company equal to four times such director's annual retainer (excluding any retainer for chairing or serving as a member of a committee) in effect as of the later of March 1, 2012 or the date of their initial election or appointment to the Board, divided by the Company's closing common stock price, as reported on the NYSE, on such date. The stock ownership guidelines were amended by our Board in May 2013 to increase the number of shares our executive officers and non-executive directors are expected to own to give effect to the REIT conversion special dividend. Non-executive directors are expected to achieve these ownership levels, subject to a limited hardship exemption, five years following their initial election or appointment to the Board, or (in the case of directors serving on the Board at the time the guidelines were adopted) by March 1, 2012. *See Compensation Discussion and Analysis—Guidelines and Policies—Executive Officer Stock Ownership Guidelines* in this Proxy Statement for a description of the shares counted in determining share ownership.

Our guidelines and the compliance status of the Company's current non-executive directors as of the last quarterly review date of February 21, 2023, are shown in the table below.

---

| | | | |
|:---|:---|:---|:---|
| **Name** | **Shares** <br>**Required by** <br>**Guidelines** | **Number of** <br>**Shares Held** | **Compliance** <br>**Date** |
| Donna M. Alvarado | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/1/2012 |
| Robert J. Dennis | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2/21/2018 |
| Mark A. Emkes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8/14/2019 |
| Stacia A. Hylton | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8/11/2021 |
| Harley G. Lappin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1/1/2023 |
| Anne L. Mariucci | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/8/2016 |
| Thurgood Marshall, Jr. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/1/2012 |
| Devin I. Murphy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/6/2023 |
| John R. Prann, Jr. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/1/2012 |

---

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#### SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

#### Ownership of Common Stock – Directors and Executive Officers
The following table contains information regarding the beneficial ownership of our common stock as of Wednesday, March 15, 2023, by (i) each current director and nominee, (ii) our NEOs, and (iii) all of our current directors and executive officers as a group.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Beneficial Owner <sup>(1)</sup>** | **Number of** <br>**Shares** <br>**Beneficially** <br>**Owned<sup>(2)</sup>** | **Shares** <br>**Acquirable** <br>**Within 60** <br>**Days<sup>(3)</sup>** | **Total** <br>**Beneficial** <br>**Ownership** | **Percent of** <br>**Common** <br>**Stock** <br>**Beneficially** <br>**Owned<sup>(4)</sup>** |
| Donna M. Alvarado | &nbsp;&nbsp; 112124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | 112124 | &nbsp;&nbsp;&nbsp;&nbsp; \* |
| Robert J. Dennis | &nbsp;&nbsp; 74297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | 74297 | &nbsp;&nbsp;&nbsp;&nbsp; \* |
| Mark A. Emkes | &nbsp;&nbsp; 129627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4803 | 134430 | &nbsp;&nbsp;&nbsp;&nbsp; \* |
| Damon T. Hininger | &nbsp;&nbsp; 547952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | 547952 | &nbsp;&nbsp;&nbsp;&nbsp; \* |
| Stacia A. Hylton | &nbsp;&nbsp; 58640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | 58640 | &nbsp;&nbsp;&nbsp;&nbsp; \* |
| Harley G. Lappin | &nbsp;&nbsp; 71475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | 71475 | &nbsp;&nbsp;&nbsp;&nbsp; \* |
| Anne L. Mariucci | &nbsp;&nbsp; 89905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | 89905 | &nbsp;&nbsp;&nbsp;&nbsp; \* |
| Thurgood Marshall, Jr. | &nbsp;&nbsp; 24894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | 24894 | &nbsp;&nbsp;&nbsp;&nbsp; \* |
| Devin I. Murphy | &nbsp;&nbsp; 48912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | 48912 | &nbsp;&nbsp;&nbsp;&nbsp; \* |
| John R. Prann, Jr. | &nbsp;&nbsp; 86267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | 86267 | &nbsp;&nbsp;&nbsp;&nbsp; \* |
| David M. Garfinkle | &nbsp;&nbsp; 264806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | 264806 | &nbsp;&nbsp;&nbsp;&nbsp; \* |
| Anthony L. Grande | &nbsp;&nbsp; 101170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | 101170 | &nbsp;&nbsp;&nbsp;&nbsp; \* |
| Lucibeth N. Mayberry | &nbsp;&nbsp; 178364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | 178364 | &nbsp;&nbsp;&nbsp;&nbsp; \* |
| Patrick D. Swindle | &nbsp;&nbsp; 97752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | 97752 | &nbsp;&nbsp;&nbsp;&nbsp; \* |
|  All current directors and executive officers as a group (16 persons) | &nbsp;&nbsp; 2159846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4803 | 2164649 | &nbsp;&nbsp;&nbsp;&nbsp; 1.89% |

---

\* Represents beneficial ownership of less than 1% of the outstanding shares of our common stock. 

