[Form 4] Target Hospitality Corp. Insider Trading Activity
On 06/30/2025, Target Hospitality Corp. (TH) EVP, General Counsel & Secretary Heidi D. Lewis reported a compensation-related equity conversion. She exercised 37,500 performance-based restricted stock units (PSUs) into common shares (code M). To cover payroll taxes, she withheld 9,131 shares at $7.12 each (code F), leaving a net addition of 28,369 shares. Lewis now directly owns 184,454 TH shares.
The PSUs originated from a 07/12/2022 award that allowed up to 75,000 units. The filing shows 37,500 units vested after stock-price hurdles were met, while the remaining 37,500 units were forfeited (code D). No open-market buying or selling occurred; all activity was internal equity compensation.
Although the absolute share count is modest relative to TH鈥檚 float, insider accumulation鈥攅specially by a senior legal executive鈥攎ay be interpreted as a constructive signal of management confidence and alignment with shareholder interests.
Il 30/06/2025, Heidi D. Lewis, EVP, General Counsel e Segretario di Target Hospitality Corp. (TH), ha comunicato una conversione azionaria legata alla retribuzione. Ha esercitato 37.500 unit脿 di azioni vincolate basate sulle performance (PSU) trasformandole in azioni ordinarie (codice M). Per coprire le tasse sul reddito da lavoro, ha trattenuto 9.131 azioni a 7,12$ ciascuna (codice F), con un incremento netto di 28.369 azioni. Lewis detiene ora direttamente 184.454 azioni TH.
Le PSU derivano da un premio del 12/07/2022 che prevedeva fino a 75.000 unit脿. La comunicazione indica che 37.500 unit脿 sono maturate al raggiungimento degli obiettivi di prezzo azionario, mentre le restanti 37.500 unit脿 sono state annullate (codice D). Non si sono verificati acquisti o vendite sul mercato aperto; tutta l鈥檃ttivit脿 riguarda una compensazione azionaria interna.
Pur essendo il numero assoluto di azioni relativamente contenuto rispetto al flottante di TH, l鈥檃ccumulo da parte di un dirigente legale senior pu貌 essere interpretato come un segnale positivo di fiducia della direzione e di allineamento con gli interessi degli azionisti.
El 30/06/2025, Heidi D. Lewis, EVP, Asesora General y Secretaria de Target Hospitality Corp. (TH), inform贸 sobre una conversi贸n de acciones relacionada con compensaci贸n. Ella ejerci贸 37.500 unidades de acciones restringidas basadas en desempe帽o (PSU) convirti茅ndolas en acciones comunes (c贸digo M). Para cubrir impuestos sobre n贸mina, retuvo 9.131 acciones a 7,12$ cada una (c贸digo F), resultando en una adici贸n neta de 28.369 acciones. Lewis posee ahora directamente 184.454 acciones de TH.
Las PSU provienen de un otorgamiento del 12/07/2022 que permit铆a hasta 75.000 unidades. El reporte muestra que 37.500 unidades se consolidaron tras alcanzar los objetivos de precio de la acci贸n, mientras que las restantes 37.500 unidades fueron canceladas (c贸digo D). No hubo compras ni ventas en mercado abierto; toda la actividad fue compensaci贸n interna en acciones.
Aunque el n煤mero absoluto de acciones es modesto en relaci贸n con el flotante de TH, la acumulaci贸n por parte de un alto ejecutivo legal puede interpretarse como una se帽al positiva de confianza gerencial y alineaci贸n con los intereses de los accionistas.
2025雲� 6鞗� 30鞚�, Target Hospitality Corp.(TH)鞚� EVP, 氩曤 瓿犽 氚� 牍勳劀鞚� Heidi D. Lewis臧� 氤挫儊 甏�霠� 欤检嫕 鞝勴櫂鞚� 氤搓碃頄堨姷雼堧嫟. 攴鸽厐電� 靹标臣 旮半皹 鞝滍暅 欤检嫕 雼渼(PSU) 37,500欤茧ゼ 氤错喌欤�(旖旊摐 M)搿� 頄夓偓頄堨姷雼堧嫟. 旮夓棳靹鸽ゼ 於╇嫻頃橁赴 鞙勴暣 7.12雼煬鞐� 9,131欤茧ゼ 鞗愳矞歆曥垬頄堨溂氅�(旖旊摐 F), 靾滌臧� 欤检嫕 靾橂姅 28,369欤�鞛呺媹雼�. 順勳灛 Lewis電� 歆侅爲 184,454欤�毳� 氤挫湢頃橁碃 鞛堨姷雼堧嫟.
