Form 4: Target Hospitality Executive Heidi Lewis Reports Stock Transactions
SEC Form 4 Filing
Heidi Lewis, EVP, General Counsel & Secretary of Target Hospitality Corp., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 1, 2025, Heidi Lewis, EVP, General Counsel & Secretary of Target Hospitality Corp., had 6,538 Restricted Stock Units (RSUs) vest.
- Following the vesting, 1,591 shares were withheld for payment of tax liability at a price of $5.61 per share.
- Lewis was also granted 35,714 RSUs on February 27, 2025, which vest in four equal annual installments starting February 27, 2026.
- After these transactions, Lewis beneficially owns 156,085 shares of common stock and 65,863 RSUs.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Positives
- The granting of RSUs to executives can be seen as a positive incentive for performance.
Future Outlook
The reported RSU grants vest over several years, indicating a long-term incentive structure for the executive.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the stock transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units as a way to align management's interests with those of shareholders.
- The vesting schedules and terms described are fairly standard for RSU grants.
Stakeholder Impact
- Shareholders are informed about executive stock transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| February 24, 2022 | 49,834 RSUs granted, vesting in four equal installments beginning February 24, 2023. |
| March 1, 2023 | 7,692 RSUs granted, vesting in four equal installments beginning March 1, 2024. |
| February 29, 2024 | 18,460 RSUs granted, vesting in four annual installments beginning March 1, 2025. |
| February 27, 2025 | 35,714 RSUs granted, vesting in four equal annual installments beginning February 27, 2026. |
| March 1, 2025 | 6,538 RSUs vested; 1,591 shares withheld for tax liability. |
| March 3, 2025 | Date of Form 4 signature. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.