James B. Archer - 29 Feb 2024 Form 4 Insider Report for Target Hospitality Corp. (TH)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
04 Mar 2024, 17:19:48 UTC
Prior SEC filing
27 Feb 2024
Next SEC filing
06 Mar 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of James B. Archer
Filing notes and source

Key filing fact

James B. Archer filed Form 4 for Target Hospitality Corp. (TH) on 04 Mar 2024.

Key facts

  • This page summarizes James B. Archer's Form 4 filing for Target Hospitality Corp. (TH).
  • 4 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 04 Mar 2024, 17:19.

Change

  • Previous filing in this sequence was filed on 27 Feb 2024.
  • Current net transaction value: -$54,480.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TH transaction

Common Stock, par value $0.0001 per share

Options Exercise

Transaction value
Shares
+14,423
Change %
+1%
Price
Shares after
1,445,140
Date
01 Mar 2024
Ownership
Direct
Footnotes
F1
TH transaction

Common Stock, par value $0.0001 per share

Tax liability

Transaction value
$54,480
Shares
-5,675
Change %
-0.39%
Price
$9.60
Shares after
1,439,465
Date
01 Mar 2024
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TH transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+100,211
Change %
+48%
Price
$0.000000
Shares after
309,253
Date
29 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
100,211
Exercise price
Footnotes
F1, F3, F4
TH transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-14,423
Change %
-4.7%
Price
$0.000000
Shares after
294,830
Date
01 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
14,423
Exercise price
Footnotes
F1, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Each Restricted Stock Unit 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.

Footnote F2

Restricted stock units withheld for payment of tax liability upon vesting of 14,423 RSUs on 03.01.2024. Stock price reflects closing stock price as of March 1, 2024.

Footnote F3

On February 29, 2024, the Reporting Person was granted by the Compensation Committee 100,211 restricted stock units which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 1, 2025, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan") and the Restricted Stock Unit Award Agreement entered into between Issuer and the Reporting Person.

Footnote F4

Total includes, in addition to the grant of 100,211 RSUs on 02.29.2024, unvested RSUs from the following grants: 57,692 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; 249,169 RSUs granted on February 24, 2022, which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; and 107,067 RSUs granted on March 4, 2020 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on March 4, 2021. Awards are subject to the terms of the respective RSU award agreements and subject to the Plan.

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