Form 4: Custom Truck One Source Executive Thomas R. Rich Reports Stock Transactions
SEC Form 4 Filing
Thomas R. Rich, President Rentals at Custom Truck One Source, reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On April 1, 2024, Thomas R. Rich, President Rentals at Custom Truck One Source, had 100,000 restricted stock units vest.
- 50,000 of these units vested from an award that vests in four equal annual installments beginning on April 1, 2022.
- The other 50,000 units vested from an award that vests in four equal annual installments beginning on April 1, 2024.
- Following the vesting, 44,151 shares were withheld to satisfy tax obligations at a price of $5.88 per share.
- After these transactions, Rich directly owns 198,578 shares of Custom Truck One Source common stock and 150,000 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on the overall shareholding structure of the company.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Start date for vesting of some restricted stock units in four equal annual installments |
| 04/01/2024 | Date of transaction: vesting of restricted stock units and tax withholding |
| 04/01/2024 | Start date for vesting of some restricted stock units in four equal annual installments |
| 04/03/2024 | Date of signature on the Form 4 filing |
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