Faulkenberry Barbara J 4
4 · Target Hospitality Corp. · Filed Jun 21, 2023
Insider Transaction Report
Form 4
Faulkenberry Barbara J
Director
Transactions
- Exercise/Conversion
Common Stock, par value $0.0001 per share
2023-06-19+7,888→ 48,085 total - Exercise/Conversion
Restricted Stock Units
2023-06-19−7,888→ 0 total→ Common Stock (7,888 underlying)
Footnotes (2)
- [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 May 18, 2023, the Reporting Person was granted 7,888 restricted stock units ("RSUs") which vest in full on the first anniversary of the grant date or, if earlier, the date of the first annual meeting of the stockholders of the Issuer following the grant date, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan") and the award agreement. On June 14, 2023, Reporting Person submitted her notice to resign from the Issuer's Board of Directors (the "Board") effective June 19, 2023. On June 17, 2023 and as permitted by the Plan, the Board approved the accelerated vesting of one hundred percent (100%) of the 7,888 RSUs granted on May 18, 2023.