# EDGAR Filing Document

**Accession Number:** 0000923796
**File Stem:** 0001209191-23-009365
**Filing Date:** 2023-2
**Character Count:** 8976
**Document Hash:** 60371d68333e8d831b4af548f12f7364
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001209191-23-009365.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001209191-23-009365

**CONFORMED SUBMISSION TYPE**: 5

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** ZOLEY GEORGE C
- **CENTRAL INDEX KEY:** 0001012998

**FILING VALUES:**
- **FORM TYPE:** 5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14260
- **FILM NUMBER:** 23632580

**MAIL ADDRESS:**
- **STREET 1:** C/O THE GEO GROUP, INC.
- **STREET 2:** 4955 TECHNOLOGY WAY
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33431
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GEO GROUP INC
- **CENTRAL INDEX KEY:** 0000923796
- **STANDARD INDUSTRIAL CLASSIFICATION:** GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520]
- **IRS NUMBER:** 650043078
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 4955 TECHNOLOGY WAY
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33431
- **BUSINESS PHONE:** 561-893-0101

**MAIL ADDRESS:**
- **STREET 1:** 4955 TECHNOLOGY WAY
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33431

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WACKENHUT CORRECTIONS CORP
- **DATE OF NAME CHANGE:** 19940525

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 5

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>ZOLEY GEORGE C<br><sub>(Last) (First) (Middle)</sub><br>4955 TECHNOLOGY WAY<br><sub>(Street)</sub><br>BOCA RATON, FL 33431<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2022-12-31 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Executive Chairman_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>GEO GROUP INC [ GEO ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Phantom Stock | <sup>(1)</sup> | 2022-11-07 |  | D |  |  | 75000<sup>(2)(3)</sup> | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 75000 | 0.00<sup>(3)</sup> | 567525<sup>(4)</sup> | D |  |
| Phantom Stock | <sup>(1)</sup> | 2022-11-08 |  | D |  |  | 75000<sup>(2)(3)</sup> | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 75000 | 0.00<sup>(3)</sup> | 492525 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2022-11-09 |  | D |  |  | 75000<sup>(2)(3)</sup> | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 75000 | 0.00<sup>(3)</sup> | 417525 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2022-11-10 |  | D |  |  | 75000<sup>(2)(3)</sup> | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 75000 | 0.00<sup>(3)</sup> | 342525 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2022-11-11 |  | D |  |  | 75000<sup>(2)(3)</sup> | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 75000 | 0.00<sup>(3)</sup> | 267525 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2022-11-14 |  | D |  |  | 75000<sup>(2)(3)</sup> | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 75000 | 0.00<sup>(3)</sup> | 192525 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2022-11-15 |  | D |  |  | 75000<sup>(2)(3)</sup> | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 75000 | 0.00<sup>(3)</sup> | 117525 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2022-11-16 |  | D |  |  | 75000<sup>(2)(3)</sup> | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 75000 | 0.00<sup>(3)</sup> | 42525 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2022-11-17 |  | D |  |  | 42525<sup>(2)(3)</sup> | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 42525 | 0.00<sup>(3)</sup> | 0 | D |  |

---

### Footnotes:

(1) Each share of phantom stock was the economic equivalent of one share of common stock. The shares of phantom stock were originally payable in shares of common stock upon the reporting person's retirement from employment with The GEO Group, Inc. pursuant to the terms of the reporting person's Amended and Restated Executive Retirement Agreement, effective February 26, 2020 (the "Prior Retirement Agreement").

(2) As previously disclosed, the Company and Mr. Zoley entered into the Amended and Restated Executive Retirement Agreement, dated as of May 27, 2021 (the "Amended and Restated Executive Retirement Agreement"). Pursuant to the terms of the Amended and Restated Executive Retirement Agreement, upon the date that Mr. Zoley ceases to provide services to the Company, the Company will pay to Mr. Zoley an amount equal to the Grandfathered Payment (as defined in the Amended and Restated Executive Retirement Agreement) which shall be paid in cash, as adjusted to reflect the credit of interest and the annual contribution amount by the Company pursuant to the terms of the Amended and Restated Executive Retirement Agreement.  The Company had previously placed shares of Company common stock in rabbi trusts to fund the Company's obligation to pay Mr. Zoley's retirement benefit in shares of common stock under the terms of the Prior Retirement Agreement.

(3) The dispositions reported in this Form 5 reflect dispositions by the Company of the shares of common stock held in the rabbi trusts. Mr. Zoley did not exercise any discretion with respect to the dispositions and did not receive any proceeds from such dispositions.

(4) The amount of shares reflects an increase to the 642,118 shares previously reported as a result of 407 shares credited due to dividends declared and paid pursuant to the terms of the Prior Retirement Agreement.

**Signature:** /s/ Joe Negron as Attorney-in-Fact for George C. Zoley  
**Date:** 2023-02-14

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**