Custom Truck One Source (CTOS) exec exercises RSUs, receives new 100K grant
Rhea-AI Filing Summary
Custom Truck One Source, Inc. President – Rentals Rich Thomas R. reported equity compensation activity involving restricted stock units and common shares. On April 1, 2026, he exercised restricted stock units into 75,000 shares of common stock and had 22,538 shares withheld at $6.62 per share to cover tax obligations, which is not an open-market sale. He also received a new grant of 100,000 restricted stock units, each representing one share of common stock. Following these transactions, he directly held 363,635 shares of common stock. The restricted stock units vest in four equal annual installments under schedules beginning on April 1, 2024, April 1, 2026, and April 1, 2027, with some vesting subject to continued service and potential partial acceleration upon achieving specified corporate milestones.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 52,462 shares
Net Buy
5 txns
Insider
Rich Thomas R.
Role
President - Rentals
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 50,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 25,000 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Unit | 100,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 75,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 22,538 | $6.62 | $149K |
Holdings After Transaction:
Restricted Stock Unit — 225,000 shares (Direct);
Common Stock — 363,635 shares (Direct)
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 shares: 75,000 shares
Shares withheld for taxes: 22,538 shares at $6.62
New RSU grant: 100,000 restricted stock units
+2 more
5 metrics
RSUs exercised into common shares
75,000 shares
Exercise or conversion of restricted stock units on April 1, 2026
Shares withheld for taxes
22,538 shares at $6.62
Tax-withholding disposition related to RSU vesting on April 1, 2026
New RSU grant
100,000 restricted stock units
Grant or award acquisition of RSUs representing common stock
Common shares held after transactions
363,635 shares
Direct ownership of CTOS common stock following reported Form 4 activity
RSU-to-share ratio
1 RSU = 1 share
Each restricted stock unit represents one share of common stock
Key Terms
Restricted Stock Unit, tax obligations, vesting, annual installments, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share"
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"
vesting financial
"The restricted stock units vest in four equal annual installments"
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.
annual installments financial
"The restricted stock units vest in four equal annual installments beginning on April 1"
corporate milestones financial
"potential partial acceleration upon the achievement of certain corporate milestones"
FAQ
What insider transactions did CTOS executive Rich Thomas report on April 1, 2026?
On April 1, 2026, CTOS President – Rentals Rich Thomas exercised restricted stock units into 75,000 common shares and had 22,538 shares withheld for taxes. He also received a new grant of 100,000 restricted stock units as part of his equity compensation.
What restricted stock unit grants did Rich Thomas receive from CTOS in this filing?
Rich Thomas received a grant of 100,000 restricted stock units, each representing one share of CTOS common stock. These units vest in four equal annual installments beginning April 1, 2027, subject to continued service and potential partial acceleration upon achieving specified corporate milestones.
How do the CTOS restricted stock units for Rich Thomas vest over time?
The restricted stock units vest in four equal annual installments beginning on April 1, 2024, April 1, 2026, and April 1, 2027. Vesting is subject to continued service on each vesting date, and some units may vest earlier if certain corporate milestones are achieved.
What does the $6.62 price in Rich Thomas’s CTOS Form 4 represent?
The $6.62 price per share applies to 22,538 CTOS shares that were withheld to satisfy tax obligations from RSU vesting. This “F” code transaction is a tax-withholding disposition and not an open-market sale or purchase initiated by the executive.
AI-generated analysis. How Rhea-AI works. Not financial advice.
