Form 4: Target Hospitality Director John C. Dorman Reports Vesting of Restricted Stock Units
SEC Form 4
Director John C. Dorman reports the vesting of 3,082 Restricted Stock Units in Target Hospitality Corp.
Summary
- On May 18, 2024, John C. Dorman, a director of Target Hospitality Corp., had 3,082 Restricted Stock Units (RSUs) vest.
- These RSUs convert into shares of common stock or their cash equivalent.
- The RSUs were granted on February 29, 2024, and vested on May 18, 2024, or the date of the 2024 annual meeting of stockholders, subject to the company's 2019 Incentive Award Plan.
Sentiment
Score: 5
Explanation: This is a neutral event related to executive compensation; it doesn't inherently indicate positive or negative sentiment.
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 |
|---|---|
| February 29, 2024 | Date the Reporting Person was granted 3,082 Restricted Stock Units |
| May 18, 2024 | Date of transaction and vesting of Restricted Stock Units |
| May 21, 2024 | Date of signature on the Form 4 filing |
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