Archer James B. 4
4 · Target Hospitality Corp. · Filed Apr 5, 2024
Insider Transaction Report
Form 4
Archer James Bradley
DirectorDirector and CEO and President
Transactions
- Exercise/Conversion
Stock Appreciation Rights
2024-04-04−217,739→ 0 totalExercise: $1.79Exp: 2031-02-25→ Common Stock (217,739 underlying) - Disposition to Issuer
Common Stock, par value $0.0001 per share
2024-04-04$10.91/sh−217,739$2,375,532→ 1,455,699 total - Exercise/Conversion
Common Stock, par value $0.0001 per share
2024-04-04$1.79/sh+217,739$389,753→ 1,673,438 total
Footnotes (1)
- [F1]The Stock Appreciation Rights ("SARs"), reported on this Form 4, represent upon vesting the right to receive payment in cash or stock, at the Issuer's discretion, the amount of the increase from the grant date price and fair market value pursuant to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended, and the SAR Award Agreement entered into between the Issuer and the Reporting Person as of February 25, 2021 (the "SAR Award Agreement"). The SARs vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date, subject to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended and SAR Award Agreement.