Target Hospitality Corp (TH) just unveiled an update.
Target Hospitality Corp. has updated its executive compensation framework with new agreements for restricted and performance stock units under its 2019 Incentive Plan, effective from February 29, 2024. These agreements define the vesting conditions based on company performance metrics and continued employment. Additionally, the company has amended executive employment contracts for President and CEO James B. Archer, and EVP, General Counsel and Secretary Heidi D. Lewis, outlining salaries, bonuses, long-term incentives, and severance entitlements in various termination scenarios, including changes in control.
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