GEO GROUP INC
For the period ended Apr 29, 2025. Filed Mar 20, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Apr 29, 2025 · Filed Mar 20, 2025
GEO$27.80+10.4%Stored close · as of Nov 6, 2026
Contents
PENSION BENEFITS
The following table sets forth certain information with respect to each plan that provides for payments to each of the named executive officers of GEO at, following, or in connection with retirement from GEO.
| Name | Plan Name | Number of Years of Credited Service (#)(1) | Present Value of Accumulated Benefit ($)(2) | Payments During Last Fiscal Year |
|---|---|---|---|---|
| George C. Zoley | Executive Retirement Agreement | N/A | 12,616,572 | — |
| Brian R. Evans(3) | Senior Officer Retirement Plan | 24 | 2,155,215 | — |
| Mark J. Suchinski | Senior Officer Retirement Plan | — | — | — |
| Shayn P. March | Senior Officer Retirement Plan | 15 | 333,167 | — |
| Wayne Calabrese | Senior Officer Retirement Plan | — | — | — |
| James H. Black(3) | Senior Officer Retirement Plan | 26 | 1,719,173 | — |
| (1) | The benefit of Dr. Zoley under his executive retirement agreement is triggered upon the attainment of the retirement age of 55 years old without regard to years of credited service. Dr. Zoley is 55 or older and therefore all of his benefits under his executive retirement agreement are fully vested. |
| (2) | This column reflects amounts relating to each named executive officer’s retirement agreement or retirement plan. The assumptions used in GEO’s actuarial calculation of pension costs are based on payments in the form of a life annuity using market information and GEO’s historical rates for employment compensation. Such actuarial assumptions are based using mortality tables for healthy participants and include a discount rate of 5.70% and a rate of compensation increase of 4.4%. Dr. Zoley’s amount was determined using the value of his amended and restated executive retirement agreement including the 2024 annual contribution and accrued interest as of December 31, 2024. Please see discussion of the 2021 Amended and Restated Retirement Agreement in the Compensation Discussion & Analysis section above. Please see “Certain Material Executive Compensation Agreements and Arrangements” for a description of our executive and senior officer retirement agreements and arrangements. |
| (3) | Messrs. Evans and Black retired effective December 31, 2024. |
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