Form 4: VSE Corp CEO John Cuomo Reports Stock Transactions Following RSU and PRSU Vesting
SEC Form 4 Filing
VSE Corp CEO John Cuomo reports the acquisition and disposal of company stock following the vesting of restricted stock units (RSUs) and performance-based restricted stock units (PRSUs).
Summary
- On March 8, 2025, VSE Corp CEO John Cuomo acquired 4,692 shares of common stock upon the vesting of RSUs granted on March 8, 2024.
- He also acquired 13,865 shares of common stock upon the vesting of PRSUs granted on the same date for the performance period ended December 31, 2024.
- On March 10, 2025, Cuomo acquired 6,694 shares of common stock upon the vesting of RSUs granted on March 10, 2023.
- Additionally, he acquired 20,081 shares of common stock upon the vesting of PRSUs granted on the same date for the performance period ended December 31, 2024.
- 17,838 shares were withheld for tax liabilities associated with the vesting of the RSUs and PRSUs at a price of $113.97.
- Following these transactions, Cuomo directly owns 140,149 shares of VSE Corp common stock.
Sentiment
Score: 6
Explanation: The document is neutral, reporting routine stock transactions. The vesting of RSUs and PRSUs suggests that performance targets were met, which is mildly positive.
Positives
- The vesting of RSUs and PRSUs indicates that performance metrics were likely met, which is a positive signal.
Negatives
- The withholding of 17,838 shares to cover tax liabilities reduced Cuomo's net gain from the vesting events.
Risks
- There are no specific risks mentioned in this document.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in company stock. The vesting of RSUs and PRSUs is a common form of executive compensation.
Comparison to Industry Standards
- Executive compensation packages often include a mix of salary, stock options, restricted stock units (RSUs), and performance-based restricted stock units (PRSUs).
- The vesting schedules and performance metrics associated with RSUs and PRSUs vary widely across industries and companies.
- Companies like Lockheed Martin, General Dynamics, and Boeing also utilize similar equity-based compensation plans for their executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| March 10, 2023 | Date of grant for RSUs that vested on March 10, 2025. |
| March 8, 2024 | Date of grant for RSUs and PRSUs that vested on March 8, 2025. |
| December 31, 2024 | Performance period end date for PRSUs vesting on March 8 and March 10, 2025. |
| March 8, 2025 | Date of RSU and PRSU vesting and stock acquisition. |
| March 10, 2025 | Date of RSU and PRSU vesting and stock acquisition, and tax withholding. |
| March 11, 2025 | Date of Farinaz S. Tehrani's signature as Attorney-in-Fact. |
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