Form 4: Cactus, Inc. Chairman and CEO Scott Bender Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Scott Bender, Chairman and CEO of Cactus, Inc., reports transactions involving Class A Common Stock and Restricted Stock Units.
Summary
- On March 10 and 11, 2025, Scott Bender, Chairman and CEO of Cactus, Inc., reported transactions involving Class A Common Stock and Restricted Stock Units.
- These transactions include the vesting of restricted stock units and the subsequent withholding of shares to cover tax obligations.
- Bender acquired shares through the vesting of restricted stock units and disposed of shares to satisfy tax withholding requirements.
- Following these transactions, Bender directly owns 55,501 shares of Class A Common Stock.
- He also holds 44,342 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The vesting of restricted stock units indicates a continued alignment of the executive's interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/10/2023 | Grant date of 22,913 restricted stock units vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 03/11/2022 | Grant date of 19,380 restricted stock units vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 03/11/2024 | Grant date of 24,857 restricted stock units vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 03/10/2025 | Date of restricted stock units vesting and tax obligation fulfillment. |
| 03/11/2025 | Date of restricted stock units vesting and tax obligation fulfillment. |
| 03/12/2025 | Date of Form 4 filing. |
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