rcarter is wrong also - Jr. Does not own OPCO. I just don't know where this stuff comes from (cleo? Litt? r7?).
First, CCA and PZN were separate publicly owned companies (Doc ran both). On 1/1/99 they merged, and shareholders of each got stock in new PZN. Because new PZN wanted to be a REIT, some of its operations were put into two subsidiaries, wholly owned by PZN. The bulk of the management business was "sold" to a new company (OPCO) for $134MM (note). The new company (OPCO, now known as CCA)was formed from scratch. It was capitized with $16MM of cash, split between two PZN shareholders, a Ron Baron mutual fund and Sodexho. For that they each got 16% of the stock of OPCO. 9.5% was kept by PZN. The balance of 58.5% was given to the following groups of people: 30% to management employees of OPCO (used to work for old CCA, but not PZN(neither Doc nor his son got any of this block); 19.1% to wardens and other OPCO employees (again, Doc and Jr. not included); 8% by management employees of New PZN (Doc excluded, but maybe not Jr.); 1.4% by other new PZN employees (not Doc or Jr.).
I saw a list of the emplyees once, I thought, and I don't remember seeing Jr. on the list. I could be wrong. But even if he were on the list, it could only be for a piece of the 8%.
I believe that the employees had to pay tax on the "value" of the stock they received (based on $50MM total value, unless it was restricted somehow). Old CCA took a Q4 charge for the value given to employees.