Target Hospitality Corp.
For the period ended May 22, 2025. Filed Apr 8, 2025.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 22, 2025 · Filed Apr 8, 2025
Contents
Our Executive Compensation Program
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Pay for Performance. A material portion of an executive’s target compensation should be at risk and realized compensation should be directly tied to changes in stockholder value. Short-term (annual performance-based cash bonus) and long-term (annual equity-based awards) incentive programs should appropriately balance incentives for, and drive attainment of, short- and long-term financial and strategic objectives that reward for prudent decisions without excessive risk-taking.
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Alignment with Stockholder Interests. Our executives’ interests should be aligned with stockholder interests, promoted by encouraging equity ownership through our annual long-term incentive program and stock ownership guidelines.
Our Executive Compensation Program
The table below outlines each of the principal elements of the Company’s executive compensation program:
| | | Performance Period | | | 1 year | | | 1 year | | | 3 years (cliff vesting) | | | 4 years (ratable annual vesting) | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | Payout Determination | | | Compensation Committee determination | | | Pre-established formula | | | Pre-established formula | | | Stock price at each vesting date | | |
| | | 2024 Performance Measures | | | Individual | | | Adjusted EBITDA | | | Relative TSR | | | | | |
| | | | | | | | | | | | Diversification EBITDA | | | | | |
| | 2025 proxy statement | | | | 33 | |
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