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 4, 2024, Heidi Lewis, EVP, General Counsel & Secretary of Target Hospitality Corp., had 5,353 Restricted Stock Units (RSUs) vest.
- Ms. Lewis acquired 5,353 shares of common stock upon vesting of the RSUs.
- 1,303 shares were withheld to cover tax liabilities at a price of $9.07 per share.
- Following the transactions, Ms. Lewis directly owns 122,863 shares of Target Hospitality Corp.
- Ms. Lewis also holds 49,146 unvested RSUs.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine executive compensation matter.
- Shareholders may be interested in insider transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/04/2020 | Grant date for 21,414 RSUs which vest in four equal installments beginning on March 4, 2021. |
| 02/24/2022 | Grant date for 49,834 RSUs which vest in four equal installments beginning on February 24, 2023. |
| 03/01/2023 | Grant date for 7,692 RSUs which vest in four equal installments beginning on March 1, 2024. |
| 02/29/2024 | Grant date for 18,460 RSUs which vest in four annual installments beginning on March 1, 2025. |
| 03/04/2024 | Date of transaction: Vesting of 5,353 Restricted Stock Units and withholding of shares for tax liability. |
| 03/06/2024 | Date of Form 4 filing. |
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