Troy C. Schrenk - Mar 4, 2024 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role
SEVP, Operations & CCO
Signature
/s/ Heidi D. Lewis as Attorney-in-Fact on behalf of Troy C. Shrenk
Stock symbol
TH
Transactions as of
Mar 4, 2024
Transactions value $
-$11,818
Form type
4
Date filed
3/6/2024, 04:40 PM
Previous filing
Mar 4, 2024
Next filing
Apr 10, 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 +5.35K +6.01% 94.5K Mar 4, 2024 Direct F1
transaction TH Common Stock, par value $0.0001 per share Tax liability -$11.8K -1.3K -1.38% $9.07 93.2K Mar 4, 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 Options Exercise $0 -5.35K -5.59% $0.00 90.4K Mar 4, 2024 Common Stock 5.35K Direct F1, F3
* 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 5,353 RSUs on 03.04.2024. Stock price reflects closing stock price as of March 4, 2024.
F3 Total includes unvested RSUs from the following grants: 29,008 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; 15,385 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; 99,668 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 Target Hospitality Corp. 2019 Incentive Award Plan, as amended.