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 related to restricted stock units.
Summary
- On April 1, 2025, Raymond Todd Barrett, the Chief Accounting Officer of Custom Truck One Source, engaged in transactions involving the company's common stock.
- Specifically, 15,000 restricted stock units vested, converting into common stock at a price of $0 per share.
- Of these vested shares, 4,899 were withheld to cover tax obligations at a price of $4.2 per share.
- Following these transactions, Barrett directly owns 51,338 shares of Custom Truck One Source common stock and 17,500 restricted stock units.
Sentiment
Score: 5
Explanation: This Form 4 filing is a routine disclosure of stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about ownership changes.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units as a way to align management's interests with those of shareholders.
- The vesting schedules and tax withholding practices observed in this filing are typical for publicly traded companies.
- Comparable companies in the industrial sector also utilize equity-based compensation to incentivize executives.
Stakeholder Impact
- The transactions reported in this filing have a minimal direct impact on stakeholders.
- Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Start date for vesting of restricted stock units in four equal annual installments. |
| 04/01/2024 | Start date for vesting of additional restricted stock units in four equal annual installments. |
| 04/01/2025 | Transaction date: Vesting of restricted stock units and withholding of shares for taxes. |
| 04/03/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, insider trading, stock transaction, restricted stock units, CTOS, Custom Truck One Source, Barrett, Raymond Todd Barrett
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