鞚� PSU電� 2022雲� 7鞗� 12鞚检棎 攵�鞐悳 瓴冹溂搿� 斓滊寑 75,000雼渼旯岇 項堨毄霅橃棃鞀惦媹雼�. 氤搓碃靹滌棎 霐半ゴ氅� 欤缄皜 臁瓣贝 於╈” 頉� 37,500雼渼臧� 頇曥爼霅橃棃瓿�, 雮橂ǜ歆� 37,500雼渼電� 氇办垬霅橃棃鞀惦媹雼�(旖旊摐 D). 瓿店皽 鞁滌灔鞐愳劀鞚� 毵るГ電� 鞐嗢棃鞙茧┌, 氇摖 頇滊彊鞚� 雮措秬 氤挫儊 甏�霠� 欤检嫕 瓯半灅鞓�鞀惦媹雼�.
TH鞚� 鞙犿喌 欤检嫕 靾橃棎 牍勴暣 鞝堧寑 欤检嫕 靾橂姅 鞝侅毵�, 韸鬼瀳 瓿犾渼 氩曤 鞛勳洂鞚� 雮措秬鞛� 毵れ垬電� 瓴届榿歆勳潣 鞁犽鞕� 欤检＜ 鞚挫澋瓿检潣 鞚检箻 鞁犿樃搿� 頃挫劃霅� 靾� 鞛堨姷雼堧嫟.
Le 30/06/2025, Heidi D. Lewis, EVP, conseill猫re juridique g茅n茅rale et secr茅taire de Target Hospitality Corp. (TH), a d茅clar茅 une conversion d鈥檃ctions li茅e 脿 la r茅mun茅ration. Elle a exerc茅 37 500 unit茅s d鈥檃ctions restreintes bas茅es sur la performance (PSU) en actions ordinaires (code M). Pour couvrir les imp么ts sur la paie, elle a retenu 9 131 actions 脿 7,12 $ chacune (code F), ce qui laisse une augmentation nette de 28 369 actions. Lewis d茅tient d茅sormais directement 184 454 actions TH.
Les PSU proviennent d鈥檜ne attribution du 12/07/2022 autorisant jusqu鈥櫭� 75 000 unit茅s. Le d茅p么t indique que 37 500 unit茅s ont 茅t茅 acquises apr猫s avoir atteint les objectifs de cours de l鈥檃ction, tandis que les 37 500 restantes ont 茅t茅 annul茅es (code D). Aucune transaction sur le march茅 ouvert n鈥檃 eu lieu ; toute l鈥檃ctivit茅 concerne une r茅mun茅ration en actions interne.
Bien que le nombre absolu d鈥檃ctions soit modeste par rapport au flottant de TH, l鈥檃ccumulation par une cadre juridique senior peut 锚tre interpr茅t茅e comme un signal positif de confiance de la direction et d鈥檃lignement avec les int茅r锚ts des actionnaires.
Am 30.06.2025 meldete Heidi D. Lewis, EVP, General Counsel & Sekret盲rin von Target Hospitality Corp. (TH), eine aktienbezogene Verg眉tungsumwandlung. Sie 眉bte 37.500 leistungsabh盲ngige Restricted Stock Units (PSUs) in Stammaktien (Code M) aus. Zur Deckung der Lohnsteuer behielt sie 9.131 Aktien zu je 7,12 $ ein (Code F), was zu einer Nettozunahme von 28.369 Aktien f眉hrte. Lewis besitzt nun direkt 184.454 TH-Aktien.
Die PSUs stammen aus einer Zuteilung vom 12.07.2022, die bis zu 75.000 Einheiten erm枚glichte. Die Meldung zeigt, dass 37.500 Einheiten nach Erreichen der Aktienkursziele vesteten, w盲hrend die restlichen 37.500 Einheiten verfallen sind (Code D). Es gab keinen Handel am offenen Markt; alle Aktivit盲ten erfolgten im Rahmen der internen Aktienverg眉tung.
Obwohl die absolute Aktienzahl im Verh盲ltnis zum Streubesitz von TH moderat ist, kann die Akkumulation durch eine leitende Rechtsbeamtin als positives Signal f眉r das Vertrauen des Managements und die Ausrichtung auf die Interessen der Aktion盲re gewertet werden.
- Senior executive increased direct ownership by 28,369 shares, which can signal confidence in the company鈥檚 outlook.
- PSU vesting was contingent on multi-year share-price targets, evidencing a pay-for-performance alignment between management and shareholders.
- 50% of the original 75,000 PSU grant was forfeited, implying that the highest performance thresholds were not achieved.
Insights
TL;DR: Small, compensation-driven insider buy; mildly positive sentiment, negligible valuation impact.
