Company: TH
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001104659-25-032818
Chunk: 47

Company: Target Hospitality Corp.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 47
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 Change in Control We have entered into employment agreements and equity award agreements with each of our NEOs, and in the case of Mr. Kalamaras, a separation agreement, that provide certain benefits if the employment of such employees terminates due to the employee’s death, disability, is terminated without Cause or Good Reason, or terminates following a change in control of the Company. The terms of the employment agreements and separation agreement we have entered into with each of our NEOs are described below under “Employment and Separation Agreements.” The table below summarizes the benefits under the employment agreements and equity award agreements as applicable to each of our NEOs other than Mr. Kalamaras, who received payment in connection with his termination of employment pursuant

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TABLE OF CONTENTS EXECUTIVE COMPENSATION

to the terms of a Separation Agreement and Release, which were consistent with his entitlements under his employment agreement with the Company.

| ​ | ​                                | ​ | ​ | ​              | ​ | ​ | ​                                          | ​ | ​ | ​                                                             | ​ | ​ | ​                                                                        | ​ | ​ | Equity                                                |   |   |                                                                                                                                                                                 | ​ |
| ​ | Termination                      
 Event                            | ​ | ​ | ApplicableNEOs | ​ | ​ | Severance                                  | ​ | ​ | Non-EquityIncentiveAward                                      | ​ | ​ | Insurance(HealthBenefits)                                                | ​ | ​ | UnvestedRSU                                           | ​ | ​ | Unvested PSUs                                                                                                                                                                   | ​ |
| ​ | Death                            | ​ | ​ | All NEOs       | ​ | ​ | 1X base salary                             | ​ | ​ | Pro-rata portion of bonus based on Company actual performance | ​ | ​ | None                                                                     | ​ | ​ | Fully vest                                            | ​ | ​ | 2022 PSU— vests based on actual performance during fiscal period                                                                                                                
 2022 Retention PSU— any PSU for which the performance milestone has been achieved will vest on termination date (others are forfeited)                                          
 2023 PSU and 2024 PSU— vests based on actual performance during fiscal period in which termination occurs                                                                       | ​ |
| ​ | Disability                       | ​ | ​ | All NEOs       | ​ | ​ | 30 days’ salary from notice of termination | ​ | ​ | Pro-rata portion of bonus based on