Form 4: Director Robert J. Lipstein Acquires QRHC Stock
Statement of Changes in Beneficial Ownership
Director Robert J. Lipstein acquired 2,966 deferred stock units of Quest Resource Holding Corp as part of the 2024 Incentive Compensation Plan.
Summary
- Director Robert J. Lipstein was granted 2,966 deferred stock units (DSUs) on May 31, 2026.
- The DSUs were issued under the Issuer's 2024 Incentive Compensation Plan at a price of $1.18 per share.
- The underlying common stock will be issued upon the director's separation from service with the company.
- Following this transaction, the director holds a total of 51,466 shares, including 48,500 previously held shares and restricted stock units.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting standard director compensation rather than a signal of market sentiment or operational change.
Positives
- Director alignment with long-term company performance through equity-based compensation.
- Continued commitment to the company as evidenced by the acceptance of deferred stock units.
Negatives
- None identified in this filing.
Risks
- The value of the deferred stock units is subject to the future market performance of Quest Resource Holding Corp common stock.
Future Outlook
The filing does not provide forward-looking financial guidance, focusing solely on the director's equity compensation.
Management Comments
- The reported securities represent deferred stock units granted under the Issuer's 2024 Incentive Compensation Plan.
Industry Context
StockSavvy.ai notes that director equity grants are standard corporate governance practices designed to align board member interests with shareholder value, particularly in small-cap companies like Quest Resource Holding Corp.
Comparison to Industry Standards
- The use of deferred stock units for directors is consistent with standard executive compensation practices in the environmental and waste management services sector.
- The grant price of $1.18 reflects the current market valuation of the company's equity.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Compensation | Grant of deferred stock units under the 2024 Incentive Compensation Plan. | 05/31/2026 | Aligns director interests with long-term shareholder outcomes. |
Stakeholder Impact
- Shareholders: Minimal impact; reflects standard director compensation structure.
Next Steps
- Vesting of 20,000 restricted stock units on August 13, 2026.
- Issuance of common stock underlying the DSUs upon the director's eventual separation from service.
Key Dates
| Date | Description |
|---|---|
| 05/31/2026 | Date of the transaction involving the grant of deferred stock units. |
| 06/02/2026 | Date the Form 4 was filed with the SEC. |
| 08/13/2026 | Vesting date for 20,000 restricted stock units held by the director. |
Keywords
QRHC, Quest Resource Holding Corp, Insider Trading, Form 4, Director Compensation, Equity Incentive Plan
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