secwatch.observer — SEC 8-K summary
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Issuer:     Target Hospitality Corp. (TH)
CIK:        0001712189
Form:       8-K
Filed at:   2026-03-03T23:59:59+00:00
Accession:  0001104659-26-022898
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Target Hospitality grants 875K PSUs to three execs; TSR/EBITDA-based vesting
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712189/000110465926022898/0001104659-26-022898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712189/000110465926022898/tm267777d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-022898

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer