<SEC-DOCUMENT>0001567619-23-003915.txt : 20230228
<SEC-HEADER>0001567619-23-003915.hdr.sgml : 20230228
<ACCEPTANCE-DATETIME>20230228160327
ACCESSION NUMBER:		0001567619-23-003915
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230224
FILED AS OF DATE:		20230228
DATE AS OF CHANGE:		20230228

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Archer James B.
		CENTRAL INDEX KEY:			0001763054

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38343
		FILM NUMBER:		23685063

	MAIL ADDRESS:	
		STREET 1:		C/O TARGET HOSPITALITY
		STREET 2:		2170 BUCKTHORNE PLACE, SUITE 440
		CITY:			THE WOODLANDS
		STATE:			TX
		ZIP:			77380

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Target Hospitality Corp.
		CENTRAL INDEX KEY:			0001712189
		STANDARD INDUSTRIAL CLASSIFICATION:	HOTELS, ROOMING HOUSE, CAMPS & OTHER LODGING PLACES [7000]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		9320 LAKESIDE BLVD.
		STREET 2:		SUITE 300
		CITY:			THE WOODLANDS
		STATE:			TX
		ZIP:			77381
		BUSINESS PHONE:		832 709-2563

	MAIL ADDRESS:	
		STREET 1:		9320 LAKESIDE BLVD.
		STREET 2:		SUITE 300
		CITY:			THE WOODLANDS
		STATE:			TX
		ZIP:			77381

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Platinum Eagle Acquisition Corp.
		DATE OF NAME CHANGE:	20170718
</SEC-HEADER>
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<SEQUENCE>1
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    <footnotes>
        <footnote id="F1">Each restricted stock unit represents a contingent right to receive upon vesting one share of common stock of the Issuer, par value $0.0001 per share (&quot;Common Stock&quot;), or its cash equivalent.</footnote>
        <footnote id="F2">Restricted stock units withheld for payment of tax liability upon vesting of 62,293 RSUs on 02/24/2023 and 119,048 RSUs on 02/25/2023.  Stock price reflects closing stock price as of February 24, 2023, the last business day prior to vest.</footnote>
        <footnote id="F3">Total includes unvested RSUs from the following grants: 249,169 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023;   238,095 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 107,067 RSUs granted on March 4, 2020 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4, 2021; and 46,169 RSUs granted on May 21, 2019 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on May 21, 2020.  Awards are subject to the terms of the respective RSU award agreements and subject to the Target Hospitality Corp. 2019 Incentive Award Plan, as amended.</footnote>
        <footnote id="F4">The Stock Appreciation Rights (&quot;SARs&quot;), reported on this Form 4, represent upon exercise the right to receive payment in cash or stock, at the Issuer's discretion, the amount of the increase from the grant date price and fair market value pursuant to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended, and the SAR Award Agreement entered into between the Issuer and the Reporting Person as of February 25, 2021 (the &quot;SAR Award Agreement&quot;). The SARs vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date, subject to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended and SAR Award Agreement.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of James B. Archer</signatureName>
        <signatureDate>2023-02-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
