Form 4: Custom Truck One Source Director, Fredrick M. Ross, Jr., Reports Acquisition of 31,588 Shares and Power of Attorney Filing

Fredrick M. Ross, Jr., a director at Custom Truck One Source, Inc., reported acquiring 31,588 shares of common stock on February 27, 2024, and has filed a Power of Attorney.

Summary

• Fredrick M. Ross, Jr., a director of Custom Truck One Source, Inc. (CTOS), filed a Form 4 on March 26, 2024, reporting a transaction on February 27, 2024.
• Ross acquired 31,588 shares of common stock due to the vesting of performance stock units.
• These shares were originally granted on March 7, 2023, and the performance condition was certified by the compensation committee on February 27, 2024.
• The acquired shares are still subject to a time-based vesting condition, which will be satisfied on December 31, 2024.
• Ross also indirectly owns 2,000,000 shares through Frederick M. Ross, Jr. Holding Company, LLC.
• A Power of Attorney was executed on March 25, 2024, appointing Christopher J. Eperjesy and Paul M. Jolas as attorneys-in-fact to handle securities filings.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The vesting of performance stock units suggests the company is meeting its goals. The filing itself is a routine event.

Positives

• The vesting of performance stock units suggests that the company met certain performance targets set by the compensation committee.

Future Outlook

The shares acquired are subject to a time-based vesting condition that will be satisfied on December 31, 2024.

Industry Context

This filing is a routine disclosure related to insider transactions and is typical for publicly traded companies. It provides transparency regarding the ownership of company stock by its directors.

Stakeholder Impact

• The acquisition of shares by a director could be viewed positively by shareholders as it aligns the director's interests with theirs.

Key Dates