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Companies Custom Truck One Source, Inc.

Custom Truck One Source (CTOS): executive pay, fiscal 2025

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CEO total pay$2,577,511CEO Ryan McMonagle · source
Say-on-pay support98.78%Latest vote · source
CEO vs. named peers10th pct.Of 10 peer CEOs
CEO pay ratio35:1To the median employee · source

CEO pay, last three years

  • $1,937,026FY2023
  • $1,126,448FY2024
  • $2,577,511FY2025

CEO total pay was $2,577,511 in fiscal 2025, up from $1,126,448 in fiscal 2024.

FY2025: salary $850,000 · bonus $184,960 · stock awards $1,024,969 · option awards $0

Frequently asked questions

Who was the highest-paid executive at Custom Truck One Source, Inc. in fiscal 2025?
As disclosed, Ryan McMonagle (Chief Executive Officer) was the highest-paid executive at Custom Truck One Source, Inc. in fiscal 2025, with total compensation of $2,577,511.
How does Custom Truck One Source, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Ryan McMonagle's total compensation ranked at the 10th percentile of Custom Truck One Source, Inc.'s disclosed peer group.
What is Custom Truck One Source, Inc.'s CEO-to-median employee pay ratio?
As disclosed, Custom Truck One Source, Inc.'s CEO-to-median employee pay ratio was 35:1.
How did shareholders vote on Custom Truck One Source, Inc.'s executive compensation?
As disclosed, 98.78% of shareholders supported Custom Truck One Source, Inc.'s executive compensation in the latest say-on-pay vote.
How much does Custom Truck One Source, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Custom Truck One Source, Inc. reported total board compensation of $1,254,285 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Ryan McMonagle$850,000$184,960$1,024,969$0$495,040$0$22,542$2,577,511
Chief Executive Officer
Christopher Eperjesy608,07786,278618,0750230,922024,6921,568,044
Chief Financial Officer
Thomas Rich500,000135,720630,7500189,280018,4651,474,215
President — Rentals
Joseph Ross500,00070,720630,7500189,280024,1791,414,929
President — Sales
Paul Jolas446,15463,648425,7640170,352040,2981,146,216
Executive Vice President, General Counsel and Corporate Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Ryan McMonagle$2,577,511$1,126,448$1,937,026↑ +1,451,063
Christopher Eperjesy1,568,044831,5861,210,441↑ +736,458
Thomas Rich1,474,215663,757918,018↑ +810,458
Joseph Ross1,414,929670,158929,875↑ +744,771
Paul Jolas1,146,216562,269—↑ +583,947

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation program is designed to attract and retain talent, provide pay progression for those who drive corporate strategy, and reward executives for value creation. Target total direct compensation is generally targeted near the market median, with variable compensation tied to performance to ensure accountability and alignment with stockholder interests.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantFarient Advisors, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Christopher EperjesyPSU2025-02-23—33,750——$151,200
Christopher EperjesyPSU2025-04-28—22,500——93,375
Ryan McMonaglePSU2025-02-23—40,625——182,000
Paul JolasPSU2025-04-28—15,000———
Ryan McMonaglePSU2025-04-28—40,625——168,594
Ryan McMonagleRSU2025-04-28——162,500—674,375
Paul JolasRSU2025-04-28——67,500—280,125
Thomas RichPSU2025-04-28—25,000——103,750
Thomas RichPSU2025-02-23—25,000——112,000
Joseph RossRSU2025-04-28——100,000—415,000
Joseph RossPSU2025-04-28—25,000——103,750
Joseph RossPSU2025-02-23—25,000——112,000
Paul JolasPSU2025-02-23—16,876——75,604
Paul JolasPSU2025-04-28—16,876——70,035
Thomas RichRSU2025-04-28——100,000—415,000
Christopher EperjesyRSU2025-04-28——90,000—373,500
Christopher EperjesyPSU2025-04-28—20,000———
Ryan McMonaglePSU2025-04-28—113,000———
Thomas RichPSU2025-04-28—105,000———
Joseph RossPSU2025-04-28—105,000———

