Quest Resource (QRHC) Forms: CFO Receives 40,000 RSUs, Three-Year Vesting
Rhea-AI Filing Summary
Brett W. Johnston, Sr. VP of Finance and CFO of Quest Resource Holding Corp (QRHC), was granted 40,000 restricted stock units (RSUs) on August 13, 2025. Each RSU represents a contingent right to one share of common stock upon vesting and the award is governed by the Issuer's 2024 Incentive Compensation Plan. The RSUs vest in three equal annual installments beginning August 13, 2026. Following this grant and previously reported RSUs, the reporting person beneficially owns 87,583 shares or RSU equivalents, comprised of previously reported 13,333 RSUs, the new 40,000 RSUs, and 34,250 actual shares. The Form 4 was signed August 14, 2025.
Positive
- 40,000 RSUs granted to the CFO on 08/13/2025, increasing long-term alignment with shareholders
- Vesting over three years (one-third each year) supports retention and continued service
- Total beneficial ownership reported as 87,583 shares/RSU equivalents, combining prior RSUs and owned shares
- No cash exercise price at grant (reported price $0), indicating a direct service-based award rather than a purchase)
Negative
- None.
Insights
TL;DR: A routine executive RSU grant increases insider alignment without immediate cash flow impact.
The 40,000 RSU award to the CFO is a standard equity-based compensation tool designed to align management incentives with shareholders. The three-year cliff/graded vesting schedule spreads service-based retention incentives over time. The report quantifies total insider holdings at 87,583 shares/RSU equivalents, combining prior RSUs and owned shares, which modestly raises the executive's stake in the company. There is no cash purchase or exercise price required at grant.
TL;DR: Grant follows typical compensation governance practices; vesting schedule supports retention.
The grant is governed by the 2024 Incentive Compensation Plan and vests in three equal annual installments, consistent with common governance practices to promote long-term focus and retention. The filing clearly discloses prior reported RSUs and current beneficial ownership, which supports transparency for stakeholders monitoring insider holdings and potential dilution upon vesting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 40,000 | $0.00 | -- |
Footnotes (1)
- Represents restricted stock units ("RSUs") granted to the Reporting Person on August 13, 2025 (the "Grant Date") and is subject to the terms and conditions of the Issuer's 2024 Incentive Compensation Plan. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. The RSUs are scheduled to vest as follows: one-third upon the first anniversary of the Grant Date, one-third upon the second anniversary of the Grant Date, and one-third upon the third anniversary of the Grant Date. The Reporting Person has reported prior awards of RSUs in Table II of Form 4. Includes (a) 13,333 RSUs, which the reporting person previously reported on Table II of Form 4, that are scheduled to vest in two equal installments on June 26, 2026 and June 26, 2027, (b) 40,000 RSUs that are scheduled to vest in three equal installments on August 13, 2026, August 13, 2027 and August 13, 2028 and (c) 34,250 shares of common stock beneficially owned by the Reporting Person.
