Vlacich Jason Paul 4

What Happened

• Jason Vlacich, Chief Financial Officer of Target Hospitality Corp. (TH), had 12,458 restricted stock units (RSUs) vest and convert into common shares on Feb 24, 2026. Of those vested shares, 3,033 were withheld to cover tax withholding at $6.67/share (proceeds ≈ $20,230), leaving a net delivery of 9,425 shares to Vlacich.
• On Feb 25, 2026, Vlacich was granted 43,353 new RSUs. These new RSUs vest in four equal annual installments beginning Feb 25, 2027 and are governed by the company’s 2019 Incentive Award Plan and the RSU agreement.

Key Details

• Transaction dates: Feb 24, 2026 (vesting/conversion and tax withholding); Feb 25, 2026 (RSU grant).
• Tax withholding: 3,033 shares withheld at $6.67/share → cash value ≈ $20,230 (code F = tax withholding).
• Grant: 43,353 RSUs (code A = award), vesting in four equal annual installments starting Feb 25, 2027.
• Vesting conversion: 12,458 RSUs vested and converted to shares (codes M for exercise/conversion).
• Shares/RSUs outstanding after transactions: total unvested RSUs reported = 144,173 (43,353 newly granted + 53,571 (2/27/2025) + 39,557 (2/29/2024) + 7,692 (3/1/2023)).
• Footnotes: RSUs represent contingent rights to receive one share of common stock (or cash equivalent) upon vesting. Awards subject to the Plan and individual RSU agreements.
• Filing timeliness: Form filed Feb 26, 2026 for transactions on Feb 24–25, 2026 (appears timely within the usual 2-business-day Form 4 window).

Context

• This was primarily an equity award and routine vesting event—not an open-market purchase or discretionary sale. The only disposition reported was the withholding of vested shares to satisfy tax obligations (a common administrative action).
• For retail investors: grants and vesting show executive compensation and future potential share dilution as RSUs convert to stock over time; they do not, by themselves, imply a buy/sell signal.