Archer James Bradley 4

What Happened

• Archer James Bradley, President and CEO of Target Hospitality Corp. (TH), had 62,292 restricted stock units (RSUs) vest on Feb 24, 2026. Of those, 24,511 shares were withheld to satisfy tax withholding at $6.67/share (≈ $163,488). The net shares delivered to him after withholding were 37,781.
• On Feb 25, 2026, he received a new RSU award of 137,283 RSUs (no cash paid), which vest in four equal annual installments beginning Feb 25, 2027 under the company’s 2019 Incentive Award Plan.

Key Details

• Transaction dates and specifics:
  • Feb 24, 2026: 62,292 RSUs vested (conversion/exercise of derivative). 24,511 shares were withheld (code F) at $6.67/share for taxes (~$163,488).
  • Feb 25, 2026: Grant of 137,283 RSUs (code A), $0 exercise price; vests in four equal annual installments starting Feb 25, 2027.
• Shares after the transactions:
  • Net shares received from the Feb 24 vesting: 37,781 (62,292 vested − 24,511 withheld).
  • Unvested RSUs outstanding (per filing footnote): 137,283 (new grant) plus prior unvested grants totaling 327,546, for a combined 464,829 unvested RSUs.
• Footnotes/other:
  • RSUs represent contingent rights to receive one share per RSU upon vesting (or cash equivalent).
  • Withholding is a routine tax-payment transaction (code F), not an open-market sale.
• Filing timeliness:
  • Form 4 filed Feb 26, 2026 for transactions on Feb 24–25, 2026 — filed within the typical 2-business-day reporting window.

Context

• These entries reflect RSU vesting (conversion of derivative awards) and routine tax withholding rather than a discretionary open-market sale or purchase. The Feb 25 award is a multi-year vesting equity grant; such grants are common for executive compensation and align future pay with continued service.
• Transaction codes: M = exercise/conversion of derivative (RSU vesting), F = tax withholding, A = award/grant.