Form 4: VSE Corp Executive Chad Wheeler Reports Stock Transactions
SEC Form 4 Filing
Chad Wheeler, President of Wheeler Fleet at VSE Corp, reports acquisition and disposal of VSE common stock related to vesting of restricted stock units (RSUs) and performance-based restricted stock units (PRSUs).
Summary
- On March 31, 2024, Chad Wheeler acquired 2,424 shares of VSE common stock upon the vesting of PRSUs granted on March 31, 2021, for the performance period ended December 31, 2023.
- Also on March 31, 2024, Wheeler acquired 1,216 shares of VSE common stock upon the vesting of RSUs.
- On April 1, 2024, 998 shares of VSE common stock were withheld for the tax liability associated with the vesting of RSUs and PRSUs at a price of $79.02 per share.
- Following these transactions, Wheeler beneficially owns 30,868 shares of VSE common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/31/2021 | Date of grant for PRSUs that vested on March 31, 2024 |
| 12/31/2023 | Performance period end date for PRSUs |
| 03/31/2024 | Acquisition of shares upon vesting of PRSUs and RSUs |
| 04/01/2024 | Withholding of shares for tax liability |
| 04/02/2024 | Date of signature for the Form 4 filing |
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