Form 4: Target Hospitality Executive Troy C. Schrenk Reports Stock Transactions
SEC Form 4
Troy C. Schrenk, SEVP, Operations & CCO of Target Hospitality Corp., reports acquisition and disposal of common stock and restricted stock units.
Summary
- On March 1, 2025, Troy C. Schrenk acquired 11,098 shares of common stock through the vesting of restricted stock units (RSUs).
- Also on March 1, 2025, 2,701 shares were disposed of at $5.61 per share to cover tax liabilities related to the RSU vesting.
- Following these transactions, Schrenk directly owns 158,105 shares of common stock and 103,472 RSUs.
- On February 27, 2025, Schrenk was granted 49,107 RSUs which vest in four equal annual installments beginning February 27, 2026.
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.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and recent activities but doesn't necessarily indicate a change in the company's outlook.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Grant date of 99,668 RSUs vesting in four equal installments beginning February 24, 2023 |
| 03/01/2023 | Grant date of 15,385 RSUs vesting in four equal installments beginning March 1, 2024 |
| 02/29/2024 | Grant date of 29,008 RSUs vesting in four annual installments beginning March 1, 2025 |
| 02/27/2025 | Grant date of 49,107 RSUs vesting in four equal annual installments beginning February 27, 2026 |
| 03/01/2025 | Acquisition of 11,098 shares of common stock through RSU vesting and disposal of 2,701 shares for tax liability |
| 03/03/2025 | Date of Form 4 filing |
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