Form 4: Director Edward Jackson Receives Stock Award for Board Service at HireQuest, Inc.

Edward Jackson, a Director and 10% Owner of HireQuest, Inc., received 810 shares of common stock as compensation for Board of Director services.

Summary

• On February 26, 2024, Edward Jackson, a Director of HireQuest, Inc., received 810 shares of common stock.
• These shares were awarded as compensation for his services on the Board of Directors, in lieu of a quarterly cash retainer.
• 675 of the shares will vest on May 26, 2024, and the remaining 135 shares will vest on February 26, 2026.
• Following this transaction, Mr. Jackson beneficially owns 2,619,746 shares of HireQuest, Inc.
• The closing price of HireQuest's common stock on the grant date was $13.34 per share.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice, which is generally viewed neutrally to positively as it aligns director interests with shareholders.

Positives

• The stock award aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service on the board.

Industry Context

Stock awards to board members are a common practice to align their interests with shareholders and incentivize their service.

Comparison to Industry Standards

• Comparing the size of the stock award to similar companies and board compensation packages would provide a better understanding of its relative value.
• Companies like ManpowerGroup (MAN) and Robert Half International (RHI) also use stock awards as part of their director compensation.

Stakeholder Impact

• Shareholders may view the stock award positively as it aligns the director's interests with theirs.
• The award has a minor dilutive effect on existing shareholders.

Key Dates