Form 4: HireQuest Director Edward Jackson Acquires Shares as Compensation

Director Edward Jackson of HireQuest, Inc. received 746 shares of common stock as compensation for board services.

Summary

• Edward Jackson, a director at HireQuest, Inc., acquired 746 shares of common stock on November 20, 2024.
• These shares were awarded as compensation for his services on the Board of Directors, in lieu of a quarterly cash retainer.
• The shares were granted as restricted stock, with 993 shares vesting on February 20, 2025, and 198 shares vesting on November 20, 2026.
• Following this transaction, Mr. Jackson's total beneficial ownership of HireQuest common stock is 2,630,170 shares.
• The closing price of HireQuest's common stock on the grant date was $14.48 per share.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock compensation for a director, which is a normal and expected practice. The sentiment is neutral to slightly positive as it aligns director interests with shareholders.

Positives

• The share award aligns director compensation with company performance.
• The vesting schedule encourages long-term commitment from the director.

Industry Context

This type of stock award is a common practice for compensating board members in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Many publicly traded companies use stock awards as part of their compensation packages for board members.
• The vesting schedule of the restricted stock is typical, encouraging long-term commitment.
• The value of the stock award is consistent with the market value of the company's shares at the time of the grant.

Stakeholder Impact

• The stock award aligns the director's interests with those of shareholders.
• The vesting schedule encourages long-term commitment from the director.

Key Dates

Keywords

HireQuest, Director, Edward Jackson, Stock Award, Compensation, Restricted Stock, Beneficial Ownership, Board of Directors