Quest Resource (QRHC) Form 4: 10,409 RSUs Vest; 20,000 New RSUs Granted
Rhea-AI Filing Summary
Quest Resource Holding Corp director Stephen A. Nolan reported changes in beneficial ownership in two filings dated August 12-13, 2025. On August 12, 2025, 10,409 restricted stock units (RSUs) that were granted August 12, 2024 fully vested and converted one-for-one into 10,409 shares of common stock, increasing his reported beneficial ownership to 92,585 shares (5,000 held jointly with his spouse). On August 13, 2025, Nolan was reported as having been granted 20,000 RSUs scheduled to vest August 13, 2026, bringing his total reported beneficial ownership to 112,585 shares. The filing also discloses 75,609 deferred stock units (DSUs) that will be issued upon separation from service.
Positive
- Director received equity compensation that aligns interests via vested RSUs converting to 10,409 shares
- New 20,000 RSU grant shows continued board-level compensation and retention incentive
- Substantial DSU holdings (75,609) imply further alignment as those shares issue upon separation
Negative
- None.
Insights
TL;DR: Insider converted vested RSUs to shares and received a new RSU grant; this is routine director compensation, not a sale.
The Form 4 discloses a director's compensation-related equity activity: 10,409 RSUs vested and converted to common shares and a new grant of 20,000 RSUs subject to a one-year vesting schedule. The filing also shows material DSU holdings (75,609) that vest upon separation from service. There are no disposals or open-market transactions reported, and no option exercises or cash purchases. For investors, this represents director equity alignment with the company rather than liquidity-driven selling.
TL;DR: Reported transactions reflect compensation vesting and new deferred equity grants; impact on share count is minor.
From a securities perspective, the conversion of RSUs to 10,409 shares increases outstanding beneficial ownership for the reporting person but does not indicate dilution beyond scheduled compensation issuance. The new 20,000 RSU grant vests next year and will convert one-for-one into common stock upon vesting. The presence of substantial DSUs indicates additional future issuance contingent on separation events. No sales or purchases were executed that would signal insider liquidity needs.
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. These shares represent shares of common stock of the Issuer held by the Reporting Person, of which 5,000 are held jointly by the Reporting Person and his spouse. 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 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. The reported securities include (a) 63,657 deferred stock units ("DSUs") granted under the Issuer's 2012 Incentive Compensation Plan and (b) 11,952 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.
