Quest Resource (NASDAQ: QRHC) director receives 3,097-share equity grant under 2024 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quest Resource Holding Corp director Stephen A. Nolan received 3,097 shares of Common Stock as a grant under the company’s 2024 Incentive Compensation Plan. The award was priced at $1.13 per share and is classified as a grant or other acquisition rather than an open-market purchase.
After this grant, Nolan directly holds 95,420 shares of common stock, including 20,000 restricted stock units scheduled to fully vest on August 13, 2026 and 92,585 shares beneficially owned, of which 5,000 are held jointly with his spouse. He also holds deferred stock units under the company’s 2012 and 2024 incentive plans that will convert into shares when he separates from service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Nolan Stephen A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,097 | $1.13 | $3K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 95,420 shares (Direct, null)
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 the Reporting Person's separation from service with the Issuer. The reported securities include (a) 63,059 DSUs granted under the Issuer's 2012 Incentive Compensation Plan and (b) 32,361 DSUs granted under the Issuer's 2024 Incentive Compensation Plan. The shares of common stock underlying such DSUs shall be issued upon the Reporting Person's separation from service with the Issuer. Includes (a) 20,000 restricted stock units that are scheduled to fully vest on August 13, 2026 and (b) 92,585 shares of common stock beneficially owned by the Reporting Person, of which 5,000 are held jointly by the Reporting Person and his spouse.
Key Figures
Equity grant: 3,097 shares
Grant reference price: $1.13 per share
Direct holdings after grant: 95,420 shares
+5 more
8 metrics
Equity grant
3,097 shares
Common Stock grant under 2024 Incentive Compensation Plan
Grant reference price
$1.13 per share
Price for 3,097-share Common Stock grant
Direct holdings after grant
95,420 shares
Common Stock directly held following reported transactions
Restricted stock units
20,000 units
RSUs scheduled to fully vest on August 13, 2026
2012 plan DSUs
63,059 units
Deferred stock units under 2012 Incentive Compensation Plan
2024 plan DSUs
32,361 units
Deferred stock units under 2024 Incentive Compensation Plan
Beneficially owned common
92,585 shares
Common Stock beneficially owned, including 5,000 held jointly with spouse
Jointly held shares
5,000 shares
Subset of beneficially owned shares held jointly with spouse
Key Terms
deferred stock units ("DSUs"), restricted stock units, Incentive Compensation Plan, beneficially owned
4 terms
deferred stock units ("DSUs") financial
"These reported securities represent deferred stock units ("DSUs") granted under the Issuer's 2024 Incentive Compensation Plan."
restricted stock units financial
"Includes (a) 20,000 restricted stock units that are scheduled to fully vest on August 13, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Incentive Compensation Plan financial
"granted under the Issuer's 2024 Incentive Compensation Plan."
An incentive compensation plan is a formal program that rewards employees and executives with bonuses, stock, or other payments tied to specific performance goals—such as revenue, profit, productivity, or long‑term share price. Investors watch these plans because they shape how leaders make decisions and take risks; like paying a coach by wins rather than effort, well‑designed plans can drive sustainable growth while poor designs can encourage short‑term behaviors that harm shareholder value.
beneficially owned financial
"92,585 shares of common stock beneficially owned by the Reporting Person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What did QRHC director Stephen A. Nolan report in this Form 4?
Stephen A. Nolan reported receiving a grant of 3,097 shares of Quest Resource Holding Corp common stock. The award was made under the 2024 Incentive Compensation Plan as compensation, not an open-market purchase, and increased his directly held share position in the company.
Was the QRHC Form 4 transaction an open-market buy or a stock grant?
The Form 4 shows a stock grant, not an open-market buy. Nolan received 3,097 common shares classified as a grant or other acquisition under the 2024 Incentive Compensation Plan, reflecting equity compensation rather than a discretionary market transaction in Quest Resource Holding Corp shares.
What are the deferred stock units (DSUs) reported by Stephen A. Nolan at QRHC?
The filing notes DSUs granted under QRHC’s 2012 and 2024 Incentive Compensation Plans. These deferred stock units will be settled in common shares only when Nolan separates from service with the company, aligning part of his compensation with the company’s long-term performance.
What future vesting is disclosed for Stephen A. Nolan’s QRHC equity awards?
The Form 4 states that 20,000 restricted stock units held by Nolan are scheduled to fully vest on August 13, 2026. Upon vesting, these units convert into common shares, further increasing his equity stake in Quest Resource Holding Corp if he remains in service until that date.