EICHER CAROL S 4

What Happened
Carol S. Eicher, a director of Arq, Inc. (ARQ), was granted 24,641 restricted shares on July 1, 2026. The shares were awarded at $0.00 (no cash paid), so the reported acquisition value is $0. This grant is compensation for her service as a non-employee director.

Key Details

• Transaction date: 2026-07-01 (reported on Form 4 filed 2026-07-06)
• Transaction type: Award/Grant (code A) — 24,641 restricted shares @ $0.00 (total $0)
• Vesting: Awards vest on July 1, 2027 (per footnote)
• Shares owned after transaction: Not specified in this filing
• Timeliness: Filing dated 2026-07-06; Form 4s are generally due within two business days, so this filing appears to have been submitted after the typical reporting window

Context
Restricted stock awards to non-employee directors are a common form of board compensation and reflect pay, not an open-market purchase or sale. Such grants are not a direct buy/sell signal; they become economically meaningful as they vest and/or if the director sells shares later.