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VSE CORP·4

Mar 10, 4:36 PM ET

Thomas Benjamin E. 4

Research Summary

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Updated

VSE (VSEC) COO Thomas Benjamin Receives Shares; 1,518 Withheld

What Happened

  • Thomas Benjamin, Chief Operating Officer of VSE Corp (VSEC), received shares upon the vesting/conversion of restricted stock units (RSUs) and performance RSUs (PRSUs). The filing shows acquisitions of 2,879 shares (award/vesting) and 978 shares (conversion of performance units), for a total of 3,857 shares acquired. To cover tax withholding, 1,518 shares were surrendered/withheld on March 9, 2026, at an implied value of $217.74 per share for a total of $330,529. The filing also records a technical derivative disposition of 978 shares (reported as $0) associated with the conversion.

Key Details

  • Transaction dates: March 8, 2026 (vesting/conversion/award); March 9, 2026 (tax withholding).
  • Reported amounts:
    • Acquired: 2,879 shares (award/vesting) and 978 shares (conversion of PRSUs) — total 3,857 shares.
    • Disposed/withheld for taxes: 1,518 shares @ $217.74 each = $330,529.
    • A derivative conversion entry for 978 shares is reported as a $0 disposition (technical reporting item).
  • Footnotes from filing:
    • F1/F3: Acquisitions represent vesting of RSUs and PRSUs granted March 8, 2024 (PRSUs for performance period ended 12/31/2025).
    • F2: Each RSU = one share of common stock.
    • F4: Withholding of shares to cover tax liability for the vesting.
    • F5: The RSUs vest in three substantially equal installments.
  • Shares owned after transaction: Not provided in the excerpt of the filing.
  • Filing timeliness: Reported on March 10, 2026 for transactions on March 8–9, 2026 (appears timely).

Context

  • These transactions are primarily award-based (vesting/conversion of RSUs and PRSUs), not open-market buys or discretionary sales. The withholding of 1,518 shares to cover taxes is a routine administrative disposition and does not necessarily indicate an active sale for investment reasons.
  • The derivative entries reflect conversion/exercise of performance-based units into common shares; some entries can appear as both acquisition and technical disposition on Form 4 for administrative or tax-settlement reasons.