Form 4: Director Stephen Nolan Receives Quest Resource Equity Grant
Statement of Changes in Beneficial Ownership
Director Stephen A. Nolan was granted 2,966 restricted stock units as part of the Quest Resource Holding Corp 2024 Incentive Compensation Plan.
Summary
- Director Stephen A. Nolan acquired 2,966 restricted stock units (RSUs) on May 31, 2026.
- The grant was issued under the Issuer's 2024 Incentive Compensation Plan at a price of $1.18 per share.
- The RSUs are scheduled to vest in full on May 31, 2027.
- Following this transaction, the reporting person holds a total of 115,551 shares of common stock and 95,420 deferred stock units.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial health.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Continued commitment of board leadership to the company's long-term incentive plan.
Negatives
- Minor dilution impact resulting from the issuance of new restricted stock units.
Risks
- Market price volatility affecting the value of equity-based compensation.
- Vesting conditions dependent on continued service to the company.
Future Outlook
The filing does not provide forward-looking financial guidance, focusing solely on director equity compensation.
Industry Context
StockSavvy.ai notes that director equity grants are standard corporate governance practices designed to align board incentives with shareholder value creation in the environmental services sector.
Comparison to Industry Standards
- The use of RSU and DSU structures is consistent with standard executive and director compensation packages for small-cap companies.
- The vesting schedule of one year is typical for annual director equity refreshers.
Stakeholder Impact
- Minimal impact on existing shareholders due to the small size of the equity grant.
Next Steps
- Vesting of 20,000 RSUs on August 13, 2026.
- Vesting of 2,966 RSUs on May 31, 2027.
Key Dates
| Date | Description |
|---|---|
| 05/31/2026 | Date of RSU grant and earliest transaction. |
| 08/13/2026 | Vesting date for 20,000 previously granted RSUs. |
| 05/31/2027 | Vesting date for the newly granted 2,966 RSUs. |
| 06/02/2026 | Filing date of the Form 4. |
Keywords
Quest Resource Holding Corp, QRHC, Form 4, Insider Trading, Director Compensation, Equity Incentive Plan
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