The transaction increases Lewis鈥檚 direct stake by roughly 28 k shares, taking her total to 184 k. Even if valued at the 07/02/2025 close (~$7), the incremental $0.2 m exposure is immaterial to TH鈥檚 market cap, so price impact should be minimal. However, vesting required stock to average $12.50鈥�$20 for 60-day windows, suggesting historical price targets were partially met. Equity retention rather than cashing out can be read as management鈥檚 ongoing confidence in long-term prospects, though investors should recognize it stems from a pre-arranged incentive plan, not discretionary open-market buying.
TL;DR: PSU vesting shows pay-for-performance structure working; forfeiture highlights stretch targets still unmet.
Half of the 2022 PSU grant vested, confirming some price hurdles were achieved, thus aligning rewards with shareholder returns. The simultaneous forfeiture of the remaining 37,500 units indicates higher thresholds were missed, limiting dilution. Tax withholding via share surrender is standard practice and keeps insider trading windows clean. Overall, the filing exemplifies balanced incentive design鈥攔ewarding partial success while preserving accountability for full performance.
Il 30/06/2025, Heidi D. Lewis, EVP, General Counsel e Segretario di Target Hospitality Corp. (TH), ha comunicato una conversione azionaria legata alla retribuzione. Ha esercitato 37.500 unit脿 di azioni vincolate basate sulle performance (PSU) trasformandole in azioni ordinarie (codice M). Per coprire le tasse sul reddito da lavoro, ha trattenuto 9.131 azioni a 7,12$ ciascuna (codice F), con un incremento netto di 28.369 azioni. Lewis detiene ora direttamente 184.454 azioni TH.
Le PSU derivano da un premio del 12/07/2022 che prevedeva fino a 75.000 unit脿. La comunicazione indica che 37.500 unit脿 sono maturate al raggiungimento degli obiettivi di prezzo azionario, mentre le restanti 37.500 unit脿 sono state annullate (codice D). Non si sono verificati acquisti o vendite sul mercato aperto; tutta l鈥檃ttivit脿 riguarda una compensazione azionaria interna.
Pur essendo il numero assoluto di azioni relativamente contenuto rispetto al flottante di TH, l鈥檃ccumulo da parte di un dirigente legale senior pu貌 essere interpretato come un segnale positivo di fiducia della direzione e di allineamento con gli interessi degli azionisti.
El 30/06/2025, Heidi D. Lewis, EVP, Asesora General y Secretaria de Target Hospitality Corp. (TH), inform贸 sobre una conversi贸n de acciones relacionada con compensaci贸n. Ella ejerci贸 37.500 unidades de acciones restringidas basadas en desempe帽o (PSU) convirti茅ndolas en acciones comunes (c贸digo M). Para cubrir impuestos sobre n贸mina, retuvo 9.131 acciones a 7,12$ cada una (c贸digo F), resultando en una adici贸n neta de 28.369 acciones. Lewis posee ahora directamente 184.454 acciones de TH.
Las PSU provienen de un otorgamiento del 12/07/2022 que permit铆a hasta 75.000 unidades. El reporte muestra que 37.500 unidades se consolidaron tras alcanzar los objetivos de precio de la acci贸n, mientras que las restantes 37.500 unidades fueron canceladas (c贸digo D). No hubo compras ni ventas en mercado abierto; toda la actividad fue compensaci贸n interna en acciones.
Aunque el n煤mero absoluto de acciones es modesto en relaci贸n con el flotante de TH, la acumulaci贸n por parte de un alto ejecutivo legal puede interpretarse como una se帽al positiva de confianza gerencial y alineaci贸n con los intereses de los accionistas.
2025雲� 6鞗� 30鞚�, Target Hospitality Corp.(TH)鞚� EVP, 氩曤 瓿犽 氚� 牍勳劀鞚� Heidi D. Lewis臧� 氤挫儊 甏�霠� 欤检嫕 鞝勴櫂鞚� 氤搓碃頄堨姷雼堧嫟. 攴鸽厐電� 靹标臣 旮半皹 鞝滍暅 欤检嫕 雼渼(PSU) 37,500欤茧ゼ 氤错喌欤�(旖旊摐 M)搿� 頄夓偓頄堨姷雼堧嫟. 旮夓棳靹鸽ゼ 於╇嫻頃橁赴 鞙勴暣 7.12雼煬鞐� 9,131欤茧ゼ 鞗愳矞歆曥垬頄堨溂氅�(旖旊摐 F), 靾滌臧� 欤检嫕 靾橂姅 28,369欤�鞛呺媹雼�. 順勳灛 Lewis電� 歆侅爲 184,454欤�毳� 氤挫湢頃橁碃 鞛堨姷雼堧嫟.
