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

Raymond Todd Barrett, Chief Accounting Officer of Custom Truck One Source, acquired 3,159 shares of common stock following the satisfaction of performance-based vesting conditions.

Summary

• Raymond Todd Barrett, the Chief Accounting Officer of Custom Truck One Source, Inc., filed a Form 4 disclosing a transaction involving the company's common stock.
• On February 27, 2024, Barrett acquired 3,159 shares of common stock.
• This acquisition resulted from the vesting of performance stock units (PSUs) originally granted on March 7, 2023.
• The compensation committee certified the performance level, satisfying the performance vesting condition.
• The acquired shares are still subject to a time-based vesting condition, which will be met on December 31, 2024.
• Following the transaction, Barrett beneficially owns 26,575 shares of Custom Truck One Source common stock.

Sentiment

Score: 6

Explanation: The document is neutral, reporting a routine transaction related to executive compensation and vesting schedules. The vesting of PSUs is a positive signal, but the document itself is simply a disclosure.

Positives

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

Future Outlook

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

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their holdings in the company.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and ownership.

Key Dates