[Form 4] VSE CORP Insider Trading Activity

Rhea-AI Filing Summary

Edward P. Dolanski, a director of VSE CORP (VSEC), acquired 34 shares of the company's common stock on 09/15/2025 at a reported price of $165.48 per share. After the transaction he beneficially owned 8,065 shares directly. The filing states the 34 shares were issued as payment for a portion of his quarterly cash retainer for service as a director. The Form 4 was executed by Tobi Lebowitz, Attorney-in-Fact, on 09/17/2025.

Positive

• Director alignment: Director elected to receive part of his retainer in stock, which can align interests with shareholders.
• Transparent disclosure: Transaction date, price, and resulting beneficial ownership are clearly reported in the Form 4.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director stock issuance for compensation; small ownership change, neutral market impact.

The filing documents a director receiving 34 shares as equity compensation in lieu of cash, at $165.48 per share, raising his direct beneficial ownership to 8,065 shares. This is a routine Section 16 disclosure reflecting director compensation practices rather than an open-market trade or strategic corporate action. The size of the grant is small relative to typical public-company floats and is unlikely to materially affect valuation or liquidity.

Corporate Governance Expert

TL;DR: Director election of equity over cash aligns interests but represents routine compensation disclosure.

Documentation explicitly states the shares were issued to satisfy a portion of the quarterly cash retainer for board service, which is a common governance practice to align directors with shareholders. The Form 4 properly discloses the transaction date, price, and resulting ownership. There is no indication of any related-party transaction beyond standard director compensation.

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

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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).

1. Name and Address of Reporting Person^*

Dolanski Edward P

(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)
09/15/2025

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	09/15/2025		A		34(1)	A	$165.48	8,065	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	09/17/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Edward P. Dolanski report in the Form 4 for VSEC?

He reported an acquisition of 34 shares of VSE CORP common stock on 09/15/2025 at a price of $165.48 per share.

Why were the 34 shares issued to the director?

The filing states the shares were issued to satisfy a portion of the director's quarterly cash retainer for service as a director.

How many VSE shares does Edward P. Dolanski beneficially own after the reported transaction?

The Form 4 reports he beneficially owned 8,065 shares directly following the transaction.

When was the Form 4 signed and who executed it?

The Form 4 was executed by Tobi Lebowitz, Attorney-in-Fact on 09/17/2025.

Does this Form 4 show an open-market purchase or an issuance?

This Form 4 indicates an issuance of shares as compensation, not an open-market purchase.