Form 4: TDR Capital II Investments LP Reports Acquisition of Restricted Stock Units in Target Hospitality Corp.

TDR Capital II Investments LP reports the acquisition of 12,998 restricted stock units in Target Hospitality Corp. through a transfer from Stephen Robertson to Arrow Holdings S.a r.l.

Summary

• TDR Capital II Investments LP, along with related entities and individuals, filed a Form 4 regarding changes in beneficial ownership of Target Hospitality Corp. securities.
• On May 23, 2024, Stephen Robertson was granted 12,998 restricted stock units (RSUs) which vest in full on the first anniversary of the grant date or, if earlier, the date of the first annual meeting of the stockholders of the Issuer following the grant date.
• Immediately following the grant, Mr. Robertson transferred the RSUs to Arrow Holdings S.a r.l.
• The RSUs represent a contingent right to receive one share of common stock of Target Hospitality Corp. or its cash equivalent upon vesting.
• TDR Capital II Investments LP, as the controlling shareholder of Arrow, may be deemed the beneficial owner of the securities held by Arrow.
• Other related entities, including MFA Holding S.a r.l., MFA Limited Partnership SLP, MFA Global S.a r.l., TDR Capital LLP, and Sapphire Holding S.a r.l., along with individuals Manjit Dale, Gary Lindsay, and Thomas Mitchell, may also be deemed beneficial owners of the securities.
• These parties disclaim beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting a transfer of restricted stock units. It doesn't inherently indicate positive or negative sentiment, but rather a procedural update.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the ownership positions of significant shareholders and insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding changes in ownership.

Key Dates