Ryan McMonagle

Chief Executive Officer (CEO) at Custom Truck One Source

Since March 20, 2023

Age

46 years

Education

Holds a Bachelor's degree in Finance from Southern Methodist University and an MBA from Harvard Business School.

Tenure

Joined CTOS in 2015 as CFO, was promoted to COO in 2017, assumed the role of President in 2021, and became CEO on March 20, 2023.

Also at Custom Truck One Source

CJE

Christopher J. Eperjesy

Chief Financial Officer (CFO)

Joseph Ross

President — Sales

PMJ

Paul M. Jolas

EVP, General Counsel, and Secretary

About

Ryan McMonagle is a seasoned financial and operational leader known for his strong educational background and dynamic career in the transportation sector. He is 46 years old as of 2024 and holds a Bachelor's degree in Finance from Southern Methodist University as well as an MBA from Harvard Business School.

Beginning his career at Bain and Company, he later took on executive roles as CFO and Chief Development Officer at Smashburger, and as CFO for portfolio companies under Sound United and DEI Holdings, where he honed his expertise in capital management and business integration.

He joined CTOS in 2015 as the Chief Financial Officer, was promoted to Chief Operating Officer in 2017, and assumed additional responsibilities as President in 2021 before stepping into the role of CEO on March 20, 2023. His career at CTOS underscores a deep commitment to operational excellence and strategic growth, driving significant improvements in vehicle production, revenue generation, and market expansion.

Under his leadership, CTOS has benefitted from his comprehensive approach to free cash flow generation, capital allocation, and long-term value creation. His diverse background and proven track record continue to guide the company's evolution and reinforce its position in the specialized trucking and heavy equipment industries.

$CTOS Performance Under Ryan McMonagle

Past Roles

Organization	Role	Date Range	Details
Custom Truck One Source (CTOS)	President	2021 – 2023	Promoted to CEO on March 20, 2023
Custom Truck One Source (CTOS)	Chief Operating Officer (COO)	2017 – 2021	Held the role prior to his presidency
Custom Truck One Source (CTOS)	Chief Financial Officer (CFO)	2015 – 2017	Joined as CFO following Blackstone's investment
Smashburger	CFO & Chief Development Officer	N/A	Served as CFO and Chief Development Officer for a portfolio company of Consumer Capital Partners
Sound United and DEI Holdings	CFO	N/A	Responsible for integrating multiple businesses including Polk Audio, Definitive Technology, and Directed Electronics
Bain and Company	Analyst/Consultant	N/A	Started his career at Bain and Company

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$850,000	Annual, effective March 20, 2023	Compensation as Chief Executive Officer starting March 20, 2023
401(k) Matching Contributions	$11,550	Annual	Fixed matching contribution for 2023
Vehicle Allowance	$9,382	Annual	Vehicle allowance provided for 2023

Performance Compensation

Data from FY 2023

Annual Cash Bonus

Metric	Value	Details
Performance Measure	Adjusted EBITDA	Determines bonus payout based on financial goal achievement
Threshold (50% Payout)	$391.5 million	Minimum EBITDA level for partial bonus
Target (100% Payout)	$435.0 million	EBITDA level for full bonus payout
Maximum (175% Payout)	$478.5 million	Capped at this EBITDA level
Actual 2023 EBITDA	$426.9 million	Resulted in a payout percentage of 91%
Base Salary for Bonus Calculation	$850,000	Used to determine bonus target
Target Bonus Percentage	50%	Percentage of base salary
Target Bonus Amount	$425,000	50% of base salary
Actual Bonus Award	$386,750	Calculated based on 91% payout
Vesting	Not applicable	Cash bonus is paid based on performance; no vesting schedule

Discretionary Bonus

Metric	Value	Details
Bonus Amount	$386,750	Awarded as a discretionary adjustment for exceptional performance
Approval Date	February 28, 2024	Approved by the Board for 2023 performance
Performance Metrics	N/A	Not tied to specific performance metrics or conditions

Long-Term Incentive Plan (LTIP)

Metric	Value	Details
Award Type	Performance Stock Units (PSUs)	Based on 2022 Tranche 2 awards applicable to 2023
Performance Measure	Adjusted EBITDA	Vesting contingent upon achieving EBITDA targets
Vesting Percentage	18% of eligible PSUs vested	Actual vesting determined by performance between threshold and target
Vesting Schedule	1/4 each fiscal year from 2023 to 2026	Pro-rata vesting if EBITDA is between threshold and target
Grant Date	March 7, 2023	Date when LTIP PSU awards applicable to 2023 were granted
Grant Date Fair Value	$305,094	Fair value assigned on grant date
Additional Conditions	Maximum shares earned equal to target level shares	PSUs do not provide stockholder rights or dividend equivalents
Grant Date Stock Price	N/A	Not provided in documents