Richard Hermanns - 03 Mar 2022 Form 4/A - Amendment Insider Report for HireQuest, Inc. (HQI)

Role
President and CEO, Director, 10%+ Owner
Signature
/s/ Richard Hermanns
Issuer symbol
HQI
Transactions as of
03 Mar 2022
Net transactions value
$0
Form type
4/A - Amendment
Filing time
17 May 2022, 16:09:20 UTC
Date Of Original Report
07 Mar 2022
Previous filing
07 Mar 2022
Next filing
17 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HQI Common Stock Award +30,845 +0.9% 3,441,284 03 Mar 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of restricted stock awarded to Mr. Hermanns in his capacity as an Officer of the Company for an annual bonus in lieu of cash compensation. 29,377 of these shares will vest on June 3, 2022, and 1,468 will vest on March 3, 2024.
F2 Due to an error, the original amount of shares vesting on March 3, 2024 was reported as 5,875. These shares represent a 20% match for compensation taken as stock in lieu of cash. However, pursuant to Mr. Hermanns' employment agreement, such match may not exceed $25,000 in value in any year. Accordingly, this amendment has been filed to correct that error.
F3 Shares awarded as annual bonus. See note 1. The closing price of the Issuer's Common Stock on Nasdaq on the date of the grant was $17.02 per share.