Form 4: Custom Truck One Source CEO Ryan McMonagle Reports Stock Transactions

CEO Ryan McMonagle reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of Custom Truck One Source, Inc. stock.

Summary

• On April 1, 2024, Ryan McMonagle, CEO of Custom Truck One Source, Inc., reported transactions involving restricted stock units.
• A total of 162,500 restricted stock units vested and converted into common stock.
• 81,250 units vested from an award that vests in equal annual installments beginning April 1, 2022.
• Another 81,250 units vested from an award that vests in equal annual installments beginning April 1, 2024.
• 72,071 shares were withheld to cover tax obligations related to the vesting of these restricted stock units at a price of $5.88 per share.
• Following these transactions, McMonagle directly owns 486,587 shares of common stock and 243,750 restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects routine executive compensation activity. It's neither overtly positive nor negative.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's performance and future prospects.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increase in the number of outstanding shares, but the effect is likely minimal.
• The vesting of restricted stock units is part of the executive compensation plan, impacting the CEO's overall remuneration.

Key Dates