Quest Resource (QRHC) Insider Filing: RSU Vesting and New Grant Detailed
Rhea-AI Filing Summary
Quest Resource Holding Corp (QRHC) insider report: Director Glenn Culpepper received 10,409 restricted stock units (RSUs) that vested on 08/12/2025 and converted one-for-one into 10,409 shares of common stock. Following that transaction the reporting person beneficially owned 26,585 shares. On 08/13/2025 Mr. Culpepper was granted 20,000 RSUs scheduled to vest in three equal annual installments on 08/13/2026, 08/13/2027 and 08/13/2028, increasing reported beneficial ownership to 46,585 shares on a post-grant basis. The filing also discloses 21,629 deferred stock units (15,000 under the 2012 plan and 6,629 under the 2024 plan) that convert to common shares upon separation from service. The Form 4 was completed by attorney-in-fact Brett W. Johnston on 08/14/2025.
Positive
- Vested RSUs converted to shares, increasing director equity alignment with shareholders by 10,409 shares on 08/12/2025
- New 20,000 RSU grant with staggered vesting provides continued alignment over 2026–2028
- DSUs disclosed (21,629 total) with clear issuance condition upon separation, improving transparency
Negative
- No cash purchases or sales disclosed, so the filing does not provide signal about insider buying conviction
- Potential dilution from outstanding RSUs and DSUs is present though not quantified as a percent of outstanding shares in this filing
Insights
TL;DR: Routine director compensation conversion and new RSU grant; no cash transactions or dispositions disclosed.
The Form 4 documents compensation-related equity activity for a director: vesting of previously-granted RSUs into 10,409 shares and a subsequent grant of 20,000 RSUs with multi-year vesting. These are standard non-cash equity awards intended to align director interests with shareholders. There are no sales, purchases for cash, or receipt of proceeds reported, and no exercise of options. The aggregate position including DSUs is disclosed, clarifying future issuance timing tied to separation events for DSUs. For investors, this is a governance and compensation disclosure rather than a liquidity or control event.
TL;DR: Compensation-related filings showing vesting and new grant; indicates routine director equity program activity.
The filing reflects standard director compensation mechanics: vested RSUs converting to shares and a follow-on RSU grant with staggered vesting. The disclosure of DSUs from two plans with issuance upon separation is appropriate and clarifies timing of potential dilution. Signature by an attorney-in-fact is noted. Nothing in the filing indicates unusual governance arrangements or related-party transactions beyond typical equity-based compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20,000 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 10,409 | $0.00 | -- |
| Exercise | Common Stock | 10,409 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents restricted stock units ("RSUs") granted on August 12, 2024 that fully vested on August 12, 2025. Each RSU represents a contingent right to receive one share of common stock upon vesting. RSUs convert into common stock on a one-for-one basis. Represents RSUs granted on August 13, 2025 and scheduled to fully vest on August 13, 2026. Each RSU represents a contingent right to receive one share of common stock upon vesting. The Reporting Person has reported prior awards of RSUs in Table II of Form 4. Includes (a) 20,000 RSUs that are scheduled to vest in three equal installments on August 13, 2026, August 13, 2027 and August 13, 2028 and (b) 26,585 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.
