Form 4: Custom Truck One Source Director Fredrick M. Ross, Jr. Reports Stock Transactions
SEC Form 4 Filing
Director Fredrick M. Ross, Jr. of Custom Truck One Source, Inc. reports the vesting and tax withholding of performance stock units and subsequent adjustments to his common stock holdings.
Summary
- On December 31, 2024, Fredrick M. Ross, Jr., a director of Custom Truck One Source, Inc. (CTOS), reported transactions involving common stock and performance stock units.
- 31,588 common stock shares were acquired at $0, and 28,526 shares were disposed of at $4.81 to cover tax obligations.
- These transactions resulted in a decrease in direct holdings of common stock from 311,101 to 282,575 shares.
- Additionally, transactions involving performance stock units, each representing a contingent right to receive one share of CTOS common stock, were reported.
- 15,794 performance stock units vested, resulting in the acquisition of 15,794 common stock shares, and another 15,794 performance stock units vested, resulting in the acquisition of another 15,794 common stock shares.
- Following these transactions, Ross directly holds 122,806 performance stock units and indirectly holds 2,000,000 shares through Frederick M. Ross, Jr. Holding Company, LLC.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation. There is no indication of significant positive or negative sentiment.
Positives
- The vesting of performance stock units indicates the achievement of certain performance conditions.
Negatives
- The disposal of shares to cover tax obligations reduces the director's direct holdings.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of company leadership and their confidence in the company's prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the director's holdings, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of earliest transaction (acquisition/disposition of securities). |
| 01/03/2025 | Date of signature for the Form 4 filing. |
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