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Companies Target Hospitality Corp.

Target Hospitality (TH): executive pay, fiscal 2025

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CEO total pay$7,239,484CEO James Archer · source
Say-on-pay support85.45%Latest vote · source
CEO vs. named peers82nd pct.Of 12 peer CEOs

CEO pay, last three years

  • $3,457,487FY2023
  • $4,070,302FY2024
  • $7,239,484FY2025

CEO total pay was $7,239,484 in fiscal 2025, up from $4,070,302 in fiscal 2024.

FY2025: salary $850,000 · bonus $0 · stock awards $3,703,518 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Target Hospitality Corp. in fiscal 2025?
As disclosed, James Archer (President and Chief Executive Officer) was the highest-paid executive at Target Hospitality Corp. in fiscal 2025, with total compensation of $7,239,484.
How does Target Hospitality Corp.'s chief executive pay compare to its disclosed peer group?
As disclosed, James Archer's total compensation ranked at the 82nd percentile of Target Hospitality Corp.'s disclosed peer group.
How did shareholders vote on Target Hospitality Corp.'s executive compensation?
As disclosed, 85.45% of shareholders supported Target Hospitality Corp.'s executive compensation in the latest say-on-pay vote.
How much does Target Hospitality Corp. spend in total on board compensation for fiscal 2025?
As disclosed, Target Hospitality Corp. reported total board compensation of $1,277,490 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
James Archer$850,000$0$3,703,518$0$2,634,065$0$51,901$7,239,484
President and Chief Executive Officer
Jason Vlacich445,38501,159,4940891,225055,8082,551,912
Chief Financial Officer
Troy Schrenk400,0000666,8730792,200042,9481,902,021
Senior Executive Vice President, Operations, Chief Commercial Officer
Heidi Lewis392,6920484,9960690,263049,0501,617,001
Executive Vice President, General Counsel and Secretary
Brendan Dowhaniuk325,0000424,3750378,6250308,1241,436,124
Executive Vice President, Strategy & Corporate Development

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
James Archer$7,239,484$4,070,302$3,457,487↑ +3,169,182
Jason Vlacich2,551,9121,460,181768,677↑ +1,091,731
Troy Schrenk1,902,0211,374,5961,157,701↑ +527,425
Heidi Lewis1,617,0011,096,647842,298↑ +520,354
Brendan Dowhaniuk1,436,124188,066—↑ +1,248,058

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation program is designed to attract and retain highly motivated talent by providing market-competitive pay, with a material portion of target compensation at risk and directly tied to changes in stockholder value. The program balances short-term and long-term incentives to drive financial and strategic objectives while aligning executive interests with stockholders through equity ownership and stock ownership guidelines.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantFrederic W. Cook & Co., Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Heidi LewisPSU2025-02-2717,85735,714—71,428$283,212
Brendan DowhaniukPSU2025-02-2715,62531,250—62,500247,813
Jason VlacichRSU2025-02-27——53,571—302,676
Troy SchrenkPSU2025-02-2724,55449,107—98,214389,419
James ArcherPSU2025-02-2784,822169,643—339,2861,345,269
Heidi LewisRSU2025-02-27——35,714—201,784
Jason VlacichPSU2025-02-2726,78653,571—107,142424,818
Brendan DowhaniukRSU2025-02-27——31,250—176,563
James ArcherPSU2025-02-27250,000——2,000,0001,399,766
James ArcherRSU2025-02-27——169,643—958,483
Jason VlacichPSU2025-02-2775,000——600,000432,000
Troy SchrenkRSU2025-02-27——49,107—277,455