鞚� PSU電� 2022雲� 7鞗� 12鞚检棎 攵�鞐悳 瓴冹溂搿� 斓滊寑 75,000雼渼旯岇 項堨毄霅橃棃鞀惦媹雼�. 氤搓碃靹滌棎 霐半ゴ氅� 欤缄皜 臁瓣贝 於╈” 頉� 37,500雼渼臧� 頇曥爼霅橃棃瓿�, 雮橂ǜ歆� 37,500雼渼電� 氇办垬霅橃棃鞀惦媹雼�(旖旊摐 D). 瓿店皽 鞁滌灔鞐愳劀鞚� 毵るГ電� 鞐嗢棃鞙茧┌, 氇摖 頇滊彊鞚� 雮措秬 氤挫儊 甏�霠� 欤检嫕 瓯半灅鞓�鞀惦媹雼�.
TH鞚� 鞙犿喌 欤检嫕 靾橃棎 牍勴暣 鞝堧寑 欤检嫕 靾橂姅 鞝侅毵�, 韸鬼瀳 瓿犾渼 氩曤 鞛勳洂鞚� 雮措秬鞛� 毵れ垬電� 瓴届榿歆勳潣 鞁犽鞕� 欤检＜ 鞚挫澋瓿检潣 鞚检箻 鞁犿樃搿� 頃挫劃霅� 靾� 鞛堨姷雼堧嫟.
Le 30/06/2025, Heidi D. Lewis, EVP, conseill猫re juridique g茅n茅rale et secr茅taire de Target Hospitality Corp. (TH), a d茅clar茅 une conversion d鈥檃ctions li茅e 脿 la r茅mun茅ration. Elle a exerc茅 37 500 unit茅s d鈥檃ctions restreintes bas茅es sur la performance (PSU) en actions ordinaires (code M). Pour couvrir les imp么ts sur la paie, elle a retenu 9 131 actions 脿 7,12 $ chacune (code F), ce qui laisse une augmentation nette de 28 369 actions. Lewis d茅tient d茅sormais directement 184 454 actions TH.
Les PSU proviennent d鈥檜ne attribution du 12/07/2022 autorisant jusqu鈥櫭� 75 000 unit茅s. Le d茅p么t indique que 37 500 unit茅s ont 茅t茅 acquises apr猫s avoir atteint les objectifs de cours de l鈥檃ction, tandis que les 37 500 restantes ont 茅t茅 annul茅es (code D). Aucune transaction sur le march茅 ouvert n鈥檃 eu lieu ; toute l鈥檃ctivit茅 concerne une r茅mun茅ration en actions interne.
Bien que le nombre absolu d鈥檃ctions soit modeste par rapport au flottant de TH, l鈥檃ccumulation par une cadre juridique senior peut 锚tre interpr茅t茅e comme un signal positif de confiance de la direction et d鈥檃lignement avec les int茅r锚ts des actionnaires.
Am 30.06.2025 meldete Heidi D. Lewis, EVP, General Counsel & Sekret盲rin von Target Hospitality Corp. (TH), eine aktienbezogene Verg眉tungsumwandlung. Sie 眉bte 37.500 leistungsabh盲ngige Restricted Stock Units (PSUs) in Stammaktien (Code M) aus. Zur Deckung der Lohnsteuer behielt sie 9.131 Aktien zu je 7,12 $ ein (Code F), was zu einer Nettozunahme von 28.369 Aktien f眉hrte. Lewis besitzt nun direkt 184.454 TH-Aktien.
Die PSUs stammen aus einer Zuteilung vom 12.07.2022, die bis zu 75.000 Einheiten erm枚glichte. Die Meldung zeigt, dass 37.500 Einheiten nach Erreichen der Aktienkursziele vesteten, w盲hrend die restlichen 37.500 Einheiten verfallen sind (Code D). Es gab keinen Handel am offenen Markt; alle Aktivit盲ten erfolgten im Rahmen der internen Aktienverg眉tung.
Obwohl die absolute Aktienzahl im Verh盲ltnis zum Streubesitz von TH moderat ist, kann die Akkumulation durch eine leitende Rechtsbeamtin als positives Signal f眉r das Vertrauen des Managements und die Ausrichtung auf die Interessen der Aktion盲re gewertet werden.
FAQ
How many Target Hospitality (TH) shares did EVP Heidi D. Lewis acquire on 06/30/2025?
What was the net change in Lewis's TH share ownership?
Why were 9,131 TH shares sold at $7.12?
How many PSUs from the 2022 grant actually vested?
What is Heidi D. Lewis鈥檚 total direct ownership after the Form 4 filing?
