Schuck Mark 4
4 · Target Hospitality Corp. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Target Hospitality (TH) SVP Mark Schuck Receives RSU Award
What Happened
- Mark Schuck, SVP, Finance & Investor Relations at Target Hospitality (TH), had 7,475 restricted stock units (RSUs) vest on Feb 24, 2026 and converted to common shares; 1,820 of those shares were withheld to cover tax withholding (priced at $6.67/share for a $12,139 tax payment). Net shares delivered to Schuck from that vesting were 5,655 (7,475 vested minus 1,820 withheld). On Feb 25, 2026 he was granted 8,671 new RSUs (no cash cost reported) that vest in four equal annual installments beginning Feb 25, 2027.
- RSUs are derivative awards that represent a contingent right to receive one share of common stock (or cash) upon vesting. The withholding to cover taxes is a routine administrative action, not an open-market sale.
Key Details
- Transaction dates: Feb 24, 2026 (vesting/conversion and tax withholding); Feb 25, 2026 (new RSU grant). Form 4 filed Feb 26, 2026 (timely).
- Withholding: 1,820 shares withheld to satisfy tax liability at $6.67/share = $12,139.
- Vesting: 7,475 RSUs vested on Feb 24, 2026; net shares received = 5,655 after withholding.
- New award: 8,671 RSUs granted Feb 25, 2026; vest in four equal annual installments starting Feb 25, 2027 (per the company’s 2019 Incentive Award Plan and RSU agreement).
- Unvested RSU balance after grant (per footnote): 30,329 RSUs total (8,671 new + 10,714 granted 2/27/2025 + 6,329 granted 2/29/2024 + 4,615 granted 3/1/2023), subject to respective agreements and the Plan.
- Not a 10b5-1 sale or open-market transaction; the disposal here reflects tax withholding (transaction code F), not a market sale.
Context
- This filing reflects routine equity compensation activity: vesting of RSUs and withholding to cover taxes, plus a fresh RSU grant. Such withholdings are administrative and do not necessarily indicate an insider view of the company’s prospects.
- For options/derivative items: “exercise/conversion” here means RSUs converted into shares upon vesting; part of those shares were retained by the company to pay taxes rather than sold on the open market.
Insider Transaction Report
Form 4
Schuck Mark
SVP, Finance & IR
Transactions
- Exercise/Conversion
Common Stock, par value $0.0001 per share
[F1]2026-02-24+7,475→ 26,497 total - Tax Payment
Common Stock, par value $0.0001 per share
[F2]2026-02-24$6.67/sh−1,820$12,139→ 24,677 total - Award
Restricted Stock Units
[F1][F3][F4]2026-02-25+8,671→ 33,913 total→ Common Stock (8,671 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-02-24−7,475→ 26,438 total→ Common Stock (7,475 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]Restricted stock units withheld for payment of tax liability upon vesting of 7,475 RSUs on February 24, 2026. Stock price reflects closing stock price as of February 24, 2026.
- [F3]On February 25, 2026, the Reporting Person was granted 8,671 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning February 25, 2027, 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.
- [F4]Total includes, in addition to 8,671 RSUs granted on February 25, 2026, unvested RSUs from the following grants: 10,714 RSUs granted on February 27, 2025 which vest in four annual installments on each of the first four anniversaries of the grant date beginning on February 27, 2026; 6,329 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; and 4,615 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Plan, as amended.
Signature
/s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Mark Schuck|2026-02-26