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Heidi Lewis$201,784$283,212$058.4%
Brendan Dowhaniuk176,563247,813058.4%
Jason Vlacich302,676856,818073.9%
Troy Schrenk277,455389,419058.4%
James Archer958,4832,745,035074.1%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jason VlacichRSU3,846—$30,806
Heidi LewisRSU3,846—30,806
Jason VlacichPSU5,128—41,075
Heidi LewisPSU5,128—41,075
Troy SchrenkRSU7,692—61,613
Troy SchrenkPSU10,256—82,151
Jason VlacichRSU12,458—99,788
Heidi LewisRSU12,458—99,788
Heidi LewisRSU13,845—110,898
Heidi LewisPSU18,460—147,865
Troy SchrenkRSU21,756—174,266
Jason VlacichPSU23,734—190,109
Troy SchrenkRSU24,917—199,585
James ArcherRSU28,846—231,056
Troy SchrenkPSU29,008—232,354
Jason VlacichRSU29,667—237,633
Brendan DowhaniukRSU31,250—250,313
Brendan DowhaniukPSU31,250—250,313
Heidi LewisRSU35,714—286,069
Heidi LewisPSU35,714—286,069
James ArcherPSU38,462—308,081
Troy SchrenkRSU49,107—393,347
Troy SchrenkPSU49,107—393,347
Jason VlacichRSU53,571—429,104
James ArcherRSU62,292—498,959
James ArcherRSU75,158—602,016
James ArcherPSU100,211—802,690
James ArcherRSU169,643—1,358,840
Jason VlacichPSU653,571—5,235,104
James ArcherPSU2,169,643—17,378,840
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Stephen RobertsonNot independent · Board Chair$160,000$159,220——$0$319,220
Pamela H. PatenaudeIndependent140,000122,064——0262,064
Martin JimmersonIndependent · Audit (Chair)115,000122,064——0237,064
Linda MedlerIndependent · Audit90,000122,064——0212,064
Alex HernandezIndependent · Audit · Compensation90,000122,064——0212,064
John C. DormanNot independent · Not standing for re-election35,0140——035,014

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer$115,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 25,000 / 25,000
Stock ownership guideline—

Total cost of the board

ComponentFY2025
Cash retainers and fees$630,014
Equity awards (grant-date value)$647,476
All other compensation$0
Total cost of the board$1,277,490

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Target Hospitality as a peer

Companies that benchmark against TH

4 companies name TH as a compensation peer

Each company listed discloses TH in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named TH in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

Of the companies Target Hospitality Corp. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including Target Hospitality Corp..

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1The GEO Group2025George Zoley$1,147,363$6,763,720$0$3,100,000$14,996,950
2Cavco Industries2026Bill Boor1,100,0004,729,90702,120,9157,958,712
3Target Hospitality Corp.2025James Archer850,0003,703,51802,634,0657,239,484
4CoreCivic2025Damon Hininger1,110,0003,000,01102,775,0017,203,173
5BrightView Holdings2025Dale Asplund950,0004,000,00701,383,2006,382,062
6H&E Equipment Services2023Bradley W. Barber907,6923,599,9240—6,295,836
7Summit Hotel Properties2025Jonathan Stanner800,0003,747,7000900,0005,461,700
8EVI Industries2025Henry Nahmad650,0003,999,997005,350,835
9Chatham Lodging Trust2025Jeffrey Fisher670,0002,854,16801,082,0005,222,872
10SP Plus2022G Baumann800,0312,400,02801,008,0004,234,415
11Civeo2025Bradley Dodson750,0002,569,4850435,3753,775,348
12McGrath RentCorp2025Philip Hawkins500,000801,2340374,8721,718,813
—VSE——————not in coverage universe

