Form 4: Director's Equity Changes at Quest Resource

Quest Resource Holding Corp director Sarah Tomolonius reported the vesting of restricted stock units and a new RSU grant, increasing her beneficial ownership.

Summary

• Director Sarah Tomolonius reported changes in her beneficial ownership of Quest Resource Holding Corp (QRHC) common stock and equity awards.
• On August 12, 2025, 10,409 Restricted Stock Units (RSUs) granted on August 12, 2024, fully vested and converted into common stock.
• Following this vesting, beneficial ownership of common stock was 24,335 shares.
• On August 13, 2025, 20,000 new RSUs were granted, scheduled to fully vest on August 13, 2026.
• Total beneficial ownership after these transactions is 44,335 shares, comprising 24,335 common shares and 20,000 unvested RSUs.
• Additionally, Sarah Tomolonius holds 29,937 Deferred Stock Units (DSUs) which will be issued as common stock upon her separation from service. These DSUs include 18,027 from the 2012 plan and 11,910 from the 2024 plan.

Sentiment

Score: 7

Explanation: The filing indicates standard equity compensation practices for a director, including the vesting of prior awards and a new grant, which generally reflects positive alignment of interests. No negative information is present.

Positives

• Director Sarah Tomolonius received a new grant of 20,000 Restricted Stock Units, aligning her interests with shareholders.
• The vesting of 10,409 RSUs indicates the fulfillment of prior compensation agreements.

Negatives

• NA

Risks

• NA

Future Outlook

The grant of new Restricted Stock Units to a director suggests continued alignment of management incentives with future company performance, with vesting scheduled for August 2026.

Management Comments

• NA

Industry Context

This filing reflects routine equity compensation practices for corporate directors, common across industries to align leadership interests with long-term shareholder value.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) and Deferred Stock Units (DSUs) for director compensation is a standard practice in corporate governance, aligning director incentives with long-term company performance and shareholder interests.
• Companies like Waste Management (WM) and Republic Services (RSG), which operate in related environmental services sectors, also frequently utilize similar equity-based compensation structures for their executives and directors to foster long-term commitment and performance.

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: Increased alignment of a director's interests with long-term shareholder value through equity compensation.

Next Steps

• Vesting of 20,000 Restricted Stock Units on August 13, 2026.
• Issuance of 29,937 Deferred Stock Units as common stock upon the Reporting Person's separation from service.

Key Dates

Recommendation

This Form 4 details routine equity compensation for a director, including the vesting of previously granted RSUs and the issuance of new RSUs. Such transactions are standard practice for aligning director incentives with shareholder interests and do not provide new fundamental information to warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate as this filing does not present new catalysts for significant price movement.

Keywords

Quest Resource Holding Corp, QRHC, SEC Form 4, Insider Trading, Restricted Stock Units, RSU, Deferred Stock Units, DSU, Equity Compensation, Director Ownership