Form 4: Quest Resource Holding Corp Executive Acquires Shares Through RSU Vesting, Sells Portion for Taxes

Quest Resource Holding Corp's EVP and COO, David P. Sweitzer, acquired 8,333 shares of common stock through the vesting of restricted stock units and subsequently sold 2,611 shares to cover tax obligations.

Summary

• David P. Sweitzer, Executive Vice President and Chief Operating Officer of Quest Resource Holding Corp (QRHC), reported a transaction on June 26, 2025.
• The transaction involved the vesting of one-third of his restricted stock units (RSUs) granted on June 26, 2024, resulting in the acquisition of 8,333 shares of common stock.
• Following the vesting, Mr. Sweitzer disposed of 2,611 shares of common stock at a price of $2.31 per share to satisfy tax withholding obligations.
• After these transactions, Mr. Sweitzer beneficially owns 14,233 shares of common stock directly from the RSU vesting and tax sale.
• Additionally, he holds 22,425 deferred stock units under the Issuer's 2012 Incentive Compensation Plan.
• He also retains 16,667 unvested restricted stock units, with future vesting scheduled for June 26, 2026, and June 26, 2027.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it reflects the executive's realization of equity compensation, a normal part of executive pay. The sale for tax purposes is a routine and expected event.

Positives

• The vesting of restricted stock units indicates the executive's continued tenure and realization of previously granted equity compensation.
• The acquisition of 8,333 shares of common stock increases the executive's direct ownership in the company, even after the tax-related sale.

Negatives

• The sale of 2,611 shares, even for tax purposes, reduces the executive's direct shareholding in the company.

Risks

• The value of the executive's remaining common stock and unvested RSUs is subject to market fluctuations of Quest Resource Holding Corp's stock price.

Future Outlook

Future vesting events for the remaining restricted stock units are scheduled for June 26, 2026, and June 26, 2027, indicating continued equity compensation for the executive.

Industry Context

This filing is a routine insider transaction report and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The transaction represents a routine executive compensation event, with a minor increase in shares outstanding due to vesting, partially offset by the tax-related sale. It does not indicate a significant change in company strategy or financial health.
• Employees: The vesting of RSUs is a standard component of executive compensation, which can be a positive signal regarding employee retention and incentive alignment.

Next Steps

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

Key Dates

Keywords

Quest Resource Holding Corp, QRHC, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Sale, David P. Sweitzer