Custom Truck One Source (CTOS) EVP gains RSUs, holds 81,160 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Custom Truck One Source, Inc. EVP, General Counsel & Secretary Paul M. Jolas reported multiple equity compensation transactions. On April 1, 2026, three blocks of 16,875 restricted stock units were exercised, converting into a total of 50,625 shares of common stock at a $0.00 exercise price.
In connection with this vesting, 19,923 shares of common stock were withheld at $6.62 per share to satisfy tax obligations, rather than sold in the open market. After these transactions, Jolas directly owned 81,160 shares of common stock.
He also received a new grant of 72,500 restricted stock units, each representing a right to one share of common stock. These units vest in four equal annual installments beginning on April 1, 2027, subject to continued service and potential partial acceleration upon achievement of specified corporate milestones.
Positive
- None.
Negative
- None.
Insider Trade Summary
50,625 shares exercised/converted
Mixed
6 txns
Insider
JOLAS PAUL M
Role
EVP, General Counsel & Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 16,875 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 16,875 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 16,875 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 72,500 | $0.00 | -- |
| Exercise | Common Stock | 50,625 | $0.00 | -- |
| Tax Withholding | Common Stock | 19,923 | $6.62 | $132K |
Holdings After Transaction:
Restricted Stock Unit — 16,875 shares (Direct);
Common Stock — 101,083 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. Shares withheld to satisfy tax obligations arising out of vesting of the Reporting Person's restricted stock units. The restricted stock units vest in four equal annual installments beginning on April 1, 2024. The restricted stock units vest in four equal annual installments beginning on April 1, 2025. The restricted stock units vest in four equal annual installments beginning on April 1, 2026. The restricted stock units vest in four equal annual installments beginning on April 1, 2027, subject to continued service on the applicable vesting date and potential partial acceleration upon the achievement of certain corporate milestones.
Key Figures
RSUs Exercised: 50,625 units
Shares Withheld for Taxes: 19,923 shares at $6.62/share
New RSU Grant: 72,500 units
+2 more
5 metrics
RSUs Exercised
50,625 units
Restricted stock units converted into common stock on April 1, 2026
Shares Withheld for Taxes
19,923 shares at $6.62/share
Common stock withheld to satisfy tax obligations on vesting
New RSU Grant
72,500 units
Grant of restricted stock units, vesting from April 1, 2027
Common Shares Held After
81,160 shares
Direct ownership after April 1, 2026 transactions
RSU Vesting Blocks
16,875 units each
Three RSU tranches exercised into common stock
Key Terms
Restricted Stock Unit, tax obligations, vest in four equal annual installments, grant, award, or other acquisition, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax obligations financial
"Shares withheld to satisfy tax obligations arising out of vesting of the Reporting Person's restricted stock units."
vest in four equal annual installments financial
"The restricted stock units vest in four equal annual installments beginning on April 1, 2027, subject to continued service..."
grant, award, or other acquisition financial
"Grant, award, or other acquisition"
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did CTOS executive Paul M. Jolas report in this Form 4 filing?
Paul M. Jolas reported exercises of restricted stock units into common stock and a new RSU grant. He converted 50,625 RSUs into common shares, had 19,923 shares withheld for taxes, and received 72,500 new RSUs subject to future vesting conditions.
How many restricted stock units did CTOS grant to Paul M. Jolas in this filing?
The filing shows a grant of 72,500 restricted stock units to Paul M. Jolas. Each unit represents a contingent right to receive one share of Custom Truck One Source common stock, subject to vesting based on continued service and certain corporate milestones.
When do the newly granted CTOS restricted stock units begin vesting for Paul M. Jolas?
The newly granted restricted stock units vest in four equal annual installments starting April 1, 2027. Vesting is conditioned on continued service on each vesting date and may partially accelerate if specified corporate milestones are achieved, according to the filing’s footnotes.
What is the exercise price on the RSUs Paul M. Jolas converted into CTOS common stock?
The restricted stock units exercised by Paul M. Jolas converted into common stock at an exercise price of $0.00 per unit. Each restricted stock unit represents a contingent right to receive one share of Custom Truck One Source common stock upon vesting.