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Target Hospitality Corp.·4

May 26, 4:34 PM ET

PATENAUDE PAMELA H. 4

Research Summary

AI-generated summary

Updated

Target Hospitality (TH) Director Pamela Patenaunde Exercises & Receives RSUs

What Happened

  • Pamela H. Patenaunde, a director of Target Hospitality Corp. (TH), had a derivative conversion on May 21, 2026 that shows 16,061 shares from a derivative exercised/converted (recorded at $0) and an immediate disposition of 16,061 shares (also recorded at $0). On the same date she was granted 7,597 Restricted Stock Units (RSUs) recorded at $0. These were award/vesting and conversion events, not open-market purchases or sales for cash.

Key Details

  • Transaction date(s): May 21, 2026 (reported on Form 4 filed May 26, 2026).
  • Reported prices/values: exercise/conversion and disposition of 16,061 shares recorded at $0; new grant of 7,597 RSUs recorded at $0.
  • Shares owned after transaction: total holdings after these events are not specified in the excerpted filing.
  • Footnotes of note:
    • F1: Each RSU represents a contingent right to receive one share (or cash equivalent) upon vesting.
    • F2: The 16,061 RSUs were originally granted May 22, 2025 and vest in full May 22, 2026 (or earlier at the next annual meeting); delivery subject to the award agreement.
    • F3: The 7,597 RSUs were granted May 21, 2026 and vest in full May 21, 2027 (or earlier at the next annual meeting).
  • Timeliness: The Form 4 was filed May 26, 2026 for transactions dated May 21, 2026. That filing date is later than the typical 2-business-day Form 4 deadline and is therefore marked late in the filing.

Context

  • These entries involve RSUs (restricted stock units), which are equity awards that convert into shares upon vesting; they are not the same as an open-market buy or sell by the insider.
  • The $0 amounts are typical for RSU grants/conversions because no cash was paid by the insider; the filing does not specify whether the $0 disposition reflects delivery mechanics (e.g., issuance, transfer or withholding) or another administrative step.
  • For retail investors: RSU grants and vesting are common compensation for directors and do not by themselves indicate buying or selling sentiment, though they increase potential future share ownership when they vest.