Target Hospitality (TH) SEVP nets common shares after RSU vesting and tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Target Hospitality Corp. Senior Executive Vice President of Operations & CCO Troy C. Schrenk reported multiple equity transactions involving Restricted Stock Units (RSUs) and common stock. On February 27 and March 1, 2026, he exercised RSUs, each representing a right to receive one share of common stock or its cash equivalent, resulting in new common shares at a stated price of $0.0000 per share.
In connection with these vestings, shares of common stock were automatically withheld at $7.79 per share to cover tax liabilities, rather than being sold in an open-market transaction. After these transactions, Schrenk directly held 211,088 shares of common stock and 106,018 RSUs, which include unvested awards from prior grants that vest in four annual installments beginning between March 1, 2024 and February 25, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
23,375 shares exercised/converted
Mixed
9 txns
Insider
Schrenk Troy C.
Role
SEVP, Operations & CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,252 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,846 | $0.00 | -- |
| Exercise | Common Stock, par value $0.0001 per share | 7,252 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.0001 per share | 1,765 | $7.79 | $14K |
| Exercise | Common Stock, par value $0.0001 per share | 3,846 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.0001 per share | 936 | $7.79 | $7K |
| Exercise | Restricted Stock Units | 12,277 | $0.00 | -- |
| Exercise | Common Stock, par value $0.0001 per share | 12,277 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.0001 per share | 2,989 | $7.79 | $23K |
Holdings After Transaction:
Restricted Stock Units — 98,766 shares (Direct);
Common Stock, par value $0.0001 per share — 209,943 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") or Performance-Based Restricted Stock Unit ("PSU") represents a contingent right to receive upon vesting one share of common stock of the Issuer, par value $0.0001 per share ("Common Stock") or its cash equivalent. Restricted stock units withheld for payment of tax liability upon vesting of 12,277 RSUs February 27, 2026 and 11,098 RSUs March 1, 2026. Stock price reflects closing stock price as of February 27, 2026, the last trading day prior to vesting. Total includes unvested RSUs from the following grants: 39,740 RSUs granted on February 25, 2026 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning February 25, 2027; 49,107 RSUs granted on February 27, 2025 which vest in four annual installments on each of the first four anniversaries of the grant date beginning on February 27, 2026; 29,008 RSUs granted on February 29, 2024 which vest in four annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2025; and 15,385 RSUs granted on March 1, 2023, which vest in four equal installments on each of the first four anniversaries of the grant date beginning on March 1, 2024. Awards are subject to the terms of the respective RSU award agreements and subject to the Target Hospitality Corp. 2019 Incentive Award Plan, as amended.
FAQ
What insider transactions were reported for Target Hospitality (TH)?
Troy C. Schrenk reported exercising Restricted Stock Units into common shares and having some shares withheld to pay taxes. These were derivative exercises and tax-withholding dispositions, not open-market purchases or sales, and updated his direct holdings in Target Hospitality equity.
Who is the insider involved in the latest Target Hospitality Form 4?
The insider is Troy C. Schrenk, Senior Executive Vice President of Operations and Chief Commercial Officer of Target Hospitality Corp. He reported RSU vesting, related common stock issuances, and share withholdings to satisfy tax obligations tied to those equity awards.
What RSU grants are outstanding for the Target Hospitality executive?
Outstanding RSUs include 39,740 granted February 25, 2026; 49,107 granted February 27, 2025; 29,008 granted February 29, 2024; and 15,385 granted March 1, 2023. Each grant vests in four annual installments starting between March 1, 2024 and February 25, 2027.