Form 4: Custom Truck One Source CIO James Carlsen Reports Stock Transactions
SEC Form 4 Filing
CIO James Carlsen reports the vesting and disposal of restricted stock units to cover tax obligations.
Summary
- On April 1, 2024, James Carlsen, CIO of Custom Truck One Source, engaged in transactions involving the company's common stock and restricted stock units.
- Carlsen acquired 22,500 shares of common stock through the vesting of restricted stock units.
- Simultaneously, Carlsen disposed of 5,481 shares to satisfy tax obligations at a price of $5.88 per share.
- Following these transactions, Carlsen directly owns 80,320 shares of common stock.
- Carlsen also holds 8,750 restricted stock units that vest in four equal annual installments beginning on April 1, 2022, and 41,250 restricted stock units that vest in four equal annual installments beginning on April 1, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by an executive, which is a routine part of corporate governance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is a standard practice in publicly traded companies to ensure compliance with SEC regulations.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Start date for vesting of 8,750 restricted stock units in four equal annual installments. |
| 04/01/2024 | Date of transactions: acquisition of shares via vesting and disposal for tax obligations. |
| 04/01/2024 | Start date for vesting of 41,250 restricted stock units in four equal annual installments. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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