Form 4: Cactus CFO Jay Nutt Receives RSU Grant, Vests Shares
Insider Transaction Report
Cactus, Inc.'s EVP and CFO, Jay A. Nutt, was granted 14,290 restricted stock units and saw 2,685 previously granted units vest, with shares withheld for tax obligations.
Summary
- EVP and CFO Jay A. Nutt was granted 14,290 Restricted Stock Units (RSUs) on March 10, 2026.
- These new RSUs will vest in three equal annual installments, starting on March 10, 2027.
- On the same date, 2,685 previously granted RSUs from a March 10, 2025 grant vested, converting into Class A Common Stock.
- 869 shares of Class A Common Stock were withheld by Cactus, Inc. at a price of $48.6 per share to cover tax withholding obligations related to the RSU vesting.
- Following these transactions, Nutt directly beneficially owns 4,042 shares of Class A Common Stock and 45,209 derivative Restricted Stock Units.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive event, reflecting ongoing executive compensation and alignment of interests, with no unusual or concerning activity.
Positives
- Grant of 14,290 new Restricted Stock Units (RSUs) to the EVP and CFO, aligning management's interests with shareholders.
- Vesting of 2,685 previously granted RSUs, indicating successful achievement of prior compensation milestones.
Negatives
- Disposition of 869 shares of Class A Common Stock at $48.6 per share to satisfy tax withholding obligations, reducing direct share ownership.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that executive compensation through Restricted Stock Units (RSUs) and subsequent tax withholding upon vesting is a standard practice across many industries, particularly in the energy services sector where Cactus, Inc. operates. This aligns executive incentives with long-term company performance.
Stakeholder Impact
- Shareholders: Minor potential dilution from RSU vesting, but also increased alignment of executive interests with long-term share price performance due to the new RSU grant.
Next Steps
- The 14,290 Restricted Stock Units granted on March 10, 2026, will vest in three equal annual installments, beginning on March 10, 2027.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of grant for 8,053 restricted stock units, which began vesting in three equal annual installments on the first anniversary of the grant date. |
| 03/10/2026 | Date of vesting for 2,685 restricted stock units from a prior grant, acquisition of 2,685 Class A Common Stock, disposition of 869 Class A Common Stock for tax withholding, and grant of 14,290 new restricted stock units. |
| 03/12/2026 | Date the Form 4 was signed by Jay A. Nutt via Attorney-in-Fact. |
| 03/10/2027 | First anniversary of the 14,290 RSU grant, when the first of three equal annual installments will vest. |
Recommendation
holdThis Form 4 filing details routine executive compensation activities, including RSU grants and vesting with tax withholding. It does not provide new fundamental information about the company's operational performance or strategic direction that would warrant a change in investment recommendation. The transactions are expected and align executive incentives, supporting a 'hold' stance for existing investors.
Keywords
Cactus Inc., WHD, Jay A. Nutt, EVP and CFO, Restricted Stock Units, RSU grant, insider transaction, SEC Form 4, executive compensation, stock vesting, tax withholding
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