Quest Resource (NASDAQ: QRHC) director reports new DSU grant and large indirect stake
Rhea-AI Filing Summary
Quest Resource Holding Corp director and 10% owner Daniel M. Friedberg reported an equity award of 8,532 deferred stock units (DSUs) at $1.76 per unit. These DSUs were granted under the company’s 2024 Incentive Compensation Plan and will convert into common shares when he separates from service.
Following this grant, Friedberg holds 71,160 DSUs in total, including prior awards under the 2012 and 2024 incentive plans. He also has 20,000 restricted stock units scheduled to fully vest on August 13, 2026, and 20,585 shares of common stock held directly. In addition, 2,842,353 common shares are held indirectly through Hampstead Park Environmental Services Investment Fund LLC, which is controlled by Hampstead Park Capital Management, LLC, where Friedberg serves as Chief Executive Officer.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,532 | $1.76 | $15K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These reported securities represent deferred stock units ("DSUs") granted under the Issuer's 2024 Incentive Compensation Plan. The shares of common stock underlying such DSUs shall be issued upon Mr. Friedberg's separation from service with the Issuer. The reported securities include (a) 18,153 DSUs granted under the Issuer's 2012 Incentive Compensation Plan and (b) 53,007 DSUs granted under the Issuer's 2024 Incentive Compensation Plan. The shares of common stock underlying such DSUs shall be issued upon Mr. Friedberg's separation from service with the Issuer. Includes (a) 20,000 RSUs that are scheduled to fully vest on August 13, 2026 and (b) 20,585 shares of common stock beneficially owned by Mr. Friedberg. This Form 4 is filed jointly by Hampstead Park Environmental Services Investment Fund LLC ("Hampstead Park Environmental"), Daniel Friedberg and Hampstead Park Capital Management, LLC ("Hampstead Park Capital"). Hampstead Park Capital is the sole member of Hampstead Park Environmental, and Mr. Friedberg is the Chief Executive Officer of Hampstead Park Capital; each may therefore be deemed to control Hampstead Park Environmental. In addition, Mr. Friedberg is a Director of the Issuer.