This is true. Or, I think it is, I just checked the last 10 years; the three COVID vaccines have 60% of the reports from that time.
However...
Death 5,191 1.25%
Life Threatening 7,110 1.72%
Permanent Disability 6,103 1.47%
Congenital Anomaly / Birth Defect 232 0.06%
Hospitalized 23,990 5.79%
Existing Hospitalization Prolonged 228 0.06%
Emergency Room 58,335 14.08%
Office Visit 84,704 20.44%
None of the above 274,035 66.14%
Death, life threatening events, permanent disability, birth defects, and hospitalization events accounted for about 10% of the reports. 66% of them were "None of the above". (Multiple events can be reported, i.e. hospitalization and permanent disability, resulting in >100%.)
Further, there are limitations to the conclusions that you can draw from VAERS:
"VAERS accepts reports of adverse events and reactions that occur following vaccination. Healthcare providers, vaccine manufacturers, and the public can submit reports to VAERS. While very important in monitoring vaccine safety, VAERS reports alone cannot be used to determine if a vaccine caused or contributed to an adverse event or illness. The reports may contain information that is incomplete, inaccurate, coincidental, or unverifiable. Most reports to VAERS are voluntary, which means they are subject to biases. This creates specific limitations on how the data can be used scientifically. Data from VAERS reports should always be interpreted with these limitations in mind."
If someone gets a vaccination and is then run over by a bus, that can be reported as a "Death". Additionally, given the politicization of COVID vaccines, I think we can expect that there is a strong bias towards reporting events. The COVID vaccines have a number of common side effects (mine were almost as bad as those of my shingles vaccination), which may explain some of the excess.
But fundamentally, the VAERS data simply cannot be used to determine whether or not a vaccine is unsafe.
On the other hand, consider: There have been 349,000,000 doses administered, with about 428,000 events reported, meaning that 0.12% of doses result in an event and 0.04% result in an event involving health care. I ride a motorcycle. I would be overjoyed at those kinds of safety odds.