Culpepper Glenn 4
Research Summary
AI-generated summary
Quest Resource (QRHC) Director Glenn Culpepper Receives RSU Award
What Happened
Glenn Culpepper, a director of Quest Resource Holding Corp (QRHC), was granted 2,777 restricted stock units (RSUs) on June 30, 2026. The grant is reported as an "A" (award/grant) and is valued at $1.26 per unit, for a notional value of $3,499. These RSUs are a contingent right to receive one share of common stock upon vesting and are scheduled to vest on March 1, 2027. This is an equity award (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-06-30; reported filing date: 2026-07-02 (Form 4 filed timely).
- Grant: 2,777 RSUs at $1.26 per RSU; total notional value $3,499.
- Vesting: RSUs vest on March 1, 2027 (per footnote F1).
- Holdings after report (per footnote F2/F3): includes 5,743 RSUs vesting March 1, 2027, 20,000 RSUs vesting August 13, 2026, and 41,585 shares of common stock; additionally, 15,000 DSUs (2012 plan) and 6,629 DSUs (2024 plan) that convert to shares upon separation (footnote F3).
- Transaction code: A = Award/Grant (not a purchase or sale).
Context
- RSUs are a form of equity compensation: they convert to actual shares only upon vesting (here, March 1, 2027), so this grant does not immediately change the number of voting shares outstanding held by the director.
- DSUs listed in the footnotes are paid out only when the director leaves the company.
- This filing reports an award rather than insider buying or selling; awards are common for compensation and do not necessarily indicate an immediate personal cash investment or market sentiment.