Adam Robert Cohn - 11 Sep 2024 Form 4 Insider Report for VSE CORP (VSEC)

Role
Chief Financial Officer
Signature
Farinaz S. Tehrani, Attorney-in-Fact
Issuer symbol
VSEC
Transactions as of
11 Sep 2024
Net transactions value
$0
Form type
4
Filing time
13 Sep 2024, 16:25:40 UTC
Previous filing
13 Sep 2024
Next filing
03 Mar 2025
SEC
View on sec.gov

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 +23,992 $0.000000 23,992 11 Sep 2024 Common Stock, par value $.05 23,992 Direct F1, F2
transaction VSEC Restricted Stock Units Award $0 +3,959 +17% $0.000000 27,951 11 Sep 2024 Common Stock, par value $.05 3,959 Direct F1, 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 Each restricted stock unit represents a contingent right to receive one share of VSEC common stock.
F2 The restricted stock units will vest in the following installments: 25% on September 11, 2025, 25% on September 11, 2026, and 50% on September 11, 2027.
F3 The restricted stock units will generally vest in substantially equal installments on each of March 8, 2025, March 8, 2026, and March 8, 2027.