TH.NASDAQTarget Hospitality CORP

Form 4: Target Hospitality CFO Jason Vlacich Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Jason Vlacich, CFO & CAO of Target Hospitality Corp., reports the vesting and subsequent tax withholding of shares on March 4, 2024.

Summary

  • On March 4, 2024, Jason Vlacich, CFO & CAO of Target Hospitality Corp., reported transactions involving common stock and Restricted Stock Units (RSUs).
  • Vlacich acquired 5,353 shares of common stock through the vesting of RSUs.
  • 1,303 shares were disposed of to cover tax liabilities at a price of $9.07 per share.
  • Following these transactions, Vlacich directly owns 55,190 shares of common stock and 70,243 RSUs.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates

DateDescription
03/04/2020Grant date of 21,414 RSUs which vest in four equal installments on each of the first four anniversaries of the grant date beginning on March 4, 2021.
02/24/2022Grant date of 49,834 RSUs which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023.
03/01/2023Grant date of 7,692 RSUs which vest in four equal installments on each of the first four anniversaries of the grant date beginning on March 1, 2024.
02/29/2024Grant date of 39,557 RSUs which vest in four annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2025.
03/04/2024Date of transaction: vesting of 5,353 RSUs and withholding of 1,303 shares for tax liability.
03/06/2024Date of Form 4 filing.
03/01/2025First vesting date of 39,557 RSUs granted on February 29, 2024.

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