Heidi D. Lewis - Feb 29, 2024 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role
EVP, General Counsel & Sec
Signature
Heidi D. Lewis
Stock symbol
TH
Transactions as of
Feb 29, 2024
Transactions value $
-$4,493
Form type
4
Date filed
3/4/2024, 05:26 PM
Previous filing
Feb 27, 2024
Next filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TH Common Stock, par value $0.0001 per share Options Exercise +1.92K +1.64% 119K Mar 1, 2024 Direct F1
transaction TH Common Stock, par value $0.0001 per share Tax liability -$4.49K -468 -0.39% $9.60 119K Mar 1, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TH Restricted Stock Units Award $0 +18.5K +48.63% $0.00 56.4K Feb 29, 2024 Common Stock 18.5K Direct F1, F3, F4
transaction TH Restricted Stock Units Options Exercise $0 -1.92K -3.41% $0.00 54.5K Mar 1, 2024 Common Stock 1.92K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 Restricted stock units withheld for payment of tax liability upon vesting of 1,923 RSUs on March 1, 2024. Stock price reflects closing stock price as of March 1, 2024.
F3 On February 29, 2024, the Reporting Person was granted by the Compensation Committee 18,460 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.
F4 Total includes, in addition to the grant of 18,460 RSUs on 02.29.2024, unvested RSUs from the following grants: 7,692 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; 49,834 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 21,414 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.