Form 4: Cactus, Inc. Chairman and CEO Scott Bender Reports Changes in Beneficial Ownership

Scott Bender, Chairman and CEO of Cactus, Inc., reports acquisition of shares through performance share units and disposition of shares to cover tax obligations.

Summary

• On March 17, 2025, Scott Bender, Chairman and CEO of Cactus, Inc., acquired 38,760 shares of Class A Common Stock related to performance share units granted in 2022.
• These shares were earned for the three-year performance period ending December 31, 2024, as approved by the Compensation Committee.
• On the same day, Bender disposed of 15,253 shares of Class A Common Stock at a price of $45 to satisfy tax withholding obligations upon the vesting of restricted stock units.
• Following these transactions, Bender directly owns 79,008 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares due to performance targets being met is a positive sign, while the disposal for tax obligations is a normal occurrence.

Positives

• The acquisition of shares indicates that performance targets were met, reflecting positively on the company's performance during the three-year performance period ending December 31, 2024.

Negatives

• The disposal of shares to cover tax obligations, while standard practice, slightly reduces Bender's holdings in the company.

Industry Context

Form 4 filings are standard practice for company insiders and provide transparency into their transactions, allowing investors to track ownership changes.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider ownership.

Key Dates

Keywords

Beneficial Ownership, Form 4, Cactus, Inc., Scott Bender, WHD, Performance Share Units, Restricted Stock Units, Tax Withholding