CTOS (NYSE: CTOS) sales president exercises RSUs, receives 100,000-unit award
Rhea-AI Filing Summary
Custom Truck One Source, Inc. President – Sales Joe P. Ross reported equity compensation activity involving restricted stock units and common shares of CTOS. On April 1, 2026, he exercised restricted stock units covering 75,000 shares of common stock, and the company withheld 33,788 shares at $6.62 per share to satisfy tax obligations arising from vesting.
Following these transactions, Ross directly held 377,493 shares of common stock and indirectly held 282,449 shares through Joseph P. Ross Holding Company, LLC. He also received a new grant of 100,000 restricted stock units, which vest in four equal annual installments beginning on April 1, 2027, subject to continued service and potential partial acceleration upon achievement of specified corporate milestones.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 41,212 shares
Net Buy
6 txns
Insider
Ross Joe P.
Role
President - Sales
| 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 | 33,788 | $6.62 | $224K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 225,000 shares (Direct);
Common Stock — 377,493 shares (Direct);
Common Stock — 282,449 shares (Indirect, By Joseph P. Ross 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: 75,000 shares
Shares withheld for taxes: 33,788 shares at $6.62
New RSU grant: 100,000 units
+2 more
5 metrics
RSUs exercised into common stock
75,000 shares
Derivative exercises reported on April 1, 2026
Shares withheld for taxes
33,788 shares at $6.62
Tax-withholding disposition related to RSU vesting
New RSU grant
100,000 units
Grant vesting in four annual installments from April 1, 2027
Direct common stock holdings
377,493 shares
Total direct CTOS shares after transactions
Indirect common stock holdings
282,449 shares
Held through Joseph P. Ross Holding Company, LLC
Key Terms
Restricted Stock Unit, tax obligations, indirect, corporate milestones
4 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."
indirect financial
"total_shares_following_transaction": "282449.0000", "direct_or_indirect": "I""
corporate milestones financial
"potential partial acceleration upon the achievement of certain corporate milestones."
FAQ
What insider transactions did CTOS executive Joe P. Ross report?
Joe P. Ross reported exercising restricted stock units into 75,000 CTOS common shares and a tax withholding disposition of 33,788 shares. He also received a new grant of 100,000 restricted stock units as part of his equity compensation on April 1, 2026.
What new equity award did Joe P. Ross receive from Custom Truck One Source (CTOS)?
Ross received a grant of 100,000 restricted stock units tied to CTOS common stock. These units vest in four equal annual installments starting April 1, 2027, contingent on his continued service and potential partial acceleration if certain corporate milestones are achieved.
How do the restricted stock units reported by Joe P. Ross convert into CTOS common stock?
Each restricted stock unit represents a contingent right to receive one CTOS common share. As units vest over time, they convert into common stock, increasing Ross’s share ownership, subject to any share withholding to cover associated tax obligations at vesting.
What indirect holdings in CTOS stock are associated with Joe P. Ross?
The filing shows an indirect holding of 282,449 CTOS common shares attributed to Joseph P. Ross Holding Company, LLC. This entry reflects shares held through the related LLC, separate from Ross’s directly owned 377,493 common shares after the reported transactions.
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