Form 4: Quest Resource Holding Corp EVP and COO, David P. Sweitzer, Reports Stock Transactions
SEC Filing
David P. Sweitzer, EVP and COO of Quest Resource Holding Corp, reports exercising stock options and selling shares on May 30 and 31, 2024.
Summary
- On May 30 and 31, 2024, David P. Sweitzer, the EVP and COO of Quest Resource Holding Corp, engaged in multiple transactions involving the company's stock.
- Sweitzer exercised options to acquire 8,400 shares at $2.45 and 10,500 shares at $2.62.
- He then sold 11,185 shares at a weighted average price of $9.0473 on May 30 and 7,715 shares at a weighted average price of $9.0151 on May 31.
- Following these transactions, Sweitzer directly owns 16,226 shares of common stock and holds rights to purchase additional shares through employee stock options.
- He also holds 22,425 deferred stock units granted under the company's 2012 Incentive Compensation Plan.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings to gain insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, as mandated by the SEC.
- The transactions reported are typical for executives who receive stock options as part of their compensation packages.
- Similar filings can be observed for executives at comparable companies in the waste management and resource recovery sectors, such as Waste Management (WM), Republic Services (RSG), and Casella Waste Systems (CWST).
Stakeholder Impact
- Shareholders may be interested in these transactions as they provide insight into an executive's perspective on the company's stock value.
- The transactions themselves are unlikely to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 10/15/2019 | First anniversary of the date on which one of the option grants was exercisable. |
| 10/03/2020 | First anniversary of the date on which one of the option grants was exercisable. |
| 10/15/2028 | Expiration date of one of the employee stock options. |
| 10/03/2029 | Expiration date of one of the employee stock options. |
| 05/30/2024 | Date of stock option exercise and stock sale transactions. |
| 05/31/2024 | Date of stock sale transaction. |
| 06/03/2024 | Date of report. |
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