SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 8.1% Beneficial Ownership in VSE Corp
Beneficial Ownership Report
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have filed an amended Schedule 13G, reporting a combined beneficial ownership of 8.1% in VSE Corp's common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 1,677,006.09 shares of VSE Corp's common stock.
- This represents 8.1% of VSE Corp's total outstanding common stock.
- FMR LLC holds sole voting power over 1,676,299.00 shares and sole dispositive power over 1,677,006.09 shares.
- Abigail P. Johnson holds sole dispositive power over 1,677,006.09 shares, with no sole or shared voting power.
- The filing is an Amendment No. 17 to a Schedule 13G, indicating an update to a previously reported stake.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of VSE Corp.
Sentiment
Score: 5
Explanation: The document is a factual regulatory filing reporting beneficial ownership. It does not contain positive or negative operational or financial news, thus a neutral sentiment score is appropriate. The certification of passive intent is mildly positive but doesn't warrant a higher score.
Positives
- The disclosure of an 8.1% stake by a major institutional investor like FMR LLC and its key executive can be viewed as a vote of confidence in VSE Corp.
- The certification explicitly states that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control, suggesting a passive investment intent.
Future Outlook
NA
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
Industry Context
NA
Stakeholder Impact
- Shareholders of VSE Corp: The disclosure of a significant 8.1% stake by a major institutional investor like FMR LLC could be viewed positively, indicating institutional confidence. The passive nature of the investment (not seeking control) might reassure existing management and shareholders.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its subsidiaries, authorizing Stephanie J. Brown to sign. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC, incorporating Exhibit 24 (Power of Attorney) by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson, authorizing Stephanie J. Brown to sign. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC, incorporating Exhibit 24 (Power of Attorney for Abigail P. Johnson) by reference. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date for beneficial ownership). |
| 2025-02-11 | Date of filing of this Schedule 13G Amendment No. 17. |
Keywords
VSE Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor, Equity Stake, Investment Management
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