4//SEC Filing
Schrenk Troy C. 4
Accession 0001712189-25-000020
CIK 0001712189other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 5:01 PM ET
Size
11.9 KB
Accession
0001712189-25-000020
Insider Transaction Report
Form 4
Schrenk Troy C.
SEVP, Operations & CCO
Transactions
- Exercise/Conversion
Common Stock, par value $0.0001 per share
2025-03-01+11,098→ 160,806 total - Exercise/Conversion
Restricted Stock Units
2025-03-01−11,098→ 103,472 total→ Common Stock (11,098 underlying) - Tax Payment
Common Stock, par value $0.0001 per share
2025-03-01$5.61/sh−2,701$15,153→ 158,105 total - Award
Restricted Stock Units
2025-02-27+49,107→ 114,570 total→ Common Stock (49,107 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit ("RSU") 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 February 27, 2025, the Reporting Person was granted 49,107 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning February 27, 2026, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan") and the RSU agreement entered into between the Issuer and the Reporting Person.
- [F3]Total includes, in addition to 49,107 RSUs on February 27 2025, unvested RSUs from the following grants: 29,008 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; 15,385 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 99,668 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.
- [F4]Restricted stock units withheld for payment of tax liability upon vesting of 11,098 RSUs on March 1, 2025. Stock price reflects closing stock price as of February 28, 2025, the last trading day prior to vesting.
Documents
Issuer
Target Hospitality Corp.
CIK 0001712189
Entity typeother
Related Parties
1- filerCIK 0001763047
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 5:01 PM ET
- Size
- 11.9 KB