&nbsp;&nbsp;&nbsp;&nbsp;(1) The address for each listed person is our corporate headquarters.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Each person in the table has sole voting and investment power over the shares listed.

&nbsp;&nbsp;&nbsp;&nbsp;(3) Pursuant to SEC rules, reflects the number of shares that could be purchased by exercise of stock options that are exercisable on
 Wednesday, March 15, 2023, or within 60 days thereafter under the Company's stock option plans and the number of shares underlying restricted stock units that vest within 60 days of Wednesday, March 15, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;(4) The percentages in this column are based on 114,667,461 shares outstanding as of March 15, 2023. In addition, pursuant to SEC
 rules, shares of the Company's common stock that an individual owner has a right to acquire within 60 days pursuant to the exercise of stock options and that vest pursuant to RSUs are deemed to be outstanding for the purpose of computing
 the ownership of that owner and for the purpose of computing the ownership of all directors and executive officers as a group but are not deemed outstanding for the purpose of computing the ownership of any other owner.

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#### Ownership of Common Stock – Principal Stockholders
The following table sets forth certain information with respect to the beneficial ownership of our voting securities as of March 15, 2023, by each person who is known by the Company to own beneficially more than 5% of any class of our outstanding voting securities of the Company:

---

| | | |
|:---|:---|:---|
| **Name and Address of Beneficial Owner** | **Number of** <br>**Shares** <br>**Beneficially** <br>**Owned** | **Percent of** <br>**Common** <br>**Stock** <br>**Beneficially** <br>**Owned<sup>(1)</sup>** |
| BlackRock, Inc.<sup>(2)</sup> <br>55 East 52nd Street <br>New York, NY 10055 | 18740047 | &nbsp;&nbsp;&nbsp;&nbsp; 16.3% |
| The Vanguard Group<sup>(3)</sup> <br>100 Vanguard Blvd. <br>Malvern, PA 19355 | 13166513 | &nbsp;&nbsp;&nbsp;&nbsp; 11.5% |
| FMR, LLC<sup>(4)</sup> <br>245 Summer Street <br>Boston, MA 02210 | 10579806 | &nbsp;&nbsp;&nbsp;&nbsp; 9.2% |
| River Road Asset Management<sup>(5)</sup> <br>462 S. 4th St., Suite 2000 <br>Louisville, KY 40202 | 8588691 | &nbsp;&nbsp;&nbsp;&nbsp; 7.5% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The percentages in this column are based on 114,667,461 shares outstanding as of March 15, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Based on the Schedule 13G/A filed with the SEC on January 26, 2023, by BlackRock, Inc., which reported sole voting power over
 18,566,924 shares and sole dispositive power over 18,740,047 shares.

&nbsp;&nbsp;&nbsp;&nbsp;(3) Based on the Schedule 13G/A filed with the SEC on February 9, 2023, by The Vanguard Group, which reported shared voting power over
 162,637 shares, sole dispositive power over 12,896,188 shares, and shared dispositive power over 270,325 shares.

&nbsp;&nbsp;&nbsp;&nbsp;(4) Based on the Schedule 13G/A filed with the SEC on February 9, 2025, by FMR, LLC, which reported sole voting power over 10,579,806
 shares.

&nbsp;&nbsp;&nbsp;&nbsp;(5) Based on the Schedule 13G/A filed with the SEC on February 8, 2023, by River Road Asset Management, which reported sole voting
 power over 8,395,048 shares and sole dispositive power over 8,588,691 shares.

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#### Section 16(a) Beneficial Ownership Reporting Compliance
Delinquent Section 16(a) Reports. Section 16(a) of the Exchange Act requires our executive officers and directors to file reports of ownership and changes in ownership with the SEC and the NYSE. Based on our records and other information, all Section 16(a) filing requirements were satisfied by our executive officers and directors in 2022.

