Form 4: Target Hospitality Executive Troy C. Schrenk Reports Stock Transactions

Troy C. Schrenk, SEVP, Operations & CCO of Target Hospitality Corp., reports the vesting and subsequent tax withholding of restricted stock units.

Summary

• On February 24 and 25, 2024, Troy C. Schrenk, SEVP, Operations & CCO of Target Hospitality Corp., had restricted stock units (RSUs) vest.
• A total of 24,917 RSUs vested on February 24, 2024, and 47,619 RSUs vested on February 25, 2024.
• Shares were withheld to cover tax liabilities upon the vesting of these RSUs.
• The price used for calculating the tax liability was $9.41 per share, reflecting the closing stock price as of February 23, 2024.
• Following these transactions, Schrenk directly owns 86,197 shares of Target Hospitality Corp.
• The reported transactions were executed pursuant to the terms of the company's incentive award plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor executive compensation and potential alignment of interests.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the execution of existing compensation plans.

Key Dates