Form 4: Custom Truck One Source Executive Exercises and Disposes of Restricted Stock Units
SEC Form 4 Filing
Paul M. Jolas, EVP, Gen. Counsel & Secretary of Custom Truck One Source, Inc., reports the exercise and disposal of restricted stock units to cover tax obligations.
Summary
- On April 1, 2025, Paul M. Jolas, EVP, Gen. Counsel & Secretary of Custom Truck One Source, Inc., exercised restricted stock units.
- A total of 33,750 restricted stock units were exercised, converting into common stock.
- 13,960 shares were disposed of at a price of $4.2 to satisfy tax obligations related to the vesting of restricted stock units.
- Following these transactions, Jolas directly owns 33,719 shares of common stock and 50,625 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the exercise of existing stock options and a small sale of shares.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Start date for vesting of some restricted stock units in four equal annual installments. |
| 04/01/2025 | Date of transaction: exercise of restricted stock units and disposal of shares for tax obligations; start date for vesting of some restricted stock units in four equal annual installments. |
| 04/03/2025 | Date of signature on the Form 4. |
Keywords
Form 4, CTOS, Custom Truck One Source, Inc., Restricted Stock Units, Beneficial Ownership, Jolas Paul M, Insider Trading
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