Form 4: Custom Truck One Source CIO James Carlsen Reports Acquisition of Shares and Grants Power of Attorney
SEC Form 4 Filing
James Carlsen, CIO of Custom Truck One Source, reports the acquisition of 4,964 shares of common stock and grants a Power of Attorney for securities filings.
Summary
- James Carlsen, the CIO of Custom Truck One Source, filed a Form 4 on March 26, 2024, reporting a transaction on February 27, 2024.
- Carlsen acquired 4,964 shares of common stock due to the satisfaction of a performance vesting condition related to performance stock units granted on March 7, 2023.
- These shares are still subject to a time-based vesting condition that will be satisfied on December 31, 2024.
- Following the reported transaction, Carlsen beneficially owns 63,301 shares of Custom Truck One Source.
- Carlsen also granted a Power of Attorney, effective March 22, 2024, to Christopher J. Eperjesy and Paul M. Jolas to handle securities filings on his behalf.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The document primarily reports a routine transaction and the granting of a Power of Attorney. The vesting of performance stock units suggests that performance goals were met, which is mildly positive.
Positives
- The vesting of performance stock units indicates that performance goals were met, which could be seen as a positive sign for the company's performance.
Future Outlook
The acquired shares will vest on December 31, 2024, pending the satisfaction of the time-based vesting condition.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The acquisition of shares by a company insider could be viewed positively by shareholders as it demonstrates confidence in the company's future performance.
Next Steps
- The acquired shares will vest on December 31, 2024, pending the satisfaction of the time-based vesting condition.
Key Dates
| Date | Description |
|---|---|
| 2023-03-07 | Date performance stock units were originally granted to James Carlsen. |
| 2024-02-27 | Date of the transaction where James Carlsen acquired 4,964 shares of common stock. |
| 2024-03-22 | Date of execution of the Power of Attorney. |
| 2024-03-26 | Date the Form 4 was filed. |
| 2024-12-31 | Date the time-based vesting condition for the acquired shares will be satisfied. |
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