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Target Hospitality Corp.not disclosedRSU 50 · PSU 50not disclosedFrederic W. Cook & Co., Inc.
BrightView Holdings112%RSU 50 · PSU 50NoPearl Meyer
Cavco Industriesnot disclosednot disclosedNoPearl Meyer Partners, LLC
Chatham Lodging Trust92%LTIP Units 100Yes — Relative TSR vs. Lodging/Resort REIT constituents of the FTSE Nareit All REITs IndexFerguson Partners Consulting L.P.
Civeonot disclosednot disclosednot disclosedMercer
CoreCivic250%PSU 60 · RSU 40NoExequity
EVI Industriesnot disclosednot disclosednot disclosedPearl Meyer
H&E Equipment Servicesnot disclosednot disclosednot disclosednot disclosed
McGrath RentCorpnot disclosedPSU 50 · RSU 50not disclosedSemler Brossy
SP Plusnot disclosedPSU 50 · RSU 50not disclosedWillis Towers Watson
Summit Hotel Properties75%PSU 60 · RSU 40Yes — Relative Total Shareholder Return (TSR) percentile rank vs. Dow Jones U.S. Hotel IndexFW Cook
The GEO Group120%RSU 50 · PRSU 50Yes — Relative TSRPay Governance LLC
VSEnot disclosednot disclosednot disclosednot disclosed

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2176,833,46812,485,993594,87785.45%Passed
20252025-05-2285,320,8751,223,709186,96398.37%Passed
20242024-05-2389,177,1461,123,28710,36598.76%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-05-2185.45%a
20252025-05-2298.37%b
20242024-05-2398.76%c

a. Approved under the standard stated in the filing — “An abstention with respect to the Amended Incentive Plan will have the same effect as a vote cast "AGAINST" the Amended Incentive Plan.”.

