Company: TH
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001104659-25-032818
Chunk: 54

Company: Target Hospitality Corp.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 54
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 Dowhaniuk under the Incentive Plan will continue to vest during the severance in accordance with their terms. In the event of a Change in Control (as defined in the Incentive Plan), if Mr. Dowhaniuk’s employment with the Company is terminated other than for Cause or by Mr. Dowhaniuk with Good Reason within 12 months following such Change in Control (or if Mr. Dowhaniuk’s employment with the Company is terminated other than for Cause or as a result of disability prior to a Change in Control at the request of a third party or otherwise in anticipation of a Change in Control), he will be entitled to receive: (i) 200% of the sum of his base salary and his target annual bonus; (ii) a prorated bonus based on actual Company performance; (iii) a payment equal to the costs that would be incurred by him for continued health insurance coverage for 18 months; and (iv) vesting of any unvested time-based equity awards. ERIC T. KALAMARAS, FORMER EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER Consistent with the terms of Mr. Kalamaras’ employment agreement, on January 25, 2024, Target entered into a Separation Agreement and Release with Mr. Kalamaras providing, among other things, that in return for Mr. Kalamaras’s execution and non-revocation of the agreement, including the general release of claims in favor of the Company and continued compliance with restrictive covenants contained therein, Mr. Kalamaras was entitled to receive: (i) 100% of the sum of his annual base salary and target annual bonus for the year of termination, payable in equal installments over 12 months; (ii) a payment equal to the costs that would be incurred for continued health insurance coverage for 12 months, payable in equal installments over 12 months; (iii) a prorated 2024 bonus based on actual Company performance, payable at the time such bonuses are paid to other Company senior executives; and (iv) any unvested awards granted to Mr. Kalamaras under the Incentive Plan will continue to vest in accordance with their terms during the period in which he receives severance payments under the agreement.

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TABLE OF CONTENTS EXECUTIVE COMPENSATION CEO Pay Ratio As required by Section