VSE director receives 62-share stock retainer award

EBERHART RALPH E reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

EBERHART RALPH E reported acquisition or exercise transactions in this Form 4 filing.

VSE Corp director Ralph E. Eberhart received a stock award of 62 shares of common stock, valued at $194.08 per share, as part of his quarterly cash retainer for board service. After this grant, he directly holds 47,387 shares of VSE common stock.

Insider Trade Summary 10b5-1

Grant/Award: 62 shares

Grant/Award 1 txn

Insider EBERHART RALPH E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $.05	62	$194.08	$12K

Holdings After Transaction: Common Stock, par value $.05 — 47,387 shares (Direct)

Footnotes (1)

1. F1. Represents shares issued for a portion of the quarterly cash retainer for service as a director.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did VSE (VSEC) report for Ralph E. Eberhart?

VSE reported that director Ralph E. Eberhart received an award of 62 shares of common stock. The shares were issued as part of his quarterly cash retainer for service on the company’s board of directors.

Was the VSE (VSEC) Form 4 transaction a market purchase or a stock award?

The Form 4 shows a stock award, not a market purchase. Code “A” indicates a grant or award, and a footnote clarifies the 62 shares were issued for a portion of Eberhart’s quarterly cash retainer as a director.

What price was used for Ralph E. Eberhart’s VSE (VSEC) stock award?

The 62 awarded shares of VSE common stock were valued at $194.08 per share. This price is used to record the grant’s value for reporting, reflecting how the non-cash portion of the director’s quarterly retainer is measured.

How many VSE (VSEC) shares does Ralph E. Eberhart hold after this Form 4?

After receiving the 62-share award, Ralph E. Eberhart directly holds 47,387 shares of VSE common stock. This figure, reported in the Form 4, represents his direct ownership position following the compensation-related grant.

Why did VSE (VSEC) issue shares instead of cash to its director?

The filing explains that the 62 shares were issued for a portion of the director’s quarterly cash retainer. This means VSE compensated Ralph E. Eberhart partly in stock rather than all cash for his board service.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/17/2026 - 04:35 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

EBERHART RALPH E

(Last) (First) (Middle)

3361 ENTERPRISE WAY

(Street)

MIRAMAR FL 33025

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VSE CORP [ VSEC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $.05	03/16/2026		A		62(1)	A	$194.08	47,387	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares issued for a portion of the quarterly cash retainer for service as a director.

	Tobi Lebowitz, Attorney-in-Fact	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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