b. Approved under the standard stated in the filing — “An abstention with respect to the Amended Incentive Plan will have the same effect as a vote cast "AGAINST" the Amended Incentive Plan.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted as votes cast either "FOR" or "AGAINST" Proposal No.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (49 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, James Archer. DEF 14A, filed 2026-04-07. Section “Summary Compensation Table”. As printed: 7,239,484. View filing ↗
  • Section 01, Jason Vlacich. DEF 14A, filed 2026-04-07. Section “Summary Compensation Table”. As printed: 2,551,912. View filing ↗
  • Section 01, Troy Schrenk. DEF 14A, filed 2026-04-07. Section “Summary Compensation Table”. As printed: 1,902,021. View filing ↗
  • Section 01, Heidi Lewis. DEF 14A, filed 2026-04-07. Section “Summary Compensation Table”. As printed: 1,617,001. View filing ↗
  • Section 01, Brendan Dowhaniuk. DEF 14A, filed 2026-04-07. Section “Summary Compensation Table”. As printed: 1,436,124. View filing ↗
  • Section 03, Heidi Lewis PSU. DEF 14A, filed 2026-04-07. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Brendan Dowhaniuk PSU. DEF 14A, filed 2026-04-07. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Jason Vlacich RSU. DEF 14A, filed 2026-04-07. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Troy Schrenk PSU. DEF 14A, filed 2026-04-07. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, James Archer PSU. DEF 14A, filed 2026-04-07. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Heidi Lewis RSU. DEF 14A, filed 2026-04-07. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Jason Vlacich PSU. DEF 14A, filed 2026-04-07. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Brendan Dowhaniuk RSU. DEF 14A, filed 2026-04-07. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, James Archer PSU. DEF 14A, filed 2026-04-07. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, James Archer RSU. DEF 14A, filed 2026-04-07. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Jason Vlacich PSU. DEF 14A, filed 2026-04-07. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Troy Schrenk RSU. DEF 14A, filed 2026-04-07. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 08, Stephen Robertson. DEF 14A, filed 2026-04-07. Section “Director Compensation”. As printed: 319,220. View filing ↗
  • Section 08, Pamela H. Patenaude. DEF 14A, filed 2026-04-07. Section “Director Compensation”. As printed: 262,064. View filing ↗
  • Section 08, Martin Jimmerson. DEF 14A, filed 2026-04-07. Section “Director Compensation”. As printed: 237,064. View filing ↗
  • Section 08, Linda Medler. DEF 14A, filed 2026-04-07. Section “Director Compensation”. As printed: 212,064. View filing ↗
  • Section 08, Alex Hernandez. DEF 14A, filed 2026-04-07. Section “Director Compensation”. As printed: 212,064. View filing ↗
  • Section 08, John C. Dorman. DEF 14A, filed 2026-04-07. Section “Director Compensation”. As printed: 35,014. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-21. Item 5.07 · say-on-pay result. As reported: 85.45% (votes for as printed: 76,833,468). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-22. Item 5.07 · say-on-pay result. As reported: 98.37% (votes for as printed: 85,320,875). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-24. Item 5.07 · say-on-pay result. As reported: 98.76% (votes for as printed: 89,177,146). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 630,014 + equity 647,476 + all other 0 = 1,277,490, summed across the director compensation table rows.
  • The GEO Group, Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in The GEO Group's own proxy. As printed: 14,996,950. View filing ↗
  • Cavco Industries, Section 10b CEO total. DEF 14A, filed 2026-06-16. CEO total compensation as printed in Cavco Industries's own proxy. As printed: 7,958,712. View filing ↗
  • Target Hospitality Corp. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in Target Hospitality Corp.'s own proxy. As printed: 7,239,484. View filing ↗
  • CoreCivic, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in CoreCivic's own proxy. As printed: 7,203,173. View filing ↗
  • BrightView Holdings, Section 10b CEO total. DEF 14A, filed 2026-01-15. CEO total compensation as printed in BrightView Holdings's own proxy. As printed: 6,382,062. View filing ↗
  • H&E Equipment Services, Section 10b CEO total. DEF 14A, filed 2024-04-02. CEO total compensation as printed in H&E Equipment Services's own proxy. As printed: 6,295,836. View filing ↗
  • Summit Hotel Properties, Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Summit Hotel Properties's own proxy. As printed: 5,461,700. View filing ↗
  • EVI Industries, Section 10b CEO total. DEF 14A, filed 2025-11-20. CEO total compensation as printed in EVI Industries's own proxy. As printed: 5,350,835. View filing ↗
  • Chatham Lodging Trust, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Chatham Lodging Trust's own proxy. As printed: 5,222,872. View filing ↗
  • SP Plus, Section 10b CEO total. DEF 14A, filed 2023-03-30. CEO total compensation as printed in SP Plus's own proxy. As printed: 4,234,415. View filing ↗
  • Civeo, Section 10b CEO total. DEF 14A, filed 2026-04-13. CEO total compensation as printed in Civeo's own proxy. As printed: 3,775,348. View filing ↗
  • McGrath RentCorp, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in McGrath RentCorp's own proxy. As printed: 1,718,813. View filing ↗
  • Section 10a, BrightView Holdings reciprocity. DEF 14A. BrightView Holdings's most recent proxy was read; its disclosed peer group does not include Target Hospitality Corp.. View filing ↗
  • Section 10a, Cavco Industries reciprocity. DEF 14A. Cavco Industries's most recent proxy was read; its disclosed peer group does not include Target Hospitality Corp.. View filing ↗
  • Section 10a, Chatham Lodging Trust reciprocity. DEF 14A. Chatham Lodging Trust's most recent proxy was read; its disclosed peer group does not include Target Hospitality Corp.. View filing ↗
  • Section 10a, Civeo reciprocity. DEF 14A. Civeo names Target Hospitality Corp. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, CoreCivic reciprocity. DEF 14A. CoreCivic's most recent proxy was read; its disclosed peer group does not include Target Hospitality Corp.. View filing ↗
  • Section 10a, The GEO Group reciprocity. DEF 14A. The GEO Group's most recent proxy was read; its disclosed peer group does not include Target Hospitality Corp.. View filing ↗
  • Section 10a, McGrath RentCorp reciprocity. DEF 14A. McGrath RentCorp's most recent proxy was read; its disclosed peer group does not include Target Hospitality Corp.. View filing ↗
  • Section 10a, Summit Hotel Properties reciprocity. DEF 14A. Summit Hotel Properties's most recent proxy was read; its disclosed peer group does not include Target Hospitality Corp.. View filing ↗
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