Form 4 for TH Target Hospitality Corp.
Accepted 2024-03-04 00:00:00 ET · period of report 2024-02-29 · accession 0001712189-24-000021 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-03-04 | 2024-03-01 | TH | Schrenk Troy C. | CCO, SEVP, Ops | F - Tax | $9.60 | -936 | 89.1K | -1% | -$8,986 |
| D | 2024-03-04 | 2024-03-01 | TH | Schrenk Troy C. | CCO, SEVP, Ops | M - OptEx | — | +3,847 | 90.0K | +4% | — |
| D | 2024-03-04 | 2024-02-29 | TH | Schrenk Troy C. | CCO, SEVP, Ops | A - Grant | $0.00 | +29.0K | 99.6K | +41% | $0 |
| D | 2024-03-04 | 2024-03-01 | TH | Schrenk Troy C. | CCO, SEVP, Ops | M - OptEx | $0.00 | -3,847 | 95.7K | -4% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $0.0001 per share | 2024-03-01 | F | D | 936 | $9.60 | 89,108 | D | — | — | (F2) Restricted stock units withheld for payment of tax liability upon vesting of 3,847 RSUs on March 1, 2024. Stock price reflects closing stock price as of March 1, 2024. |
| 2 | Common | Common Stock, par value $0.0001 per share | 2024-03-01 | M | A | 3,847 | — | 90,044 | D | — | — | (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. |
| 3 | Derivative | Restricted Stock Units | 2024-02-29 | A | A | 29,008 | $0.00 | 99,581 | D | — · — to — | 29,008 Common Stock | (F4) Total includes, in addition to the grant of 29,008 RSUs on 02.29.2024, unvested RSUs from the following grants: 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 Plan. (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. (F3) On February 29, 2024, the Reporting Person was granted by the Compensation Committee 29,008 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. |
| 4 | Derivative | Restricted Stock Units | 2024-03-01 | M | D | 3,847 | $0.00 | 95,733 | D | — · — to — | 3,847 Common Stock | (F4) Total includes, in addition to the grant of 29,008 RSUs on 02.29.2024, unvested RSUs from the following grants: 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 Plan. (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. |