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#### OTHER

#### No Incorporation by Reference
To the extent that this Proxy Statement is incorporated by reference into any other filing by us under the Securities Act of 1933 or the Exchange Act, the sections of this Proxy Statement entitled "Report of the Audit Committee", or "Report of the Compensation Committee" will not be deemed incorporated, unless specifically provided otherwise in such filing.

In addition, references to our website are not intended to function as a hyperlink and the information contained on our website is not intended to be part of this Proxy Statement. Information on our website, other than this Proxy Statement, Notice of Annual Meeting of Stockholders and form of proxy, is not part of the proxy soliciting material and is not incorporated herein by reference.

#### Forward-Looking Statements
This Proxy Statement contains "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). These statements are based on our current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those set forth in the statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. The forward-looking statements may include statements regarding actions to be taken by us. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Forward-looking statements involve significant risks and uncertainties, including those mentioned in the risk factors in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2022, and in our most recent periodic reports on Form 10-Q and Form 8-K filed with the SEC, and actual results may vary materially.

---

| |
|:---|
| By Order of the Board of Directors, |
| /s/ Cole G. Carter |
| Cole G. Carter |
| Executive Vice President, <br>General Counsel & Secretary |

---

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#### APPENDIX A: RECONCILIATION OF NON-GAAP DISCLOSURES

#### APPENDIX A TO PROXY STATEMENT

#### Reconciliation of Non-GAAP Disclosures

#### ($ in thousands, except per share amounts)

---

| | |
|:---|:---|
|  | **For the Year Ended** <br>**December 31, 2022** |
| Net income | &nbsp;&nbsp;&nbsp;&nbsp; **$122320**  |
| Special items: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses associated with debt repayments and refinancing transactions | &nbsp;&nbsp;&nbsp;&nbsp; **8077** |
| &nbsp;&nbsp;&nbsp;&nbsp; Gain on sale of real estate assets, net | &nbsp;&nbsp;&nbsp;&nbsp; **(87728)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Shareholder litigation expense | &nbsp;&nbsp;&nbsp;&nbsp; **1900** |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset impairments | &nbsp;&nbsp;&nbsp;&nbsp; **4392** |
| &nbsp;&nbsp;&nbsp;&nbsp; Income tax expense for special items | &nbsp;&nbsp;&nbsp;&nbsp; **19338** |
| Adjusted net income | &nbsp;&nbsp;&nbsp;&nbsp; **$68299** |
| Weighted average common shares outstanding – basic | &nbsp;&nbsp;&nbsp;&nbsp; **118199**  |
| Effect of dilutive securities: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Restricted stock-based awards | &nbsp;&nbsp;&nbsp;&nbsp; **899**  |
| Weighted average shares and assumed conversions - diluted | &nbsp;&nbsp;&nbsp;&nbsp; **119098**  |
| **Adjusted Earnings Per Diluted Share** | &nbsp;&nbsp;&nbsp;&nbsp; **$0.57** |

---

---

| | |
|:---|:---|
|  | **For the Year Ended** <br>**December 31, 2022** |
| Net income | &nbsp;&nbsp;&nbsp;&nbsp; **$122320** |
| Depreciation and amortization of real estate assets | &nbsp;&nbsp;&nbsp;&nbsp; **96917** |
| Impairment of real estate assets | &nbsp;&nbsp;&nbsp;&nbsp; **4392** |
| Gain on sale of real estate assets, net | &nbsp;&nbsp;&nbsp;&nbsp; **(87728)** |
| Income tax expense for special items | &nbsp;&nbsp;&nbsp;&nbsp; **21995** |
| &nbsp;&nbsp;&nbsp;&nbsp; Funds From Operations | &nbsp;&nbsp;&nbsp;&nbsp; **$157896** |
|  Expenses associated with debt repayments and refinancing transactions | &nbsp;&nbsp;&nbsp;&nbsp; **8077** |
| Shareholder litigation expense | &nbsp;&nbsp;&nbsp;&nbsp; **1900** |
| Income tax benefit for special items | &nbsp;&nbsp;&nbsp;&nbsp; **(2657)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Normalized Funds From Operations | &nbsp;&nbsp;&nbsp;&nbsp; **$165216** |
| **Funds From Operations Per Diluted Share** | &nbsp;&nbsp;&nbsp;&nbsp; **$1.33** |
| **Normalized Funds From Operations Per Diluted Share** | &nbsp;&nbsp;&nbsp;&nbsp; **$1.39** |

