TH.NASDAQTarget Hospitality CORP
Form 4: Target Hospitality Executive Troy C. Schrenk Reports Stock Transactions
Sentiment:
SEC Form 4 Filing
Troy C. Schrenk, SEVP, Operations & CCO of Target Hospitality Corp., reports acquisition and disposal of common stock and restricted stock units.
Summary
- On February 24, 2025, Troy C. Schrenk acquired 49,834 shares of common stock due to the vesting of performance stock units (PSUs) at 150% of the target level.
- He also acquired 24,917 shares through the vesting of restricted stock units (RSUs).
- 18,201 shares were disposed of to cover tax liabilities related to the vesting of the RSUs and PSUs at a price of $5.05 per share.
- Following these transactions, Schrenk directly owns 149,708 shares of common stock and 65,463 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by an executive, indicating a neutral sentiment.
Key Dates
| Date | Description |
|---|---|
| February 24, 2022 | Date of PSU grant to the Reporting Person under the Target Hospitality Corp. 2019 Incentive Award Plan. |
| January 1, 2022 December 31, 2024 | Period for determining achievement of specified three-year cumulative operating cash flow amounts for PSU vesting. |
| February 24, 2022 | Date of RSU grant to the Reporting Person which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023. |
| March 1, 2023 | Date of RSU grant to the Reporting Person which vest in four equal installments on each of the first four anniversaries of the grant date beginning on March 1, 2024. |
| February 29, 2024 | Date of RSU grant to the Reporting Person which vest in four annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2025. |
| February 24, 2025 | Date of transaction: Acquisition and disposal of shares and vesting of RSUs and PSUs. |
| February 26, 2025 | Date of signature for the Form 4 filing. |
| March 1, 2025 | First anniversary of the February 29, 2024 RSU grant. |
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.