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Christopher Eperjesy$373,500$244,575$039.6%
Ryan McMonagle674,375350,594034.2%
Paul Jolas280,125145,639034.2%
Thomas Rich415,000215,750034.2%
Joseph Ross415,000215,750034.2%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Paul JolasPSU15,000—$0
Paul JolasPSU16,875—97,200
Christopher EperjesyPSU20,000—0
Christopher EperjesyPSU22,500—129,600
Joseph RossPSU25,000—144,000
Thomas RichPSU25,000—144,000
Paul JolasRSU33,750—194,400
Ryan McMonaglePSU40,625—234,000
Paul JolasPSU42,188—243,003
Paul JolasRSU50,625—291,600
Paul JolasRSU67,500—388,800
Christopher EperjesyRSU90,000—518,400
Joseph RossRSU100,000—576,000
Joseph RossRSU100,000—576,000
Thomas RichRSU100,000—576,000
Thomas RichRSU100,000—576,000
Joseph RossPSU105,000—0
Thomas RichPSU105,000—0
Christopher EperjesyRSU112,500—648,000
Ryan McMonaglePSU113,000—0
Christopher EperjesyPSU123,750—712,800
Joseph RossPSU125,000—720,000
Thomas RichPSU125,000—720,000
Ryan McMonagleRSU162,500—936,000
Ryan McMonagleRSU162,500—936,000
Ryan McMonaglePSU203,125—1,170,000
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Marshall HeinbergIndependent · Board Chair · Audit$200,000$203,053———$403,053
Mark D. EinIndependent100,000112,808———212,808
Georgia NelsonIndependent · Audit · Compensation (Chair)100,000112,808———212,808
Paul BaderIndependent · Audit (Chair)100,000112,808———212,808
Mary JacksonIndependent · Audit · Compensation100,000112,808———212,808
David GlattNot independent00———0
David WolfIndependent · Compensation00———0
Louis SamsonNot independent00———0

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$125,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—

Total cost of the board

ComponentFY2025
Cash retainers and fees$600,000
Equity awards (grant-date value)$654,285
All other compensation$0
Total cost of the board$1,254,285

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Custom Truck One Source as a peer

Companies that benchmark against CTOS

5 companies name CTOS as a compensation peer

Each company listed discloses CTOS in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CTOS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

The companies Custom Truck One Source, Inc. names as compensation peers that name it back in their own disclosed peer groups.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1WillScot Mobile2025Bradley Soultz$1,018,618$5,293,974$0$501,788$9,890,760
2Herc Holdings2025Scott Bluestein650,0005,047,162009,670,162
3Gatx Corp.2025Robert Lyons991,6672,281,8302,302,1051,012,0938,178,380
4Trinity2025E. Jean Savage1,000,0004,280,63502,136,0007,480,164
5Terex2025Simon Meester961,5385,203,3180840,6097,294,990
6McGrath RentCorp2025Joseph Hanna875,0004,301,22801,118,8626,519,633
7Wabash2025Brent Yeagy1,116,9234,315,5890205,8275,717,526
8Alamo Group2025Jeffery Leonard712,9813,956,8600672,2845,456,560
9Manitowoc2025Aaron Ravenscroft1,005,3853,184,4070785,2555,052,437
10Miller Industries2025William Miller II827,4242,556,84001,304,6584,748,987
11Custom Truck One Source, Inc.2025Ryan McMonagle850,0001,024,9690495,0402,577,511

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Custom Truck One Source, Inc.not disclosednot disclosednot disclosedFarient Advisors, LLC
Alamo Groupnot disclosednot disclosednot disclosedPay Governance, LLC
Gatx Corp.not disclosednot disclosednot disclosedPay Governance LLC
Herc Holdingsnot disclosednot disclosednot disclosedFW Cook
Manitowocnot disclosedPSU 50 · RSU 50not disclosedWillis Towers Watson (WTW)
McGrath RentCorpnot disclosedPSU 50 · RSU 50not disclosedSemler Brossy
Miller Industriesnot disclosedRSU 100not disclosedAlvarez & Marsal Tax, LLC
Terexnot disclosedPRSU 65 · RSU 35Yes — total shareholder return (TSR)Pay Governance LLC
Trinitynot disclosedPSU 60 · RSU 40not disclosedMeridian Compensation Partners, LLC
Wabashnot disclosedRSU 50 · PSU 50not disclosedFrederic W. Cook & Co., Inc.
WillScot Mobilenot disclosedPRSU 70 · RSU 30not disclosedPay Governance

