Stephen D. Griffin - Mar 31, 2024 Form 4 Insider Report for VSE CORP (VSEC)

Signature
Farinaz S. Tehrani, Attorney-in-Fact
Stock symbol
VSEC
Transactions as of
Mar 31, 2024
Transactions value $
-$91,663
Form type
4
Date filed
4/2/2024, 05:04 PM
Previous filing
Mar 12, 2024
Next filing
Jun 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VSEC Common Stock, par value $.05 Award $0 +2.57K +9.85% $0.00 28.6K Mar 31, 2024 Direct F1
transaction VSEC Common Stock, par value $.05 Options Exercise $0 +1.29K +4.49% $0.00 29.9K Mar 31, 2024 Direct F2
transaction VSEC Common Stock, par value $.05 Tax liability -$91.7K -1.16K -3.88% $79.02 28.8K Apr 1, 2024 Direct F3
* 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 PRSUs that were granted on March 31, 2021 for the performance period ended December 31, 2023.
F2 Represents acquisition of shares of VSE common stock upon vesting of RSUs.
F3 Represents withholding of shares of VSE common stock for the tax liability associated with the vesting of RSUs and PRSUs.