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    Ryan McMonagle

    Chief Executive Officer (CEO) at Custom Truck One Source Inc
    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 Inc

    CJE
    Christopher J. Eperjesy
    Chief Financial Officer (CFO)
    JR
    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

    OrganizationRoleDate RangeDetails
    Custom Truck One Source (CTOS)President2021 – 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
    SmashburgerCFO & Chief Development OfficerN/A Served as CFO and Chief Development Officer for a portfolio company of Consumer Capital Partners
    Sound United and DEI HoldingsCFON/A Responsible for integrating multiple businesses including Polk Audio, Definitive Technology, and Directed Electronics
    Bain and CompanyAnalyst/ConsultantN/A Started his career at Bain and Company

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional 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

    MetricValueDetails
    Performance MeasureAdjusted 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 Percentage50% Percentage of base salary
    Target Bonus Amount$425,000 50% of base salary
    Actual Bonus Award$386,750 Calculated based on 91% payout
    VestingNot applicableCash bonus is paid based on performance; no vesting schedule

    Discretionary Bonus

    MetricValueDetails
    Bonus Amount$386,750 Awarded as a discretionary adjustment for exceptional performance
    Approval DateFebruary 28, 2024 Approved by the Board for 2023 performance
    Performance MetricsN/ANot tied to specific performance metrics or conditions

    Long-Term Incentive Plan (LTIP)

    MetricValueDetails
    Award TypePerformance Stock Units (PSUs) Based on 2022 Tranche 2 awards applicable to 2023
    Performance MeasureAdjusted EBITDA Vesting contingent upon achieving EBITDA targets
    Vesting Percentage18% of eligible PSUs vested Actual vesting determined by performance between threshold and target
    Vesting Schedule1/4 each fiscal year from 2023 to 2026 Pro-rata vesting if EBITDA is between threshold and target
    Grant DateMarch 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 ConditionsMaximum shares earned equal to target level shares PSUs do not provide stockholder rights or dividend equivalents
    Grant Date Stock PriceN/ANot provided in documents