HireQuest (HQI) Director Jack Olmstead Receives Restricted Stock Award

What Happened

• Jack A. Olmstead, a director of HireQuest, Inc. (HQI), was granted restricted stock awards on 2026-08-12 totaling 4,811 shares (two awards: 811 shares and 4,000 shares). The grants are reported as awards (Form 4 code A) and are compensation for board service rather than open-market purchases or sales.
• The company’s closing stock price on the grant date was $16.64, making the aggregate grant value approximately $80,055.04. Portions of the awards vest on specified future dates (see Key Details).

Key Details

• Transaction date and filing: grants dated 2026-08-12; Form 4 filed 2026-08-14 (filed within the required reporting window).
• Award breakdown and vesting:
  • 811 shares: compensation in lieu of a quarterly cash retainer. Vesting: 676 shares vest 11/12/2026; 135 shares vest 8/12/2028. (Footnote F1)
  • 4,000 shares: annual non-employee director award under the 2019 Non-Employee Director Compensation Plan; vests 6/15/2028. (Footnote F3)
• Grant price reference: closing price used for disclosure was $16.64 per share on the grant date (Footnotes F2, F4).
• Shares owned after the transaction: not disclosed in the provided filing details.
• Transaction code: A = Award/Grant. This is compensation, not a purchase (P) or sale (S).

Context

• These are restricted stock awards as director compensation; they typically vest over time and are meant as remuneration rather than immediate market bets. Such awards don't directly signal buying or selling intent and are commonly used to align director incentives with shareholders.
• Filing was timely (filed two days after the grant), so no late-reporting implications in this record.