Form 4: VSE Corp CFO Stephen Griffin Reports Stock Transactions Following RSU and PRSU Vesting

Senior Vice President and CFO of VSE Corp, Stephen Griffin, reports the acquisition and disposal of VSE common stock related to the vesting of Restricted Stock Units (RSUs) and Performance-Based Restricted Stock Units (PRSUs).

Summary

• On March 10 and 11, 2024, Stephen Griffin, the Senior Vice President and CFO of VSE Corp, engaged in transactions involving the company's common stock.
• These transactions included the acquisition of shares upon the vesting of RSUs and PRSUs granted in 2022 and 2023.
• Griffin acquired 1,832 shares on March 10, 2024, related to RSUs granted on March 10, 2023.
• Additionally, 5,132 shares were acquired on March 10, 2024, related to PRSUs granted on the same date for the performance period ended December 31, 2023.
• On March 11, 2024, Griffin acquired 1,324 shares related to RSUs granted on March 11, 2022, and 1,821 shares related to PRSUs granted on the same date for the performance period ended December 31, 2023.
• 3,031 shares were withheld on March 11, 2024, to cover the tax liability associated with the vesting of the RSUs and PRSUs at a price of $75.12.
• Following these transactions, Griffin directly owns 26,069 shares of VSE common stock.
• He also holds 3,666 Restricted Stock Units granted on 03/10/2023 and 1,324 Restricted Stock Units granted on 3/11/2022.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine stock transactions related to executive compensation. There are no explicit positive or negative indicators about the company's performance.

Positives

• The vesting of RSUs and PRSUs indicates that performance metrics were likely met, at least partially, triggering the vesting events.

Negatives

• The withholding of 3,031 shares to cover tax liabilities reduced Griffin's net share gain.

Risks

• Significant stock transactions by executives could be perceived negatively if they are interpreted as a lack of confidence in the company's future prospects, although vesting events are generally pre-planned.

Industry Context

Executive compensation in publicly traded companies often includes stock-based awards like RSUs and PRSUs to align management's interests with those of shareholders. Vesting schedules and performance criteria are designed to incentivize long-term value creation.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies, particularly for executive roles.
• Companies like Lockheed Martin, General Dynamics, and Boeing also utilize RSUs and PRSUs as part of their executive compensation packages.
• The vesting schedules and performance metrics associated with these awards vary depending on the company's specific goals and industry practices.

Stakeholder Impact

• The vesting of RSUs and PRSUs aligns management's interests with those of shareholders, incentivizing long-term value creation.

Key Dates