---

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#### APPENDIX A TO PROXY STATEMENT

#### &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

#### Reconciliation of Non-GAAP Disclosures

#### ($ in thousands)

---

| | |
|:---|:---|
|  | **For the Year Ended** <br>**December 31, 2022** |
| Net income | &nbsp;&nbsp;&nbsp;&nbsp; **$122320** |
| Interest expense | &nbsp;&nbsp;&nbsp;&nbsp; **95851** |
| Depreciation and amortization | &nbsp;&nbsp;&nbsp;&nbsp; **127906** |
| Income tax expense | &nbsp;&nbsp;&nbsp;&nbsp; **42982** |
| &nbsp;&nbsp;&nbsp;&nbsp; **EBITDA** | &nbsp;&nbsp;&nbsp;&nbsp; **$389059** |
| Expenses associated with debt repayments and refinancing transactions | &nbsp;&nbsp;&nbsp;&nbsp; **8077** |
| Gain on sale of real estate assets, net | &nbsp;&nbsp;&nbsp;&nbsp; **(87728)** |
| Shareholder litigation expense | &nbsp;&nbsp;&nbsp;&nbsp; **1900** |
| Asset impairments | &nbsp;&nbsp;&nbsp;&nbsp; **4392** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Adjusted EBITDA** | &nbsp;&nbsp;&nbsp;&nbsp; **$315700** |

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Adjusted Net Income, EBITDA, Adjusted EBITDA, Funds From Operations (FFO), Normalized FFO and, where appropriate, their corresponding per share metrics, are non-GAAP financial measures. CoreCivic believes that these measures are important operating measures that supplement discussion and analysis of the Company's results of operations and are used to review and assess operating performance of the Company and its properties and their management teams. CoreCivic believes that it is useful to provide investors, lenders, and security analysts disclosures of its results of operations on the same basis that is used by management. FFO, in particular, is a widely accepted non-GAAP supplemental measure of performance of real estate companies, grounded in the standards for FFO established by the National Association of Real Estate Investment Trusts (NAREIT). NAREIT defines FFO as net income computed in accordance with generally accepted accounting principles, excluding gains (or losses) from sales of property and extraordinary items, plus depreciation and amortization of real estate and impairment of depreciable real estate and after adjustments for unconsolidated partnerships and joint ventures calculated to reflect FFO on the same basis. As a company with extensive real estate holdings, we believe FFO and FFO per share are important supplemental measures of our operating performance and believe they are frequently used by securities analysts, investors and other interested parties in the evaluation of REITs and other real estate operating companies many of which present FFO and FFO per share when reporting results. EBITDA, Adjusted EBITDA and FFO are useful as supplemental measures of performance of the Company's properties because such measures do not take into account depreciation and amortization, or with respect to EBITDA, the impact of the Company's tax provisions and financing strategies. Because the historical cost accounting convention used for real estate assets requires depreciation (except on land), this accounting presentation assumes that the value of real estate assets diminishes at a level rate over time. Because of the unique structure, design and use of the Company's properties, management believes that assessing performance of the Company's properties without the impact of depreciation or amortization is useful. CoreCivic may make adjustments to FFO from time to time for certain other income and expenses that it considers non-recurring, infrequent or unusual, even though such items may require cash settlement, because such items do not reflect a necessary or ordinary component of the ongoing operations of the Company. Normalized FFO excludes the effects of such items. CoreCivic calculates Adjusted Net Income by adding to GAAP Net Income expenses associated with the Company's debt repayments and refinancing transactions, and certain impairments and other charges that the Company believes are unusual or non-recurring to provide an alternative measure of comparing operating performance for the periods presented. Other companies may calculate Adjusted Net Income, EBITDA, Adjusted EBITDA, FFO and Normalized FFO differently than the Company does, or adjust for other items, and therefore comparability may be limited. Adjusted Net Income, EBITDA, Adjusted EBITDA, FFO and Normalized FFO and, where appropriate, their corresponding per share measures are not measures of performance under GAAP, and should not be considered as an alternative to cash flows from operating activities, a measure of liquidity or an alternative to net income as indicators of the Company's operating performance or any other measure of performance derived in accordance with GAAP. This data should be read in conjunction with the Company's consolidated financial statements and related notes included in its filings with the Securities and Exchange Commission.

A-2<br>

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