Form 4: Cactus COO Steven Bender Reports Stock Transactions

Cactus, Inc. Chief Operating Officer Steven Bender reported the acquisition of shares from performance units and the disposition of shares for tax withholding purposes.

Summary

• Steven Bender, Chief Operating Officer of Cactus, Inc. (WHD), reported transactions involving Class A Common Stock.
• Acquired 27,496 shares of Class A Common Stock on February 26, 2026, which represent shares earned from performance share units granted in 2023.
• The performance share units were for a three-year performance period ending December 31, 2025, and were approved by the Compensation Committee of the Board of Directors based on audited financial statements.
• Disposed of 10,820 shares of Class A Common Stock on February 26, 2026, at a price of $51.56 per share.
• The disposition was for shares withheld by the company to satisfy tax withholding obligations upon the vesting of previously granted restricted stock units.
• Following these reported transactions, Steven Bender beneficially owns 91,006 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a routine insider transaction. The vesting of performance shares is a positive signal, indicating the achievement of company goals, while the tax-related disposition is a standard event.

Positives

• The acquisition of 27,496 shares from performance share units indicates that the company's performance goals for the three-year period ending December 31, 2025, were met, as approved by the Compensation Committee.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to compensation and tax withholding, are common and generally not indicative of broader industry trends unless they involve significant open market purchases or sales that deviate from routine compensation events.

Related Party Transactions

• The transactions involve the company's Chief Operating Officer and the company itself, related to executive compensation and tax obligations.

Stakeholder Impact

• Shareholders may view the vesting of performance shares positively, as it indicates that management has met specific performance targets, aligning executive incentives with shareholder interests.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to executive compensation and tax obligations. While the vesting of performance shares indicates the achievement of company goals, these transactions do not provide new fundamental information that would warrant a change in an investment thesis. Therefore, a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Cactus Inc, WHD, Steven Bender, Form 4, Insider Transaction, Performance Share Units, Restricted Stock Units, Executive Compensation, Stock Ownership