4//SEC Filing
Lewis Heidi Diane 4
Accession 0001712189-25-000068
CIK 0001712189other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 3:10 PM ET
Size
11.4 KB
Accession
0001712189-25-000068
Insider Transaction Report
Form 4
Lewis Heidi Diane
EVP, General Counsel & Sec
Transactions
- Exercise/Conversion
Performance Based Restricted Stock Units
2025-06-30−37,500→ 37,500 total→ Common Stock (37,500 underlying) - Exercise/Conversion
Common Stock, par value $0.0001 per share
2025-06-30+37,500→ 193,585 total - Tax Payment
Common Stock, par value $0.0001 per share
2025-06-30$7.12/sh−9,131$65,013→ 184,454 total - Disposition to Issuer
Performance Based Restricted Stock Units
2025-06-30−37,500→ 0 total→ Common Stock (37,500 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 75,000 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 vested and became unrestricted was 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 cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the 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.
Documents
Issuer
Target Hospitality Corp.
CIK 0001712189
Entity typeother
Related Parties
1- filerCIK 0001765471
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 3:10 PM ET
- Size
- 11.4 KB