4//SEC Filing
Archer James B. 4
Accession 0001712189-25-000006
CIK 0001712189other
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 4:08 PM ET
Size
11.6 KB
Accession
0001712189-25-000006
Insider Transaction Report
Form 4
Archer James B.
DirectorDirector and CEO and President
Transactions
- Award
Common Stock, par value $0.0001 per share
2025-02-24+124,584→ 1,580,283 total - Exercise/Conversion
Common Stock, par value $0.0001 per share
2025-02-24+62,292→ 1,642,575 total - Tax Payment
Common Stock, par value $0.0001 per share
2025-02-24$5.05/sh−73,534$371,347→ 1,569,041 total - Exercise/Conversion
Restricted Stock Units
2025-02-24−62,292→ 205,772 total→ Common Stock (62,292 underlying)
Footnotes (4)
- [F1]The shares of common stock of the Issuer, par value $0.0001 per share ("Common Stock") were acquired for the satisfaction of performance criteria underlying an award of performance stock units ("PSUs") granted to the Reporting Person on February 24, 2022 under the terms of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan"), and the PSU Award Agreement between the Reporting Person and the Issuer (the "PSU Award Agreement"). The number of PSUs that vest range from 0% to 150% of the Target Level (as defined in the PSU Agreement) depending upon the achievement of specified three-year cumulative operating cash flow amounts as determined based on the net cash flow from operations disclosed in the Issuer's Annual Reports on Form 10-K for the period from January 1, 2022 through December 31, 2024. The PSUs vested at 150% of the Target Level, resulting in a payout of 124,584 shares.
- [F2]Each Restricted Stock Unit represents a contingent right to receive upon vesting one share of Common Stock or its cash equivalent.
- [F3]Restricted stock units withheld for payment of tax liability upon vesting of 62,292 RSUs and 124,584 PSUs on February 24, 2025. Stock price reflects closing stock price as of February 24, 2025.
- [F4]Total includes unvested RSUs from the following grants: 100,211 RSUs granted on February 29, 2024 which vest in four annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2025; 57,692 RSUs granted on March 1, 2023, which vest in four equal installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; and 249,169 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023. Awards are subject to the terms of the respective RSU award agreements and subject to the Plan.
Documents
Issuer
Target Hospitality Corp.
CIK 0001712189
Entity typeother
Related Parties
1- filerCIK 0001763054
Filing Metadata
- Form type
- 4
- Filed
- Feb 25, 7:00 PM ET
- Accepted
- Feb 26, 4:08 PM ET
- Size
- 11.6 KB