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-11—————
20252025-06-12—————
20242024-06-13180,138,2942,218,58412,30998.78%Passed
20232023-06-15—————
20212021-07-08201,413,095374,965310,36599.81%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-06-11—a
20252025-06-12—b
20242024-06-1398.78%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be considered votes cast for this proposal and will have no effect on the vote for this proposal.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)35 : 1
CEO total compensation$2,577,511
Median employee compensation$72,848
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (53 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Ryan McMonagle. DEF 14A, filed 2026-04-29. Section “Summary Compensation Table” · page 39. As printed: 2,577,511. View filing ↗
  • Section 01, Christopher Eperjesy. DEF 14A, filed 2026-04-29. Section “Summary Compensation Table” · page 39. As printed: 1,568,044. View filing ↗
  • Section 01, Thomas Rich. DEF 14A, filed 2026-04-29. Section “Summary Compensation Table” · page 39. As printed: 1,474,215. View filing ↗
  • Section 01, Joseph Ross. DEF 14A, filed 2026-04-29. Section “Summary Compensation Table” · page 39. As printed: 1,414,929. View filing ↗
  • Section 01, Paul Jolas. DEF 14A, filed 2026-04-29. Section “Summary Compensation Table” · page 39. As printed: 1,146,216. View filing ↗
  • Section 03, Christopher Eperjesy PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Christopher Eperjesy PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Ryan McMonagle PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Paul Jolas PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Ryan McMonagle PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Ryan McMonagle RSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Paul Jolas RSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Rich PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Rich PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Joseph Ross RSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Joseph Ross PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Joseph Ross PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Paul Jolas PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Paul Jolas PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Rich RSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Christopher Eperjesy RSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Christopher Eperjesy PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Ryan McMonagle PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Rich PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Joseph Ross PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-29. Section “CEO Pay Ratio”. As printed: 35 : 1. View filing ↗
  • Section 08, Marshall Heinberg. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 403,053. View filing ↗
  • Section 08, Mark D. Ein. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 212,808. View filing ↗
  • Section 08, Georgia Nelson. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 212,808. View filing ↗
  • Section 08, Paul Bader. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 212,808. View filing ↗
  • Section 08, Mary Jackson. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 212,808. View filing ↗
  • Section 08, David Glatt. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, David Wolf. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Louis Samson. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-06-11. Item 5.07 · say-on-pay result. As reported: —. View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-06-12. Item 5.07 · say-on-pay result. As reported: —. View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-06-14. Item 5.07 · say-on-pay result. As reported: 98.78% (votes for as printed: 180,138,294). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 600,000 + equity 654,285 + all other 0 = 1,254,285, summed across the director compensation table rows.
  • WillScot Mobile, Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in WillScot Mobile's own proxy. As printed: 9,890,760. View filing ↗
  • Herc Holdings, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Herc Holdings's own proxy. As printed: 9,670,162. View filing ↗
  • Gatx Corp., Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in Gatx Corp.'s own proxy. As printed: 8,178,380. View filing ↗
  • Trinity, Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Trinity's own proxy. As printed: 7,480,164. View filing ↗
  • Terex, Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Terex's own proxy. As printed: 7,294,990. View filing ↗
  • McGrath RentCorp, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in McGrath RentCorp's own proxy. As printed: 6,519,633. View filing ↗
  • Wabash, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Wabash's own proxy. As printed: 5,717,526. View filing ↗
  • Alamo Group, Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Alamo Group's own proxy. As printed: 5,456,560. View filing ↗
  • Manitowoc, Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in Manitowoc's own proxy. As printed: 5,052,437. View filing ↗
  • Miller Industries, Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Miller Industries's own proxy. As printed: 4,748,987. View filing ↗
  • Custom Truck One Source, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Custom Truck One Source, Inc.'s own proxy. As printed: 2,577,511. View filing ↗
  • Section 10a, McGrath RentCorp reciprocity. DEF 14A. McGrath RentCorp names Custom Truck One Source, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Manitowoc reciprocity. DEF 14A. Manitowoc names Custom Truck One Source, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
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