Form 4: Cactus CEO Scott Bender Reports Stock Transactions
Insider Transaction Report
Cactus, Inc. Chairman and CEO Scott Bender reported the acquisition of shares from performance units and the disposition of shares for tax withholding.
Summary
- Scott Bender, Chairman and CEO of Cactus, Inc. and a 10% owner, reported transactions involving Class A Common Stock.
- Acquired 45,826 shares of Class A Common Stock on February 26, 2026, representing shares earned from performance share units granted in 2023 for the three-year performance period ending December 31, 2025.
- Disposed of 18,033 shares of Class A Common Stock on February 26, 2026, at a price of $51.56 per share, to satisfy tax withholding obligations upon the vesting of previously granted restricted stock units.
- Following these transactions, Scott Bender beneficially owns 106,801 shares of Class A Common Stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. The transactions are routine insider compensation activities (vesting and tax withholding) and do not indicate a significant change in the company's outlook or the insider's confidence beyond the fulfillment of existing compensation plans.
Positives
- The acquisition of 45,826 shares indicates that performance targets for the 2023-2025 period were met, leading to the vesting of performance share units, reflecting positively on company performance under management.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions and do not typically provide industry-wide insights. These transactions reflect individual compensation events rather than broader market or industry trends.
Key Dates
| Date | Description |
|---|---|
| 12/31/2025 | End of the three-year performance period for performance share units granted in 2023. |
| 02/26/2026 | Transaction date for both the acquisition of performance shares and the disposition for tax withholding. |
| 03/02/2026 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Recommendation
holdThis Form 4 filing details routine insider transactions related to compensation (vesting of performance units and tax withholding). It does not provide new material information about the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company fundamentals.
Keywords
Cactus Inc., WHD, Scott Bender, Insider Trading, Form 4, Stock Transaction, Performance Share Units, Restricted Stock Units, CEO, Director, 10% Owner
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