Company: TH
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001104659-25-032818
Chunk: 41

Company: Target Hospitality Corp.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 41
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 | — | ​ | ​ |       ​ | ​                                                          | ​ | — | ​ | ​ | ​ | ​                                                             | ​ | — | ​ | ​ | ​ | ​                                         | ​ | — | ​ | ​ |         ​ | ​                                                  | ​ | — | ​ | ​ |
| ​ | ​                | ​ | 12/02/2024 | ​         | ​ | ​          | ​ | ​ | — | ​                                                                | ​ |       ​ | ​ | ​ | — | ​         | ​ |         ​ | ​ | ​ | — | ​          | ​ |         ​ | ​ | ​ |      — | ​                                                             | ​ | ​ | ​ | ​ |       — | ​         | ​ | ​ | ​ | ​ |       — | ​          | ​ | ​ | ​ | ​ |  17,710 | ​                                                          | ​ | ​ | ​ | ​ | — | ​                                                             | ​ | ​ | ​ | ​ | — | ​                                         | ​ | ​ | ​ | $ |   143,274 | ​                                                  | ​ |   |   |   |

(1) Represents the threshold, target and maximum payout levels of target annual cash incentive awards granted under the Company’s 2024 short-term incentive plan. Performance below the threshold results in no payout. See “Compensation Discussion and Analysis — 2024 Named Executive Officer Compensation — Annual Short-Term Incentive Plan” beginning on page 36 for a discussion of the 2024 short-term incentive plan metrics and payouts. Payouts to Messrs. Kalamaras and Dowhaniuk were prorated based on days of service during 2024. (2) Represents threshold, target and maximum achievement for PSUs granted in 2024 under the Incentive Plan. No amounts may be earned below threshold performance. Vesting of these PSUs is subject to achievement of pre-established relative TSR and Qualifying EBITDA performance criteria over the three-year period commencing January 1, 2024, subject to the executive officer’s continued employment with the Company on the vesting date. See “Compensation Discussion and Analysis — 2024 Named Executive Officer Compensation — Equity Incentive Plan” for a description of the terms of the 2024 PSUs. (3) Represents RSUs granted under the Incentive Plan in 2024. These RSUs vest in four equal annual installments on each of the first four anniversaries of the grant