<SEC-DOCUMENT>0001712189-24-000021.txt : 20240304
<SEC-HEADER>0001712189-24-000021.hdr.sgml : 20240304
<ACCEPTANCE-DATETIME>20240304172155
ACCESSION NUMBER:		0001712189-24-000021
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240229
FILED AS OF DATE:		20240304
DATE AS OF CHANGE:		20240304

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Schrenk Troy C.
		CENTRAL INDEX KEY:			0001763047
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38343
		FILM NUMBER:		24715886

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

	FORMER NAME:	
		FORMER CONFORMED NAME:	Schenk Troy C.
		DATE OF NAME CHANGE:	20181227

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Target Hospitality Corp.
		CENTRAL INDEX KEY:			0001712189
		STANDARD INDUSTRIAL CLASSIFICATION:	HOTELS, ROOMING HOUSE, CAMPS & OTHER LODGING PLACES [7000]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		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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    <periodOfReport>2024-02-29</periodOfReport>

    <issuer>
        <issuerCik>0001712189</issuerCik>
        <issuerName>Target Hospitality Corp.</issuerName>
        <issuerTradingSymbol>TH</issuerTradingSymbol>
    </issuer>

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            <rptOwnerCik>0001763047</rptOwnerCik>
            <rptOwnerName>Schrenk Troy C.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1></rptOwnerStreet1>
            <rptOwnerStreet2>9320 LAKESIDE BLVD., STE 300</rptOwnerStreet2>
            <rptOwnerCity>THE WOODLANDS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77381</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>true</isOfficer>
            <officerTitle>SEVP, Operations &amp; CCO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

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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 3,847 RSUs on March 1, 2024.  Stock price reflects closing stock price as of March 1, 2024.</footnote>
        <footnote id="F3">On February 29, 2024, the Reporting Person was granted by the Compensation Committee 29,008 restricted stock units which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 1, 2025, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the &quot;Plan&quot;) and the Restricted Stock Unit Award Agreement entered into between Issuer and the Reporting Person.</footnote>
        <footnote id="F4">Total includes, in addition to the grant of 29,008 RSUs on 02.29.2024, unvested RSUs from the following grants: 15,385 RSUs granted on March 1, 2023 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 99,668 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; and 21,414 RSUs granted on March 4, 2020 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on March 4, 2021.  Awards are subject to the terms of the respective RSU award agreements and subject to the Plan.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Troy C. Shrenk</signatureName>
        <signatureDate>2024-03-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
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