Welcome to our dedicated page for Target Hospitality SEC filings (Ticker: TH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Target Hospitality Corp. filings document the public-company record for a Nasdaq-listed provider of modular accommodations and hospitality services. Its 8-K reports disclose operating results, investor presentations, Regulation FD business updates, contract announcements and material corporate events connected to its workforce communities and service offerings.
TH filings also cover common stock registration and capital-structure matters, including prospectus supplements and underwriting agreements for secondary offerings by selling stockholders. Proxy materials describe annual meeting proposals, board composition, committee service, executive compensation and equity incentive matters, while governance-related 8-K filings record director appointments and amendments to performance stock unit arrangements under the company incentive plan.
Target Hospitality Corp. updated its long-term incentive framework for senior leaders. On February 25, 2026, the board’s Compensation Committee approved new standard forms of executive restricted stock unit (RSU) and performance stock unit (PSU) agreements under the company’s 2019 Incentive Plan.
The PSUs now vest based on two metrics, each weighted equally over a defined performance period: the company’s Total Shareholder Return and its Adjusted EBITDA. Depending on performance, vesting can range from 0% to 200% of the target PSU level.
On the same date, the committee granted PSUs to three executives: 400,000 PSUs to Executive Vice President Operations and Chief Commercial Officer Troy Schrenk, 300,000 to Executive Vice President, Strategy & Corporate Development Brendan Dowhaniuk, and 175,000 to Executive Vice President, General Counsel and Secretary Heidi Lewis. The company states these awards are intended to motivate, incentivize and retain these leaders.
Target Hospitality Corp. director, CEO and president James Bradley Archer reported multiple equity compensation transactions involving restricted stock units (RSUs) and common stock. On February 27, 2026 and March 1, 2026, RSUs vested and were converted into common shares at no exercise price, increasing his direct holdings. The filing shows RSUs representing one share of common stock or its cash equivalent upon vesting. Some of the newly issued common shares were simultaneously withheld to cover tax liabilities, recorded as code "F" transactions at a price of $7.79 per share, consistent with the stated closing stock price on February 27, 2026. After these transactions, Archer directly owned 1,808,113–1,832,056 shares of common stock across the reported events, along with a substantial balance of unvested RSUs subject to multi-year vesting schedules under the company’s 2019 Incentive Award Plan.
Hahamski Cyril Jordanov reported acquisition or exercise transactions in this Form 4 filing.
Target Hospitality Corp. granted its Chief Accounting Officer, Hahamski Cyril Jordanov, 10,838 Restricted Stock Units (RSUs) on February 25, 2026. Each RSU represents a contingent right to receive one share of common stock or its cash equivalent upon vesting.
The award vests in four equal annual installments on each of the first four anniversaries of the grant date, beginning February 25, 2027. The grant was made under the company’s 2019 Incentive Award Plan and a related RSU agreement.
Dowhaniuk Brendan reported acquisition or exercise transactions in this Form 4 filing.
Target Hospitality Corp. executive Brendan Dowhaniuk, EVP of Strategy & Corporate Development, received equity awards in the form of restricted and performance stock units. He was granted 25,289 Restricted Stock Units (RSUs), each representing a right to one share of common stock or its cash equivalent upon vesting.
These RSUs vest in four equal annual installments starting on February 25, 2027 under the company’s 2019 Incentive Award Plan. Dowhaniuk was also granted a maximum of 300,000 Performance Stock Units (PSUs). The actual PSUs earned can range from 0 to 300,000, depending on the stock achieving volume-weighted average price targets between $20.00 and $30.00 during defined 60-day measurement periods, with cumulative earned PSUs vesting on June 30, 2028 or upon certain other events.
Target Hospitality Corp. senior vice president of finance and investor relations Mark Schuck reported equity compensation activity involving restricted stock units and common shares. On February 25, 2026, he received a grant of 8,671 restricted stock units that vest in four equal annual installments starting on February 25, 2027.
On February 24, 2026, 7,475 restricted stock units vested and were settled into common stock, and 1,820 common shares were disposed of at $6.67 per share to cover tax withholding obligations. After these transactions, Schuck holds 24,677 common shares directly, along with multiple unvested RSU awards scheduled to vest over the next several years under the company’s 2019 Incentive Award Plan.
Target Hospitality Corp. CFO Jason Paul Vlacich reported multiple equity transactions. He received a grant of 43,353 Restricted Stock Units on February 25, 2026, which vest in four equal annual installments beginning February 25, 2027. On February 24, 2026, 12,458 RSUs were exercised into the same number of common shares, and 3,033 common shares were withheld at a stock price of $6.67 per share to cover tax liabilities upon vesting. Following these transactions, his direct holdings of common stock were 130,196 shares, and his direct holdings of RSUs were 142,895 units, including prior unvested awards.
Target Hospitality Corp. executive Heidi Diane Lewis, EVP, General Counsel & Secretary, reported new equity awards and related share movements. On February 25, 2026, she received 28,902 Restricted Stock Units (RSUs) that vest in four equal annual installments starting February 25, 2027.
She was also granted a maximum of 175,000 Performance Stock Units (PSUs), with the actual number earned ranging from 0 to 175,000 based on the company’s stock hitting volume-weighted average price targets between $20.00 and $30.00 during specified 60‑day measurement periods, with earned PSUs vesting on June 30, 2028 subject to plan terms.
On February 24, 2026, 12,458 RSUs were exercised into an equal number of common shares, and 3,033 shares of common stock were surrendered at $6.67 per share to cover tax liabilities, a tax-withholding disposition rather than an open‑market sale.
Target Hospitality Corp. executive Troy C. Schrenk reported multiple equity award transactions. On February 25, 2026, he received a grant of 39,740 restricted stock units (RSUs) that vest in four equal annual installments starting February 25, 2027, under the company’s 2019 Incentive Award Plan.
He was also granted a maximum of 400,000 performance stock units (PSUs) on February 25, 2026. The actual number that vest can range from 0 to 400,000 based on the company’s common stock achieving specified volume weighted average price targets between $20.00 and $30.00 during annual 60-day measurement periods, with earned PSUs vesting on June 30, 2028 or upon certain other events.
On February 24, 2026, 24,917 RSUs were exercised into 24,917 shares of common stock at $0.00, with 6,067 shares of common stock withheld at $6.67 per share to cover tax liabilities upon vesting. Following these transactions, Schrenk directly held 193,403 shares of common stock and 400,000 PSUs, along with 143,212 RSUs.
Target Hospitality Corp. director, CEO and President James Bradley Archer reported multiple equity award transactions. He received a grant of 137,283 restricted stock units (RSUs) on February 25, 2026, which vest in four equal annual installments starting February 25, 2027, under the company’s 2019 Incentive Award Plan.
On February 24, 2026, 62,292 RSUs were exercised into an equal number of common shares at a stated price of $0.00, and 24,511 common shares at $6.67 per share were withheld to cover tax liabilities upon vesting. After these moves, he directly holds 1,782,390 common shares and 473,232 RSUs, including prior unvested RSU grants.
Target Hospitality Corp.'s Chief Accounting Officer, Cyril Jordanov Hahamski, filed an initial ownership report on Form 3. The filing shows beneficial ownership of 0 shares of common stock as of January 12, 2026, with a footnote stating that no securities are beneficially owned.