Damon T. Hininger has been the CEO of CoreCivic, Inc. since October 2009. With a B.S. from Kansas State University and an M.B.A. from Belmont University, he started his career as a correctional officer in 1992 and moved up through...

Damon T. Hininger has been the CEO of CoreCivic, Inc. since October 2009. With a B.S. from Kansas State University and an M.B.A. from Belmont University, he started his career as a correctional officer in 1992 and moved up through various roles, showing his deep connection to the company. He earned a significant total compensation of $5.79 million in 2023, reflecting both a salary and performance-based bonuses, indicating that his work aligns with the company's goals. Hininger's leadership has guided CoreCivic through key transitions and growth periods. He has performed well in managing risks and overseeing projects that impact the company’s direction, focusing on metrics like Adjusted EBITDA. Notably, under his watch, CoreCivic has seen his stock holdings rise significantly, especially between 2019 and 2020 when values fluctuated significantly. His extensive tenure and commitment to the company’s mission paint a picture of his dedication to improving both the business and the communities it serves. Hininger also serves as a board member for the United Way of Metropolitan Nashville, highlighting his commitment to corporate social responsibility, which resonates with both employees and shareholders.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

C

Damon T. Hininger

CEO of CoreCivic

Education

Bachelor's degree in Accounting from Kansas State University, MBA from Vanderbilt University

Field of Expertise

Business & Management

Sector of Economy

Real Estate

Born

January 1, 1970 - 55 years ago

CEO of CoreCivic for

15 years 7 months (Oct 2009 - Present)

Previous Experience

President and Chief Operating Officer at CoreCivic

Rivals

Competitors/colleagues of Damon T. Hininger

Holdings

See how much did Damon T. Hininger make over time.

Damon T. Hininger has been active in trading CoreCivic shares, witnessing significant fluctuations in his stock portfolio. From 2019 to 2022, there were monthly values ranging from $4.30 million to as high as $12.58 million, showing a dynamic holding pattern....

Damon T. Hininger has been active in trading CoreCivic shares, witnessing significant fluctuations in his stock portfolio. From 2019 to 2022, there were monthly values ranging from $4.30 million to as high as $12.58 million, showing a dynamic holding pattern. His holdings peaked in early 2024, reflecting a strong market performance under his leadership. This rise in value showcases the investors' confidence in Hininger’s management style and strategy. Over the years, he has benefitted from favorable stock vesting schedules and performance incentives that underline his commitment to aligning his personal success with that of the company. The ups and downs in his trading values mirror the changes in CoreCivic’s operational landscape, making his financial decisions particularly revealing about market perceptions of the company’s performance.

Total Stock Sold

$7.62M

CXW

$7.62M

353,573 CXW shares

What if they kept their stock?

If Damon T. Hininger didn't sell their stock, today they would have:
Extra CXW353,573 shares worth $3.62M.
This is -52.51% and $4.00M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Damon T. Hininger.

CXW

$399.95K

CXW at $12.50/share

Aug 14, 2024

Sale

CXW

$738.68K

CXW at $14.62/share

Mar 8, 2024

Sale

CXW

185,100 shares

CXW

Feb 20, 2024

Received

CXW

84,270 shares

CXW

Feb 15, 2024

Received

CXW

$482.47K

CXW at $10.37/share

Aug 10, 2023

Sale

CXW

85,152 shares

CXW

Feb 21, 2023

Received

CXW

101,911 shares

CXW

Feb 16, 2023

Received

CXW

$662.10K

CXW at $11.42/share

Nov 15, 2022

Sale

CXW

90,157 shares

CXW

Mar 30, 2022

Received

CXW

93,075 shares

CXW

Feb 18, 2022

Received

Compensation History

See how much did Damon T. Hininger make over time.

In 2023, Damon T. Hininger earned a total compensation of $5.79 million. This includes a base salary of $1.06 million, performance-based bonuses amounting to $1.79 million, and vested stock worth $1.96 million. His compensation structure is designed to incentivize performance, tying a large part of his earnings to the company's success metrics like EBITDA and strategic goals. This balance of short-term and long-term incentives illustrates a strong connection between Hininger's leadership and shareholder interests. Year after year, his earnings have shown consistency with a clear commitment from the board to reward strong performance, directly linking his success to that of CoreCivic, indicating a performance-focused culture at the company. As he has drawn a rising total in recent years, it reflects not only the company’s performance but also his role in navigating challenges and optimizing operational results for sustainable growth.

Year

2023

Total Compensation

$4.95M

Salary

$1.06M

Board Justification

The compensation philosophy is designed to attract, retain, and motivate qualified executives through a balanced mix of short-term and long-term incentives that align with company performance and stockholder interests.

Bonus

$1.79M

Board Justification

Cash incentive plan compensation earned pursuant to the Company’s annual cash incentive plan based on performance metrics for the year 2023.

Other

$142.91K

Board Justification

Other compensation includes company match to 401(k) plan, company match to DCP, life insurance premiums, long-term disability premiums, and other benefits.

Restricted Stock

$1.96M(186.68K RSU)

Board Justification

The stock awards that vested in 2023, including performance-based RSUs and time-based RSUs, based on the achievement of annual performance targets.

Performance Metrics

Performance metrics include Adjusted EBITDA, Short-Term Business Goals, and Strategic Business Goals.