HireQuest (HQI) Director Lawrence F. Hagenbuch Receives Award

What Happened

• Lawrence F. Hagenbuch, a director of HireQuest, Inc. (HQI), was granted a total of 4,802 restricted shares on August 12, 2026 as board compensation (transaction code A = Award/Grant). The filing shows two awards: 802 shares (compensation in lieu of a quarterly cash retainer) and 4,000 shares (annual director award). The filing values the awards using the Nasdaq closing price on the grant date, $16.64 per share, implying an aggregate market value of approximately $79,905.28 at grant.

Key Details

• Transaction date: August 12, 2026; Form 4 filed August 14, 2026 (appears timely — within the usual two-business-day window).
• Awarded shares: 802 shares (quarterly retainer replacement) + 4,000 shares (annual director award) = 4,802 shares total.
• Grant valuation: $16.64 per share (Nasdaq close on grant date); total ≈ $79,905.28.
• Vesting: Of the 802-share award, 668 shares vest on Nov 12, 2026 and 134 shares vest on Aug 12, 2028. The 4,000-share annual award vests on June 15, 2028.
• Plan/compensation: Awards were granted pursuant to HireQuest’s director compensation arrangements (2019 Non-Employee Director Compensation Plan); 802 shares were compensation in lieu of a quarterly cash retainer.
• Shares owned after transaction: not specified in the provided filing details.
• Transaction code: A = Award/Grant (not an open-market purchase or sale).

Context

• These are restricted stock awards (compensation), not open-market buys or sales; they generally reflect board compensation practices rather than an immediate market sentiment signal. Vesting schedules mean the shares are subject to future service/vesting conditions before becoming freely tradable.