CTOS (CTOS) director adds equity via RSU exercise and 175K-unit grant
Rhea-AI Filing Summary
Custom Truck One Source, Inc. director Frederick M. Ross, Jr. reported equity compensation activity involving restricted stock units and common stock on April 1, 2026. He exercised restricted stock units covering 131,250 shares of common stock, and 39,441 shares were withheld at $6.62 per share to cover tax obligations related to vesting.
Ross also received a new grant of 175,000 restricted stock units, which vest in four equal annual installments beginning on April 1, 2027, subject to continued service and potential partial acceleration upon certain corporate milestones. Following these transactions, he directly owns 540,188 shares of common stock and indirectly holds 2,000,000 shares through Frederick M. Ross, Jr. Holding Company, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 91,809 shares
Net Buy
6 txns
Insider
Ross Fredrick M. Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 87,500 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 43,750 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Unit | 175,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 131,250 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 39,441 | $6.62 | $261K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 393,750 shares (Direct);
Common Stock — 540,188 shares (Direct);
Common Stock — 2,000,000 shares (Indirect, By Frederick M. Ross, Jr. Holding Company, LLC)
Footnotes (5)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F2. Shares withheld to satisfy tax obligations arising out of vesting of the Reporting Person's restricted stock units.
- F3. The restricted stock units vest in four equal annual installments beginning on April 1, 2024.
- F4. The restricted stock units vest in four equal annual installments beginning on April 1, 2026.
- F5. 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 into common stock: 131,250 shares
Shares withheld for taxes: 39,441 shares at $6.62
New RSU grant: 175,000 units
+2 more
5 metrics
RSUs exercised into common stock
131,250 shares
Restricted stock units converted to CTOS common stock on April 1, 2026
Shares withheld for taxes
39,441 shares at $6.62
Tax withholding on RSU vesting on April 1, 2026
New RSU grant
175,000 units
Restricted stock units granted with vesting from April 1, 2027
Direct common stock holdings
540,188 shares
Direct CTOS shares held after transactions on April 1, 2026
Indirect common stock holdings
2,000,000 shares
Indirect CTOS shares held via Frederick M. Ross, Jr. Holding Company, LLC
Key Terms
Restricted Stock Unit, tax obligations, vesting, indirect ownership, +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."
vesting financial
"The restricted stock units vest in four equal annual installments beginning on April 1, 2027."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
indirect ownership financial
"Indirect ownership of 2,000,000 common shares by Frederick M. Ross, Jr. Holding Company, LLC."
corporate milestones financial
"Potential partial acceleration upon the achievement of certain corporate milestones."
FAQ
What insider transactions did CTOS director Frederick M. Ross, Jr. report?
Frederick M. Ross, Jr. reported exercising restricted stock units into 131,250 CTOS common shares and receiving a grant of 175,000 new restricted stock units. In addition, 39,441 shares of common stock were withheld to satisfy tax obligations arising from the vesting of his restricted stock units.
What are the terms of the 175,000 CTOS restricted stock units granted to Frederick M. Ross, Jr.?
Ross received a grant of 175,000 CTOS restricted stock units that vest in four equal annual installments beginning on April 1, 2027. Vesting is subject to his continued service and may partially accelerate upon achievement of specified corporate milestones, according to the filing footnotes.
How do the exercised restricted stock units affect Frederick M. Ross, Jr.’s CTOS common stock position?
Ross exercised restricted stock units representing 131,250 CTOS common shares, increasing his direct share ownership. After withholding 39,441 shares for taxes, his direct common stock holdings rose to 540,188 shares, as disclosed in the post-transaction ownership figures in the Form 4.
What do the CTOS Form 4 footnotes say about the nature of the restricted stock units?
The footnotes explain each CTOS restricted stock unit represents a contingent right to receive one common share. They also describe vesting schedules beginning April 1, 2024, April 1, 2026, and April 1, 2027, with some awards subject to continued service and certain corporate milestone conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
