Director Shanahan awarded 1,272 HireQuest (HQI) restricted shares for board role
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shanahan Kathleen M reported acquisition or exercise transactions in this Form 4 filing.
HireQuest, Inc. director Kathleen M. Shanahan received a grant of 1,272 shares of restricted common stock as compensation for Board service in lieu of a quarterly cash retainer. Of these shares, 1,060 vest on June 2, 2026 and 212 vest on March 2, 2028. Following this award, she directly holds 77,037 shares of HireQuest common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shanahan Kathleen M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,272 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 77,037 shares (Direct)
Footnotes (1)
- Represents shares of restricted stock awarded to Ms. Shanahan in her capacity as a Director of Issuer for Board of Director services. These shares represent compensation in-lieu of a quarterly cash retainer. 1,060 of these shares vest on June 2, 2026 and 212 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 insider transaction did HireQuest (HQI) report for Kathleen M. Shanahan?
HireQuest reported that director Kathleen M. Shanahan acquired 1,272 shares of restricted common stock. The award was granted as compensation for Board of Director services, in place of a quarterly cash retainer, and will vest over time on specified future dates.
How was the value of Kathleen M. Shanahan’s HireQuest (HQI) stock grant measured?
The award was valued using the $11.91 per share closing price of HireQuest common stock on Nasdaq on the grant date. This price was noted in connection with the restricted shares granted for her Board of Director services.
Why did HireQuest (HQI) grant stock instead of cash to Kathleen M. Shanahan?
The 1,272 restricted shares granted to Kathleen M. Shanahan represent compensation in lieu of a quarterly cash retainer for Board of Director services. This structure compensates her for board duties using equity rather than a cash payment.