Form 4: VSE Corp Executive Thomas Benjamin E. Thomas Reports Stock Acquisitions Through RSU Vesting
SEC Form 4 Filing
Thomas Benjamin E. Thomas, President of VSE Aviation, Inc., reports the acquisition of VSE Corp common stock through the vesting of Restricted Stock Units (RSUs) and Performance-Based Restricted Stock Units (PRSUs).
Summary
- On March 12, 2024, Thomas Benjamin E. Thomas, President of VSE Aviation, Inc., filed a Form 4 detailing changes in beneficial ownership of VSE Corp [VSEC] stock.
- The report indicates the acquisition of common stock through the vesting of Restricted Stock Units (RSUs) and Performance-Based Restricted Stock Units (PRSUs).
- On March 10, 2024, 1,310 shares were acquired through RSU vesting and 3,639 shares were acquired through PRSU vesting.
- On March 11, 2024, 1,072 shares were acquired through RSU vesting and 1,473 shares were acquired through PRSU vesting.
- Following these transactions, Thomas directly owns 29,851 shares of VSEC common stock and 2,621 Restricted Stock Units.
- Future RSUs will vest in installments on March 8, 2025, March 8, 2026, and March 8, 2027.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Positives
- The vesting of RSUs and PRSUs indicates that Thomas Benjamin E. Thomas is meeting performance metrics or time-based vesting requirements.
Future Outlook
Future RSUs will vest in installments on March 8, 2025, March 8, 2026, and March 8, 2027.
Industry Context
Executive stock ownership changes are common and are often related to compensation plans. This filing is a routine disclosure.
Stakeholder Impact
- The vesting of RSUs and PRSUs aligns executive interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 03/11/2022 | Date of RSU grant that vested on March 11, 2024. |
| 03/10/2023 | Date of RSU grant that vested on March 10, 2024. |
| 03/08/2024 | Date of RSU grant that will vest in the future. |
| 03/10/2024 | Transaction date for RSU and PRSU vesting. |
| 03/11/2024 | Transaction date for RSU and PRSU vesting. |
| 03/12/2024 | Date of Form 4 filing. |
| 03/08/2025 | First vesting date for RSUs granted on March 8, 2024. |
| 03/08/2026 | Second vesting date for RSUs granted on March 8, 2024. |
| 03/08/2027 | Third vesting date for RSUs granted on March 8, 2024. |
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