Form 4: Custom Truck One Source Executive Raymond Barrett Reports Stock Transactions
SEC Form 4 Filing
Raymond Todd Barrett, Chief Accounting Officer of Custom Truck One Source, reports the vesting and subsequent tax withholding of shares.
Summary
- On April 1, 2024, Raymond Todd Barrett, Chief Accounting Officer of Custom Truck One Source, had 15,000 restricted stock units vest.
- These units converted into common stock.
- 4,111 shares were withheld to cover tax obligations at a price of $5.88 per share.
- Following these transactions, Barrett directly owns 37,464 shares of common stock.
- He also owns 6,250 restricted stock units that vest in four equal annual installments beginning on April 1, 2022, and 26,250 restricted stock units that vest in four equal annual installments beginning on April 1, 2024.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices; therefore, the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares upon vesting of the restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Start date for vesting of 6,250 restricted stock units in four equal annual installments |
| 04/01/2024 | Date of transaction: vesting of 15,000 restricted stock units and tax withholding of 4,111 shares. |
| 04/01/2024 | Start date for vesting of 26,250 restricted stock units in four equal annual installments |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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