Form 4: VSE Corp Executive Farinaz S. Tehrani Reports Stock Transactions Following RSU and PRSU Vesting
SEC Form 4 Filing
Farinaz S. Tehrani, Chief Legal Officer of VSE Corp, 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 12, 2024, Farinaz S. Tehrani, Chief Legal Officer of VSE Corp, filed a Form 4 detailing changes in beneficial ownership of VSE common stock.
- The transactions involve the vesting of Restricted Stock Units (RSUs) and Performance-Based Restricted Stock Units (PRSUs) granted in 2022 and 2023.
- Tehrani acquired shares upon the vesting of RSUs and PRSUs on March 10 and March 11, 2024.
- A portion of the shares were withheld to cover tax liabilities associated with the vesting.
- Following these transactions, Tehrani directly owns 14,104 shares of VSE common stock and various restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment. It reflects standard executive compensation practices.
Future Outlook
The restricted stock units will vest in installments over the next three years, indicating continued equity-based compensation for the reporting person.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Vesting of RSUs and PRSUs is a common form of executive compensation.
Comparison to Industry Standards
- Equity compensation through RSUs and PRSUs is a standard practice among publicly traded companies to align executive interests with shareholder value.
- Companies like Lockheed Martin, General Dynamics, and Boeing also utilize similar equity-based compensation plans for their executives.
- The vesting schedules and performance metrics associated with these grants vary depending on the company's specific goals and industry practices.
Stakeholder Impact
- The transactions have a minor impact on shareholders, as they involve the issuance of shares related to existing compensation plans.
- Employees may be affected by similar equity compensation plans within the company.
- The transactions do not directly impact customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/11/2022 | Date of grant for some of the RSUs vesting on 03/11/2024. |
| 03/10/2023 | Date of grant for some of the RSUs and PRSUs vesting on 03/10/2024. |
| 12/31/2023 | Performance period end date for PRSUs vesting on 03/10/2024 and 03/11/2024. |
| 03/08/2024 | Transaction date for acquisition of 2,176 Restricted Stock Units. |
| 03/10/2024 | Transaction date for acquisition of shares upon vesting of RSUs and PRSUs. |
| 03/11/2024 | Transaction date for acquisition of shares upon vesting of RSUs and PRSUs, and withholding of shares for tax liability. |
| 03/12/2024 | Date of Form 4 filing. |
| 03/08/2025 | First vesting date for 2,176 Restricted Stock Units. |
| 03/08/2026 | Second vesting date for 2,176 Restricted Stock Units. |
| 03/08/2027 | Third vesting date for 2,176 Restricted Stock Units. |
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