Form 4: Target Hospitality CFO Vlacich's Performance-Based Stock Units Vest, Shares Sold for Taxes

Target Hospitality Corp.'s CFO and CAO, Jason Paul Vlacich, saw 37,500 performance-based restricted stock units vest, leading to the acquisition of common stock and a subsequent sale of shares to cover tax obligations.

Summary

• Jason Paul Vlacich, Chief Financial Officer and Chief Administrative Officer of Target Hospitality Corp. (TH), reported changes in his beneficial ownership of company securities.
• On June 30, 2025, 37,500 Performance-Based Restricted Stock Units (PSUs) granted to Mr. Vlacich on July 12, 2022, vested and converted into an equal number of common shares.
• The vesting of these PSUs was contingent upon Target Hospitality Corp.'s Common Stock achieving specific volume-weighted average prices ranging from $12.50 to $20.00 during certain 60-consecutive calendar day measurement periods.
• Following the vesting, 9,131 shares of common stock were disposed of at a price of $7.12 per share to satisfy tax withholding obligations related to the vesting event.
• After these transactions, Mr. Vlacich directly beneficially owns 120,771 shares of Target Hospitality Corp. Common Stock.

Sentiment

Score: 6

Explanation: The vesting of performance-based awards is a positive indicator of past performance meeting targets. However, the sale of shares for tax purposes at a price significantly lower than the vesting targets introduces a slight negative nuance regarding current market valuation relative to performance thresholds.

Positives

• The vesting of 37,500 Performance-Based Restricted Stock Units indicates that Target Hospitality Corp.'s common stock achieved specific volume-weighted average price targets, demonstrating successful performance against pre-defined metrics.

Negatives

• Shares were disposed of at $7.12 per share to cover tax liabilities, which is significantly below the performance targets ($12.50 to $20.00) that triggered the vesting of the PSUs, suggesting a decline in market price relative to the performance thresholds.

Future Outlook

The document does not provide new forward-looking statements or guidance; it reports on the vesting of performance-based awards based on the past achievement of pre-defined stock price targets.

Industry Context

Not applicable as this is an insider transaction report specific to company executive compensation.

Stakeholder Impact

• Shareholders gain transparency into executive compensation structures and the level of share ownership by key management personnel.

Key Dates

Keywords

Target Hospitality, TH, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, PSU Vesting, Share Ownership, Jason Vlacich