Form 4: Target Hospitality CFO Exercises Stock Appreciation Rights and Disposes of Shares

Jason Paul Vlacich, CFO & CAO of Target Hospitality Corp., exercised stock appreciation rights and disposed of common stock on April 12, 2024.

Summary

• On April 12, 2024, Jason Paul Vlacich, the CFO & CAO of Target Hospitality Corp., exercised stock appreciation rights (SARs) and disposed of common stock.
• Vlacich acquired 54,348 shares of common stock through the exercise of SARs at a price of $1.79 per share.
• Simultaneously, Vlacich disposed of 54,348 shares of common stock at a price of $10.71 per share.
• Following these transactions, Vlacich beneficially owns 55,190 shares of Target Hospitality Corp.
• The SARs vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date, subject to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended and SAR Award Agreement.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reflects a routine transaction by a company executive. The exercise of SARs and subsequent sale of shares is a common practice and doesn't necessarily indicate a positive or negative outlook on the company's future.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding the company's stock.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.
• The disposal of shares may have a minor impact on the stock price, depending on market conditions and investor sentiment.

Key Dates