Benjamin E. Thomas - 08 Mar 2024 Form 4 Insider Report for VSE CORP (VSEC)

Role
President, VSE Aviation, Inc.
Signature
Farinaz S. Tehrani, Attorney-in-Fact
Issuer symbol
VSEC
Transactions as of
08 Mar 2024
Net transactions value
$0
Form type
4
Filing time
12 Mar 2024, 16:11:45 UTC
Previous filing
02 Jan 2024
Next filing
02 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VSEC Common Stock Options Exercise +1,310 +5.9% 23,667 10 Mar 2024 Direct F1, F2
transaction VSEC Common Stock Award $0 +3,639 +15% $0.000000 27,306 10 Mar 2024 Direct F3
transaction VSEC Common Stock Options Exercise +1,072 +3.9% 28,378 11 Mar 2024 Direct F2, F4
transaction VSEC Common Stock Award $0 +1,473 +5.2% $0.000000 29,851 11 Mar 2024 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VSEC Restricted Stock Units Award $0 +2,933 $0.000000 2,933 08 Mar 2024 Common Stock 2,933 Direct F2, F6
transaction VSEC Restricted Stock Units Options Exercise $0 -1,310 -33% $0.000000 2,621 10 Mar 2024 Common Stock 1,310 Direct F2, F7
transaction VSEC Restricted Stock Units Options Exercise $0 -1,072 -50% $0.000000 1,072 11 Mar 2024 Common Stock 1,072 Direct F2, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Represents acquisition of shares of VSE common stock upon vesting of RSUs that were granted on March 10, 2023.
F2 Each restricted stock unit represents a right to receive one share of VSEC common stock.
F3 Represents acquisition of shares of VSE common stock upon vesting of PRSUs that were granted on March 10, 2023 for the performance period ended December 31, 2023.
F4 Represents acquisition of shares of VSE common stock upon vesting of RSUs that were granted on March 11, 2022.
F5 Represents acquisition of shares of VSE common stock upon vesting of PRSUs that were granted on March 11, 2022 for the performance period ended December 31, 2023.
F6 The restricted stock units will generally vest in substantially equal installments on each of March 8, 2025, March 8, 2026 and March 8, 2027.
F7 These restricted stock units granted on 3/10/2023 vest in three equal annual installments.
F8 These restricted stock units granted on 3/11/2022 vest in three equal annual installments.