Quest Resource (QRHC) EVP receives 50,000 RSUs; files Form 4
Rhea-AI Filing Summary
Quest Resource Holding Corp (QRHC) reporting person: David P. Sweitzer, EVP and COO, reported changes in his beneficial ownership on 08/13/2025.
He was granted 50,000 restricted stock units (RSUs) on the grant date, each representing a contingent right to one share and issued under the companys 2024 Incentive Compensation Plan at a stated price of $0. Those RSUs vest one-third each on the first, second and third anniversaries of the grant. The Form 4 also reports a disposition of 22,425 shares and shows total beneficial ownership of 80,900 shares following the transactions. The filing notes earlier RSUs (16,667) scheduled to vest in June 2026 and June 2027 and 14,233 shares of common stock separately held.
Positive
- 50,000 RSU grant aligns executive compensation with long-term shareholder value through multi-year vesting
- Total beneficial ownership of 80,900 shares indicates meaningful insider stake
Negative
- Disposition of 22,425 shares reduces the reporting person's immediate shareholdings
- No cash purchase for the RSUs (granted at $0) means dilution potential when RSUs convert to shares
Insights
TL;DR: Executive received a 50,000-RSU grant that vests over three years, modestly boosting long-term equity alignment.
The 50,000-RSU award granted at $0 is a standard equity-based retention and incentive tool that vests in equal annual tranches, aligning the EVP/COOs compensation with multi-year shareholder outcomes. The reported disposal of 22,425 shares reduces immediate share exposure but the net reported beneficial ownership remains material at 80,900 shares. For investors, this is a routine insider compensation event rather than an operational signal; no cash consideration or exercise was required for the RSUs as reported.
TL;DR: Grant follows common governance practice; vesting schedule incentivizes retention without unusual terms disclosed.
The grant is governed by the 2024 Incentive Compensation Plan and vests in three equal installments, a conventional structure for senior executives. The filing documents prior awards and deferred stock units, indicating ongoing use of equity-based pay. There are no indicated accelerations, hedging arrangements, or related-party transactions disclosed in this Form 4. This disclosure meets routine transparency expectations for Section 16 reporting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 50,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
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) 16,667 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) 50,000 RSUs that are scheduled to vest in three equal installments on August 13, 2026, August 13, 2027 and August 13, 2028 and (c) 14,233 shares of common stock beneficially owned by the Reporting Person. These securities represent deferred stock units granted under the Issuer's 2012 Incentive Compensation Plan held by the Reporting Person.
