HireQuest (HQI) CFO receives 10,000-share equity grant with long-term vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hartley Charles David Ryan reported acquisition or exercise transactions in this Form 4 filing.
HireQuest, Inc. reported that CFO Charles David Ryan Hartley received a grant of 10,000 shares of common stock as part of his executive employment agreement. The award was made at no cash cost and brings his directly owned shares to 52,500. According to the terms, 5,000 shares vest on March 2, 2028, and 625 shares vest each fiscal quarter for eight quarters after that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hartley Charles David Ryan
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 52,500 shares (Direct)
Footnotes (1)
- Awarded for service as executive pursuant to employment agreement. 5,000 shares vest on March 2, 2028, and 625 vest each fiscal quarter for the eight fiscal quarters immediately following. Awarded as part of executive employment agreement. See note 1. The closing price on the grant date was $11.91.
FAQ
What insider transaction did HireQuest (HQI) disclose for its CFO?
HireQuest disclosed that CFO Charles David Ryan Hartley received a grant of 10,000 shares of common stock. The award was made under his executive employment agreement as compensation for service, rather than an open-market stock purchase.
At what price was the HireQuest (HQI) stock grant to the CFO valued?
The closing price of HireQuest common stock on the grant date was reported as $11.91 per share. This price provides a reference value for the 10,000-share award granted to the CFO under his executive employment agreement.
Was the HireQuest (HQI) CFO stock award a market purchase or a compensation grant?
The transaction was a compensation grant, not a market purchase. The filing describes the shares as awarded for service as an executive pursuant to an employment agreement, with a $0.00 transaction price per share reported.
What is the purpose of the HireQuest (HQI) CFO equity award mentioned in the Form 4?
The equity award was granted for service as an executive under an employment agreement. Such stock awards are typically designed to align executive incentives with shareholder interests through long-term vesting and stock-based compensation, according to the reported vesting schedule.