Ross Joe P. 4

What Happened

Ross Joe P., President - Sales of Custom Truck One Source, Inc. (CTOS), was granted 24,796 shares (reported as performance stock units) on February 23, 2026. The grant is reported at an acquisition price of $0.00 (no cash paid). This is an award/compensation grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-02-23; 24,796 shares at $0.00.
• Filing date: 2026-03-26 (the Form 4 was filed ~1 month after the transaction; appears to be a late filing).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: The award represents PSUs earned based on performance for the period ending 12/31/2025, certified 2/23/2026; the shares remain subject to time-based vesting, satisfied on 12/31/2026.
• Transaction type: Award/Grant (A); not a sale or purchase of existing shares.

Context

Performance stock units (PSUs) are compensation that become shares if performance goals are met; these PSUs were earned (performance achieved) but still carry a time-based vesting condition through 12/31/2026. Because this is a compensation award rather than a market purchase, it should be viewed as part of executive pay policy rather than a direct bullish signal from insider buying. The late filing may be administrative but is worth noting for transparency.