Target Hospitality Corp. (TH) grants 6,963 RSUs to newly appointed director
Rhea-AI Filing Summary
Sanchack Erich reported acquisition or exercise transactions in this Form 4 filing.
Target Hospitality Corp. director Erich Sanchack received a grant of 6,963 Restricted Stock Units on August 4, 2026 as a newly appointed board member. Each RSU represents one share of common stock or its cash equivalent and vests in full on May 20, 2027 under the 2019 Incentive Award Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sanchack Erich
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 6,963 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 6,963 shares (Direct)
Footnotes (2)
- F1. Each Restricted Stock Unit represents a contingent right to receive upon vesting one share of common stock of the Issuer, par value $0.0001 per share ("Common Stock"), of its cash equivalent.
- F2. On August 4, 2026, the Reporting Person, as a newly appointed director the Board of Directors, was granted 6,963 RSUs which vest in full on May 20, 2027, subject to Target Hospitality Corp. 2019 Incentive Award Plan, as amended, and Award Agreement.
Key Figures
RSUs granted: 6,963 RSUs
Underlying common shares: 6,963 shares
Vesting date: May 20, 2027
+3 more
6 metrics
RSUs granted
6,963 RSUs
Grant to director Erich Sanchack on August 4, 2026
Underlying common shares
6,963 shares
Each RSU represents one share of common stock or its cash equivalent
Vesting date
May 20, 2027
RSUs vest in full on this date under the 2019 Incentive Award Plan
Transaction date
August 4, 2026
Date the 6,963 RSUs were granted to the newly appointed director
Par value per share
$0.0001 per share
Par value of Target Hospitality common stock underlying the RSUs
Reported grant price
$0.0000 per unit
Equity incentive grant reported with no purchase price
Key Terms
Restricted Stock Units, contingent right, 2019 Incentive Award Plan, Award Agreement, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive upon vesting"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"represents a contingent right to receive upon vesting one share of common stock"
2019 Incentive Award Plan financial
"subject to Target Hospitality Corp. 2019 Incentive Award Plan, as amended"
Award Agreement financial
"subject to Target Hospitality Corp. 2019 Incentive Award Plan, as amended, and Award Agreement"
An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.
par value financial
"one share of common stock of the Issuer, par value $0.0001 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did Target Hospitality (TH) director Erich Sanchack receive?
Erich Sanchack received 6,963 Restricted Stock Units (RSUs) on August 4, 2026 as a newly appointed director. Each RSU represents a contingent right to one share of Target Hospitality common stock, par value $0.0001 per share, or its cash equivalent.
When do Erich Sanchack's Target Hospitality (TH) RSUs vest?
The 6,963 RSUs granted to Erich Sanchack vest in full on May 20, 2027. Vesting is subject to the Target Hospitality Corp. 2019 Incentive Award Plan, as amended, and the applicable Award Agreement governing the terms of the grant.
Was this TH insider transaction a market purchase or sale?
The transaction is a grant/award acquisition of 6,963 RSUs, coded "A" as a compensation award, not a market purchase or sale. The per-unit price is reported as $0.0000, reflecting that it is an equity incentive grant under the company’s compensation plan.
What Target Hospitality (TH) holdings does Erich Sanchack report after the RSU grant?
After the grant, Erich Sanchack reports 6,963 Restricted Stock Units held with direct ownership. These RSUs are derivative securities tied to Target Hospitality common stock and will convert into shares or cash upon vesting on May 20, 2027, under plan terms.