Form 4: Target Hospitality Director Alejandro Hernandez Reports Vesting of Restricted Stock Units
SEC Form 4 Filing
Alejandro Hernandez, a director at Target Hospitality Corp., reported the vesting of 6,875 restricted stock units on May 18, 2024, convertible to common stock.
Summary
- On May 18, 2024, Alejandro Hernandez, a director of Target Hospitality Corp., reported the vesting of 6,875 Restricted Stock Units (RSUs).
- These RSUs, granted on June 19, 2023, vested in full on May 18, 2024, or the date of the next annual meeting of stockholders, whichever is earlier.
- Each RSU represents the right to receive one share of Target Hospitality Corp. common stock or its cash equivalent.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: This is a neutral event related to executive compensation. It doesn't indicate positive or negative performance for the company.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The vesting of RSUs may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| June 19, 2023 | Date the Reporting Person was granted 6,875 Restricted Stock Units |
| May 18, 2024 | Date of transaction: Vesting of 6,875 Restricted Stock Units |
| May 21, 2024 | Date of Form 4 filing |
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