other material
confidence high
sentiment neutral
materiality 0.65
Target Hospitality grants 875K PSUs to three execs; TSR/EBITDA-based vesting
Target Hospitality Corp.
- PSU grants: Troy Schrenk (400K), Brendan Dowhaniuk (300K), Heidi Lewis (175K) under 2019 Incentive Plan.
- Vesting 50% on TSR percentile rank and 50% on Adjusted EBITDA relative to targets, each 0-200% payout.
- New form RSU and PSU agreements adopted February 25, 2026, substantially similar to prior forms.
- RSUs vest 25% per year over four years; PSUs vest after 3 years subject to performance and service.