Form 4: Quest Resource Holding CFO's Restricted Stock Units Vest, Shares Sold for Tax Obligations

Quest Resource Holding Corp's Senior VP of Finance and CFO, Brett Wade Johnston, saw 6,667 restricted stock units vest, leading to the acquisition of common stock and a subsequent sale of shares to cover tax liabilities.

Summary

• Brett Wade Johnston, Sr. VP of Finance and CFO of Quest Resource Holding Corp, acquired 6,667 shares of common stock on June 26, 2025, through the vesting of restricted stock units (RSUs).
• These 6,667 shares represent the vesting of one-third of the restricted stock units granted on June 6, 2024.
• Concurrently, 1,976 shares were disposed of at a price of $2.31 per share to cover tax liabilities associated with the RSU vesting.
• Following these transactions, Johnston directly beneficially owns 34,250 shares of common stock.
• Johnston also directly beneficially owns 13,333 restricted stock units after the reported transactions.
• Each RSU represents a contingent right to receive one share of common stock upon vesting, and RSUs convert into common stock on a one-for-one basis.

Sentiment

Score: 5

Explanation: The document describes a routine insider transaction related to executive compensation (RSU vesting and tax-related sale), which is neither inherently positive nor negative for the company's operational or financial outlook.

Positives

• The vesting of 6,667 restricted stock units demonstrates the executive's continued equity participation and alignment with shareholder interests.
• The transaction is part of a pre-scheduled compensation plan, indicating stability in executive incentives.

Negatives

• The disposition of 1,976 shares of common stock, valued at $2.31 per share, reduces the executive's direct beneficial ownership, although this was for tax withholding purposes.

Future Outlook

Future vesting events for the remaining restricted stock units are scheduled for June 26, 2026, and June 26, 2027, with one-third of the grant vesting on each of those dates.

Industry Context

Form 4 filings are routine disclosures for publicly traded companies, detailing changes in beneficial ownership of securities by company insiders. This transaction reflects a standard executive compensation event involving the vesting of restricted stock units and subsequent tax-related share sales.

Stakeholder Impact

• Shareholders: The transaction is a routine insider compensation event and does not indicate a change in company strategy or financial health. The sale of shares for tax purposes is a common occurrence and not typically indicative of a lack of confidence.

Next Steps

• Future vesting of the remaining restricted stock units on June 26, 2026, and June 26, 2027.

Key Dates

Keywords

Quest Resource Holding Corp, QRHC, Form 4, SEC filing, insider transaction, restricted stock unit, RSU vesting, executive compensation, CFO, stock disposition