Quest Resource (NASDAQ: QRHC) director awarded 2,966 RSUs as stock-based pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quest Resource Holding Corp director Glenn Culpepper received a stock-based compensation award rather than buying shares on the market. He was granted 2,966 restricted stock units (RSUs) on May 31, 2026 at a reference price of $1.18 per share under the company’s 2024 Incentive Compensation Plan.
Each RSU represents the right to receive one share of common stock when it vests, and these RSUs are scheduled to fully vest on May 31, 2027. Following this grant, Culpepper directly beneficially owns 64,551 common shares and RSUs, including 20,000 RSUs scheduled to vest on August 13, 2026 and 41,585 already-owned common shares, plus 21,629 deferred stock units that will convert to shares when he leaves service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Culpepper Glenn
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,966 | $1.18 | $3K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 64,551 shares (Direct, null)
Footnotes (1)
- These reported securities represent restricted stock units ("RSUs") granted on May 31, 2026 under the Issuer's 2024 Incentive Compensation Plan. Each RSU represents a contingent right to receive one share of common stock upon vesting. The RSUs are scheduled to vest on May 31, 2027. Includes (a) 2,966 RSUs that are scheduled to fully vest on May 31, 2027, (b) 20,000 RSUs that are scheduled to fully vest on August 13, 2026 and (c) 41,585 shares of common stock beneficially owned by the Reporting Person. The reported securities include (a) 15,000 deferred stock units ("DSUs") granted under the Issuer's 2012 Incentive Compensation Plan and (b) 6,629 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.
Key Figures
RSUs granted: 2,966 units
Grant reference price: $1.18 per share
Post‑grant direct holdings: 64,551 shares/RSUs
+4 more
7 metrics
RSUs granted
2,966 units
Restricted stock units granted on May 31, 2026
Grant reference price
$1.18 per share
Price per share for the RSU grant
Post‑grant direct holdings
64,551 shares/RSUs
Total common shares and RSUs beneficially owned directly after grant
Additional RSUs vesting
20,000 RSUs
RSUs scheduled to fully vest on August 13, 2026
Common shares owned
41,585 shares
Common stock beneficially owned by the reporting person
Deferred stock units
21,629 DSUs
Deferred stock units issuable upon separation from service
RSU vesting date
May 31, 2027
Scheduled vesting date of the 2,966 new RSUs
Key Terms
restricted stock units ("RSUs"), 2024 Incentive Compensation Plan, deferred stock units ("DSUs"), beneficially owned, +1 more
5 terms
restricted stock units ("RSUs") financial
"These reported securities represent restricted stock units ("RSUs") granted on May 31, 2026 under the Issuer's 2024 Incentive Compensation Plan."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2024 Incentive Compensation Plan financial
"These reported securities represent restricted stock units ("RSUs") granted on May 31, 2026 under the Issuer's 2024 Incentive Compensation Plan."
deferred stock units ("DSUs") financial
"The reported securities include (a) 15,000 deferred stock units ("DSUs") granted under the Issuer's 2012 Incentive Compensation Plan and (b) 6,629 DSUs granted under the Issuer's 2024 Incentive Compensation Plan."
beneficially owned financial
"Includes (a) 2,966 RSUs..., (b) 20,000 RSUs... and (c) 41,585 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.
separation from service financial
"The shares of common stock underlying such DSUs shall be issued upon the Reporting Person's separation from service with the Issuer."
FAQ
What insider transaction did QRHC director Glenn Culpepper report on this Form 4?
Glenn Culpepper reported receiving 2,966 restricted stock units as a grant, not an open-market share purchase. The RSUs were awarded under Quest Resource Holding Corp’s 2024 Incentive Compensation Plan on May 31, 2026 at a reference price of $1.18 per share.
When do Glenn Culpepper’s new QRHC restricted stock units vest?
The 2,966 restricted stock units granted to Glenn Culpepper are scheduled to fully vest on May 31, 2027. Upon vesting, each RSU converts into one share of Quest Resource Holding Corp common stock, increasing his actual share ownership at that time.
What additional deferred stock units does Glenn Culpepper hold in QRHC?
The filing notes 21,629 deferred stock units held by Glenn Culpepper, consisting of 15,000 units under the 2012 plan and 6,629 under the 2024 plan. These convert into common shares only when he separates from service with Quest Resource Holding Corp.
Is Glenn Culpepper’s QRHC Form 4 transaction a market buy or compensation grant?
The Form 4 reflects a compensation grant, not a market purchase. The 2,966 units are restricted stock units awarded under an incentive compensation plan, meaning Culpepper did not buy these shares in the open market, but received them as part of his director compensation.