Form 4: Custom Truck One Source Director Mary M. Jackson Reports Stock Transactions and Updates Power of Attorney

Mary M. Jackson, a director at Custom Truck One Source, reported the vesting and disposal of restricted stock units on March 31, 2024, and the acquisition of additional restricted stock units on April 1, 2024, while also updating her power of attorney.

Summary

• Mary M. Jackson, a director of Custom Truck One Source, Inc. (CTOS), filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On March 31, 2024, 18,640 restricted stock units (RSUs) vested and were subsequently disposed of.
• These RSUs converted into 18,640 shares of common stock, which were then disposed of at a price of $0.
• Following this transaction, Jackson directly owns 32,955 shares of CTOS common stock.
• On April 1, 2024, Jackson acquired 22,218 additional RSUs, which will vest on March 31, 2025.
• Jackson also updated her power of attorney, appointing Christopher J. Eperjesy and Paul M. Jolas as her attorneys-in-fact for securities filings.
• The power of attorney is effective until Jackson is no longer required to file SEC forms related to her CTOS holdings.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't contain overtly positive or negative information, but the continued equity compensation suggests confidence in the company's future.

Positives

• The acquisition of new restricted stock units indicates continued alignment of the director's interests with the company's long-term performance.

Future Outlook

The document indicates future vesting of restricted stock units on March 31, 2025, suggesting continued equity-based compensation for the director.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the trading activities of company insiders.

Comparison to Industry Standards

• Equity compensation through restricted stock units is a common practice among publicly traded companies to align the interests of directors and management with shareholders.
• The vesting schedules and amounts of RSUs can vary significantly depending on the company's size, industry, and compensation policies.
• Comparing the equity compensation of Custom Truck One Source directors to that of directors at similar companies in the industrial sector would provide a more comprehensive assessment.

Stakeholder Impact

• The transactions reported in the Form 4 provide transparency to shareholders regarding the director's stock ownership.
• The equity-based compensation structure aligns the director's interests with those of shareholders.

Next Steps

• The director will likely continue to file Form 4s for future transactions in Custom Truck One Source stock.
• The vesting of the 22,218 RSUs is scheduled for March 31, 2025.

Key Dates