4//SEC Filing
Kelley John Travis 4
Accession 0001567619-22-013962
CIK 0001712189other
Filed
Jul 12, 8:00 PM ET
Accepted
Jul 13, 4:34 PM ET
Size
6.9 KB
Accession
0001567619-22-013962
Insider Transaction Report
Form 4
Kelley John Travis
EVP - Operations
Transactions
- Award
Performance-Based Restricted Stock Units
2022-07-12+200,000→ 200,000 total→ Common Stock (200,000 underlying)
Footnotes (3)
- [F1]Each Performance-Based Restricted Stock Unit ("PSU") 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 July 12, 2022, the Reporting Person was granted a maximum number of 200,000 PSUs pursuant to a Performance-Based Restricted Stock Unit Agreement, by and between the Reporting Person and the Issuer, dated as of July 12, 2022 (the "PSU Agreement"). The actual number of PSUs that shall vest and become unrestricted may range from 0 to 200,000 PSUs based on criteria described in footnote 3 to this Form 4, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan"), and the PSU Agreement.
- [F3]The target number of PSUs reported herein vest upon the Issuer's common stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The actual number of PSUs earned are cumulative and may vary according to achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period, pursuant to the PSU Agreement and subject to the terms and conditions of the Plan. The cumulative number of PSUs earned vest and become unrestricted on June 30, 2025 or upon the occurrence of certain other events as provided in the PSU Agreement.
Documents
Issuer
Target Hospitality Corp.
CIK 0001712189
Entity typeother
Related Parties
1- filerCIK 0001860232
Filing Metadata
- Form type
- 4
- Filed
- Jul 12, 8:00 PM ET
- Accepted
- Jul 13, 4:34 PM ET
- Size
- 6.9 KB