Company: TH
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001104659-25-032818
Chunk: 29

Company: Target Hospitality Corp.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 29
---
 achievement of challenging relative total shareholder return (“TSR”) and diversified Adjusted EBITDA(1)(“Diversification EBITDA”) performance measures 
 ​                                                                                                                                                                               | ​ |

(1) Adjusted EBITDA is a non-GAAP financial measure. Adjusted EBITDA is calculated as Adjusted EBITDA gross of bonus adjustments. For a discussion of our use of non-GAAP financial measures, including a reconciliation of (i) Adjusted EBITDA to net income (loss), please refer to the “Non-GAAP Financial Measures” section beginning on page 64 in Item 7 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The table below summarizes the 2024 annual equity awards (both units awarded and grant date fair value) made to our Named Executive Officers:

| ​ 
 ​ 
 ​ | ​                    
 ​                    
 Name                 | ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ | 2024 Annual Equity Awards 
 RSUs                      
 Target #(3)               |   |         |   | ​ | ​ | Target Value |   |         |   | ​ 
 ​ | ​ 
 ​ | PSUs        
 Target #(3) |   |         |   | ​ | ​ | Target Value |   |           |   | ​ 
 ​ 
 ​ |
|:--|:---------------------|:--|:--|:--------------------------|:--|--------:|:--|:--|:--|:-------------|:--|--------:|:--|:--|:--|:------------|:--|--------:|:--|:--|:--|:-------------|:--|----------:|:--|:--|
| ​ | James B. Archer      | ​ | ​ | ​                         | ​ | 100,211 | ​ | ​ | ​ | ​            | $ | 970,042 | ​ | ​ | ​ | ​           | ​ | 100,211 | ​ | ​ | ​ | ​            | $ | 1,161,444 | ​ | ​ |
| ​ | Jason Vlacich        | ​ | ​ | ​                         | ​ |  39,557 | ​ | ​ | ​ | ​            | $ | 382,912 | ​ | ​ | ​ | ​           | ​ |  23,734 | ​ | ​ | ​ | ​            | $ |   275,077 | ​