Form 4: Quest Resource Holding Corp CEO Acquires Shares in Open Market Transaction
SEC Form 4 Filing
Quest Resource Holding Corp's CEO, S. Ray Hatch, purchased 2,817 shares of common stock at a weighted average price of $7.1668 per share.
Summary
- S. Ray Hatch, the President and CEO of Quest Resource Holding Corp, has reported a transaction involving the company's common stock.
- On November 12, 2024, Mr. Hatch acquired 2,817 shares of common stock through a purchase on the open market.
- The shares were bought at a weighted average price of $7.1668, with individual transaction prices ranging from $7.139 to $7.19.
- Following this transaction, Mr. Hatch directly owns 44,149 shares of common stock.
- Additionally, Mr. Hatch holds 85,367 deferred stock units granted under the company's 2012 Incentive Compensation Plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CEO's purchase of shares is a positive sign, but it's a routine transaction and doesn't indicate a major shift in the company's outlook.
Positives
- The CEO's purchase of shares could be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
This is a routine filing related to insider trading activity and is common for publicly traded companies. It provides transparency into the transactions of company executives.
Comparison to Industry Standards
- Executive stock purchases are a common occurrence in publicly traded companies, and this transaction is consistent with standard practices.
- The filing is in line with SEC regulations for reporting insider transactions.
- Similar filings are made by executives at comparable companies such as Waste Management (WM) and Republic Services (RSG) when they engage in stock transactions.
Stakeholder Impact
- The CEO's stock purchase may have a slightly positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 11/12/2024 | Date of the stock purchase transaction and the date of the filing. |
Keywords
Quest Resource Holding Corp, QRHC, S. Ray Hatch, insider trading, stock purchase, common stock, deferred stock units, executive transaction
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