Form 4: VSE Corp CFO Reports Equity Compensation Activity

VSE Corp's CFO, Adam Robert Cohn, reported the vesting of restricted stock units, performance-based restricted stock units, and a new RSU grant, alongside shares withheld for tax liabilities.

Summary

• Adam Robert Cohn, Chief Financial Officer of VSE Corp (VSEC), reported several transactions related to his equity compensation.
• On February 28, 2026, 897 shares of VSE common stock were acquired upon the vesting of Restricted Stock Units (RSUs) that were granted on February 28, 2025.
• Also on February 28, 2026, 2,692 shares of VSE common stock were acquired due to the vesting of Performance-based Restricted Stock Units (PRSUs) granted on February 28, 2025, for the performance period ended December 31, 2025.
• On March 2, 2026, 1,587 shares of VSE common stock were withheld to cover tax liabilities associated with the vesting of RSUs and PRSUs, with the shares valued at $221.95 each.
• Following these reported transactions, Cohn directly beneficially owns 8,940 shares of VSE common stock.
• Additionally, on February 27, 2026, Cohn was granted 2,625 new Restricted Stock Units (RSUs).
• These newly granted RSUs will generally vest in substantially equal installments on February 27, 2027, February 27, 2028, and February 27, 2029.
• Cohn now directly beneficially owns 2,625 derivative securities (new RSUs) and 1,795 derivative securities (remaining RSUs from a previous grant).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral to slightly positive. While routine, the vesting of equity awards and a new grant indicate continued executive alignment and retention, which are generally positive signals, though not indicative of new operational performance.

Positives

• The vesting of 897 RSUs and 2,692 PRSUs indicates the achievement of performance targets or continued employment, aligning management interests with shareholder value.
• A new grant of 2,625 Restricted Stock Units on February 27, 2026, demonstrates ongoing executive compensation and retention efforts.

Negatives

• 1,587 shares of VSE common stock were withheld for tax liabilities, reducing the direct beneficial ownership of the CFO.

Future Outlook

The newly granted Restricted Stock Units (RSUs) are scheduled to vest in substantially equal installments on February 27, 2027, February 27, 2028, and February 27, 2029, indicating future equity compensation events.

Industry Context

StockSavvy.ai notes that the reported transactions, involving the vesting of restricted stock units and performance-based restricted stock units, along with a new RSU grant and tax-related share withholding, are standard practices in executive compensation across various industries. These mechanisms are commonly used to incentivize and retain key management personnel by aligning their long-term interests with shareholder value creation.

Stakeholder Impact

• Shareholders gain transparency into the equity compensation of a key executive, which can influence perceptions of management alignment and long-term commitment.

Next Steps

• Future vesting of the 2,625 Restricted Stock Units on February 27, 2027, February 27, 2028, and February 27, 2029.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to executive equity compensation, including vesting and tax withholding, which are part of a pre-arranged 10b5-1 plan. Such transactions do not typically provide new material information about the company's operational performance or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, as the filing does not present a compelling reason to alter an existing investment position.

Keywords

VSE Corp, VSEC, Form 4, Insider Transaction, CFO, Equity Compensation, Restricted Stock Units, Performance-based Restricted Stock Units, Stock Vesting, Beneficial Ownership