Company: TH
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001104659-25-032818
Chunk: 48

Company: Target Hospitality Corp.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 48
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                         | ​ | ​ | Non-EquityIncentiveAward                                      | ​ | ​ | Insurance(HealthBenefits)                                                                  | ​ | ​ | UnvestedRSU                          | ​ | ​ | Unvested PSUs                                                                                                                                                                                                                                                                                  | ​ |
| ​ | Qualifying Termination Following a Change in Control | ​ | ​ | Archer         | ​ | ​ | 2.5x (Base Salary + Target Bonus) | ​ | ​ | Pro-rata portion of bonus based on actual Company performance | ​ | ​ | 1.2x the value of 18 months’ continued coverage under the Company’s health insurance plans | ​ | ​ | Fully vest on Qualifying Termination | ​ | ​ | 2022 PSU— fully time-vest on Qualifying Termination and PSUs will be payable at the greater of target or the level of actual performance as of the date of the change in control                                                                                                               
 2022 Retention PSU— if change in control is prior to the end of the performance period and applicable time-vesting goal is satisfied as of termination date and if $12.50 performance milestone has been achieved before termination date, then all performance goals will be deemed satisfied 
 2023 PSU and 2024 PSU— fully time-vest on Qualifying Termination and PSUs will be payable at the greater of target or the level of actual performance as of the date of the change in control                                                                                                  | ​ |
| ​ | ​                                                    | ​ | ​ | All other NEOs | ​ | ​ | 2.0x (Base Salary + Target Bonus) | ​ | ​ | Pro-rata portion of bonus based on actual Company performance | ​ | ​ | 1.5x the value of 12 months’ continued coverage under the Company’s health insurance plans | ​ | ​ | Fully vest on Qualifying Termination | ​ |   |                                                                                                                                                                                                                                                                                                |   |

| ​ | 52 | ​ | ​ | ​ | investors.targethospitality.com | ​ |

TABLE OF CONTENTS EXECUTIVE COMPENSATION Employment and Separation Agreements The employment and separation arrangements we have with our NEOs as of December 31, 2024 are summarized below. JAMES B. ARCHER, PRESIDENT AND CHIEF EXECUTIVE OFFICER On February 29, 2024, Target entered into an amended and restated employment agreement with James B. Archer providing, among other things, (i)