Form 4: Target Hospitality CEO James B. Archer Reports Stock Transactions

James B. Archer, Director, CEO, and President of Target Hospitality Corp., reports the vesting and subsequent tax withholding of restricted stock units (RSUs) on February 24 and 25, 2024.

Summary

• James B. Archer, the Director, CEO, and President of Target Hospitality Corp., filed a Form 4 detailing changes in beneficial ownership.
• On February 24, 2024, 62,292 Restricted Stock Units (RSUs) vested, resulting in the acquisition of 62,292 shares of common stock.
• Also on February 24, 2024, 24,511 shares were disposed of to cover tax liabilities at a price of $9.41 per share.
• On February 25, 2024, 119,047 RSUs vested, resulting in the acquisition of 119,047 shares of common stock.
• Additionally on February 25, 2024, 46,844 shares were disposed of to cover tax liabilities at a price of $9.41 per share.
• Following these transactions, Archer directly owns 1,430,717 shares of Target Hospitality Corp.
• The reported transactions were signed by Heidi D. Lewis, as Attorney-in-Fact on behalf of James B. Archer on February 27, 2024.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon RSU vesting.
• The tax withholding benefits the government.

Key Dates