Form 4: QRHC CEO Granted 100,000 RSUs Under 2024 Plan

Quest Resource Holding Corp's President and CEO, Perry W. Moss, was granted 100,000 Restricted Stock Units (RSUs) effective August 13, 2025, under the company's 2024 Incentive Compensation Plan.

Summary

• Perry W. Moss, President and CEO of Quest Resource Holding Corp (QRHC), was granted 100,000 Restricted Stock Units (RSUs).
• The grant date for these RSUs is August 13, 2025.
• These RSUs were issued at a price of $0 and are subject to the terms of the Issuer's 2024 Incentive Compensation Plan.
• Each RSU represents a contingent right to receive one share of QRHC common stock upon vesting.
• The 100,000 RSUs are scheduled to vest in three equal installments: one-third on August 13, 2026, one-third on August 13, 2027, and the final third on August 13, 2028.
• Following this transaction, Perry W. Moss beneficially owns 355,875 securities, which include various RSU grants, deferred stock units (DSUs), and 22,405 shares of common stock.

Sentiment

Score: 7

Explanation: The filing reports a standard executive compensation event (RSU grant) which is generally positive for aligning management incentives with shareholder interests, but it does not contain new financial performance data or strategic announcements that would significantly alter the company's outlook.

Positives

• The grant of 100,000 RSUs aligns the CEO's long-term interests with shareholder value through equity-based compensation.
• The vesting schedule over three years encourages long-term commitment and performance from the CEO.
• The transaction was made pursuant to a Rule 10b5-1 plan, indicating a pre-arranged, transparent compensation structure.

Negatives

• The issuance of new RSUs, upon vesting, will result in a minor dilutive effect on existing shareholders, though this is a standard component of executive compensation plans.

Risks

• The value of the RSUs is tied to the future performance of QRHC's common stock, meaning the actual realized value for the CEO could be lower if the stock price declines.
• Vesting of RSUs is contingent on continued employment, posing a risk to the CEO if employment ceases before vesting dates.
• Future market conditions and company performance could impact the perceived value and effectiveness of this incentive.

Future Outlook

The grant of Restricted Stock Units (RSUs) to the President and CEO, with a multi-year vesting schedule, indicates a strategic focus on long-term executive retention and performance alignment with future company growth and shareholder returns.

Industry Context

The granting of Restricted Stock Units (RSUs) to key executives is a common practice across various industries, including waste management and environmental services, to incentivize long-term performance and align management interests with those of shareholders. This type of equity compensation is a standard component of executive remuneration packages designed to attract and retain top talent.

Comparison to Industry Standards

• Executive equity compensation, particularly through RSU grants with multi-year vesting, is a widely adopted practice in publicly traded companies across sectors, including environmental services and resource management.
• Companies like Waste Management (WM), Republic Services (RSG), and Clean Harbors (CLH) frequently utilize similar long-term incentive plans to compensate their executives, linking pay to performance and tenure.
• The structure of this RSU grant, with a three-year cliff vesting, is typical for aligning executive incentives with sustained company performance, comparable to structures seen in other mid-cap companies in the industrial services sector.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant aligns the CEO's interests with long-term shareholder value creation, but also introduces minor potential future dilution upon vesting.
• Employees: May signal stability in leadership and a commitment to long-term incentive programs, potentially boosting morale.
• Management: Provides a significant long-term incentive for the CEO, encouraging continued dedication and performance.

Next Steps

• The 100,000 RSUs are scheduled to vest in three equal installments on August 13, 2026, August 13, 2027, and August 13, 2028.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event (RSU grant) and does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. While the grant aligns management incentives, it's a standard practice and not a catalyst for significant price movement or a re-evaluation of the company's fundamentals. Investors should continue to hold based on broader company performance and market conditions.

Keywords

Quest Resource Holding Corp, QRHC, Restricted Stock Units, RSU grant, executive compensation, insider transaction, Form 4, Perry W. Moss, equity compensation, corporate governance