Form 4: Cactus EVP/CEO Tadlock Reports RSU Vesting, New Grant

Cactus, Inc.'s EVP/CEO, Stephen Tadlock, reported multiple transactions including the vesting of restricted stock units, subsequent tax withholdings, and a new RSU grant.

Summary

• Stephen Tadlock, EVP/CEO Spool Tech/Cactus Intl of Cactus, Inc. (WHD), reported several transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
• On March 10, 2026, Tadlock acquired 7,978 shares of Class A Common Stock and 4,027 shares of Class A Common Stock upon the vesting of previously granted RSUs.
• Concurrently on March 10, 2026, 3,140 shares and 1,585 shares of Class A Common Stock were disposed of to satisfy tax withholding obligations at a price of $48.6 per share.
• On March 11, 2026, Tadlock acquired 4,971 shares of Class A Common Stock from RSU vesting and disposed of 1,957 shares for tax withholding at $48.56 per share.
• A new grant of 14,970 Restricted Stock Units was awarded to Tadlock on March 10, 2026, which will vest in three equal annual installments starting one year from the grant date.
• Following these transactions, Tadlock's direct beneficial ownership of Class A Common Stock increased to 82,068 shares, and his direct beneficial ownership of Restricted Stock Units stands at 131,314 units.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, reflecting standard executive compensation activities. The new RSU grant is a positive for executive alignment, while vesting and tax withholding are routine.

Positives

• The reporting person received a new grant of 14,970 Restricted Stock Units, aligning executive incentives with long-term company performance.
• Vesting of previously granted Restricted Stock Units resulted in the acquisition of Class A Common Stock, increasing the executive's direct equity stake in the company.

Negatives

• A portion of the vested Class A Common Stock was withheld by the company to cover tax obligations, reducing the net shares received by the executive.

Future Outlook

The newly granted Restricted Stock Units on March 10, 2026, are scheduled to vest in three equal annual installments, beginning on the first anniversary of the grant date, indicating future equity compensation events.

Industry Context

StockSavvy.ai notes that executive compensation through equity grants and vesting is a standard practice across industries, particularly in the oil and gas equipment and services sector where Cactus, Inc. operates. These transactions reflect routine compensation events rather than a specific strategic shift.

Comparison to Industry Standards

• The structure of RSU grants with multi-year vesting schedules is a common industry practice designed to retain key executives and align their interests with long-term shareholder value, comparable to practices at peers like NOV Inc. or Schlumberger.
• The use of shares withheld for tax obligations upon RSU vesting is a standard mechanism for managing executive compensation taxes, consistent with global benchmarks for equity compensation plans.

Stakeholder Impact

• Shareholders: The transactions represent routine executive compensation, which can align management's interests with shareholder value through equity ownership. The new RSU grant ties future performance to executive incentives.
• Employees: These transactions are specific to a senior executive and do not directly impact the broader employee base, though they reflect the company's overall compensation philosophy for leadership.

Next Steps

• The newly granted 14,970 Restricted Stock Units will begin vesting in three equal annual installments starting on March 10, 2027.

Key Dates

Recommendation

The filing details routine insider transactions related to executive compensation, including RSU vesting, tax withholding, and a new RSU grant. These are expected events and do not indicate a material change in the company's operational or financial outlook that would warrant a change in investment recommendation. The transactions are neutral in their immediate impact on the stock's fundamental value.

Keywords

Cactus Inc, WHD, Stephen Tadlock, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Grant, Tax Withholding