4//SEC Filing
Lindsay Gary 4
Accession 0001567619-20-007513
CIK 0001712189other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 4:41 PM ET
Size
8.5 KB
Accession
0001567619-20-007513
Insider Transaction Report
Form 4
Lindsay Gary
10% Owner
Transactions
- Award
Restricted Stock Units
2020-04-01+7,305→ 7,305 total→ Common Stock (7,305 underlying) - Other
Restricted Stock Units
2020-04-01−7,305→ 0 total→ Common Stock (7,305 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive upon vesting one share of common stock of the Issuer, par value $0.0001 per share ("Common Stock"), or its cash equivalent.
- [F2]On April 1, 2020, the Compensation Committee approved the Director Retainer Reduction Equity Award Program (the "Retainer Program"). On April 1, 2020 as contemplated by the Retainer Program, the Reporting Person was granted 7,305 restricted stock units ("RSUs") pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on June 30, September 30 and December 31, 2020.
- [F3]Immediately following the grant of the restricted stock units, Mr. Lindsay transferred the restricted stock units to Arrow Holdings S.a r.l ("Arrow"), which holds certain securities of Target Hospitality Corp. on behalf of TDR Capital II Holdings LP, the investment fund managed by TDR Capital LLP. Upon transfer to Arrow, the restricted stock units will vest in accordance with the same terms and conditions of the initial grant.
Documents
Issuer
Target Hospitality Corp.
CIK 0001712189
Entity typeother
Related Parties
1- filerCIK 0001723793
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 4:41 PM ET
- Size
- 8.5 KB