Form 4: Cactus EVP Marsh Reports Significant Stock Transactions

Cactus, Inc. General Counsel and EVP William D. Marsh reported recent acquisitions and dispositions of Class A Common Stock and Restricted Stock Units.

Summary

• William D. Marsh, GC, EVP and Secretary of Cactus, Inc., reported multiple transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
• On March 10, 2026, Marsh acquired 6,450 shares of Class A Common Stock upon RSU vesting and disposed of 2,539 shares for tax withholding at $48.6 per share.
• Also on March 10, 2026, Marsh acquired an additional 2,685 shares of Class A Common Stock from RSU vesting and disposed of 1,057 shares for tax withholding at $48.6 per share.
• On March 11, 2026, Marsh acquired 3,314 shares of Class A Common Stock from RSU vesting and disposed of 1,305 shares for tax withholding at $48.56 per share.
• Marsh also disposed of 3,910 shares of Class A Common Stock via gift on March 11, 2026, at a price of $0.
• Following these transactions, Marsh directly beneficially owns 25,843 shares of Class A Common Stock.
• Marsh was granted 14,290 new Restricted Stock Units on March 10, 2026, which will vest in three equal installments beginning on the first anniversary of the grant date.
• Marsh's total beneficial ownership of derivative securities (RSUs) is 42,638 after these reported transactions.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a routine insider filing reflecting executive compensation. The new RSU grant is a positive for executive incentive, while vesting and tax-related sales are standard occurrences.

Positives

• Acquisition of 6,450 shares, 2,685 shares, and 3,314 shares of Class A Common Stock through the vesting of previously granted Restricted Stock Units.
• Grant of 14,290 new Restricted Stock Units on March 10, 2026, indicating continued equity incentive for the executive.

Negatives

• Disposition of 2,539 shares, 1,057 shares, and 1,305 shares of Class A Common Stock to satisfy tax withholding obligations upon RSU vesting.
• Disposition of 3,910 shares of Class A Common Stock via gift.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transaction filings like this Form 4 provide transparency into executive stock ownership changes, which can sometimes signal management's confidence or lack thereof in the company's future. These routine filings are a standard part of executive compensation and equity management.

Stakeholder Impact

• Shareholders: Provides transparency into executive equity holdings and compensation activities, which can influence investor sentiment regarding management alignment.

Next Steps

• The 14,290 Restricted Stock Units granted on March 10, 2026, will vest in three equal installments beginning on March 10, 2027.
• Remaining unvested portions of RSUs granted on March 10, 2023, March 11, 2024, and March 10, 2025, will continue to vest according to their respective schedules.

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 standard events and do not typically indicate a fundamental shift in the company's prospects or warrant a change in investment recommendation. The continued equity participation by a key executive is generally a neutral to slightly positive signal.

Keywords

Cactus Inc., WHD, Form 4, Insider Transaction, Restricted Stock Units, RSU, Class A Common Stock, Executive Compensation, Stock Vesting, Tax Withholding, William D. Marsh