Form 4: Custom Truck One Source Executive Acquires Shares Following Performance Vesting

Joseph P. Ross, President Sales at Custom Truck One Source, acquires 18,050 shares of common stock following the satisfaction of performance-based vesting conditions.

Summary

• Joseph P. Ross, President Sales at Custom Truck One Source, Inc., acquired 18,050 shares of common stock on February 27, 2024.
• The acquisition resulted from the vesting of performance stock units granted on March 7, 2023.
• The compensation committee certified the performance level, satisfying the performance vesting condition.
• The acquired shares remain subject to a time-based vesting condition, which will be satisfied on December 31, 2024.
• Following the transaction, Ross directly owns 109,210 shares of common stock and indirectly owns 282,449 shares through Joseph P. Ross 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.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The vesting of performance stock units suggests the company met certain performance targets. The increased ownership by an executive is generally viewed as a positive signal.

Positives

• The vesting of performance stock units indicates that the company achieved certain performance goals set by the compensation committee.
• The increased ownership stake by a key executive could be seen as a positive sign of confidence in the company's future performance.

Future Outlook

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

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the ownership changes of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• Similar filings are made by executives at companies like Rush Enterprises and Paccar, which also operate in the commercial vehicle industry.

Stakeholder Impact

• Shareholders may view the increased ownership by a key executive as a positive sign.
• Employees may be motivated by the company achieving performance targets that led to the vesting of stock units.

Next Steps

• The reporting person will need to continue to file Form 4s for any future changes in beneficial ownership.
• The acquired shares will vest based on the time-based vesting schedule on December 31, 2024.

Key Dates