HireQuest (HQI) director Edward Jackson receives 907-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JACKSON EDWARD reported acquisition or exercise transactions in this Form 4 filing.
HireQuest, Inc. director Edward Jackson received an award of 907 shares of common stock as restricted stock compensation for his Board service. The grant is in lieu of a quarterly cash retainer. According to the filing, 756 of these shares vest on June 2, 2026 and 151 shares vest on March 2, 2028.
After this grant, Jackson directly owns 2,639,184 shares of HireQuest common stock. A footnote notes that the closing price of the company’s common stock on Nasdaq on the grant date was $11.91 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JACKSON EDWARD
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 907 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,639,184 shares (Direct)
Footnotes (1)
- Represents shares of restricted stock awarded to Mr. Jackson in his capacity as a Director of Issuer for Board of Director services. These shares represent compensation in-lieu of a quarterly cash retainer. 756 of these shares vest on June 2, 2026 and 151 shares vest on March 2, 2028. Shares awarded for board service. See note 1. The closing price of the Issuer's Common Stock on Nasdaq on the date of the grant was $11.91 per share.
FAQ
What did HireQuest (HQI) director Edward Jackson report in this Form 4?
Edward Jackson reported receiving 907 shares of HireQuest common stock as a restricted stock award for Board service. The award is compensation instead of a quarterly cash retainer, increasing his direct ownership to 2,639,184 shares after the transaction.
Is the HireQuest (HQI) Form 4 transaction a purchase or an award?
The transaction is an award of restricted stock, not an open-market purchase. Jackson received 907 shares as compensation for serving on the Board of Directors, in lieu of a quarterly cash retainer, with specified vesting dates.
What price reference is given for the HireQuest (HQI) restricted stock grant?
A footnote states that the closing price of HireQuest’s common stock on Nasdaq on the grant date was $11.91 per share. This price is provided as a reference for the value of the restricted stock award granted for Board service.