Form 4: Cactus Inc. COO Steven Bender Reports Share Acquisition and Disposal

Steven Bender, COO of Cactus Inc., reports acquisition of 15,504 shares and disposal of 6,101 shares to cover tax obligations.

Summary

• On March 17, 2025, Steven Bender, the Chief Operating Officer of Cactus Inc., acquired 15,504 shares of Class A Common Stock.
• These shares were earned from performance share units granted in 2022 for the three-year performance period ending December 31, 2024.
• The acquisition was approved by the Compensation Committee of the Board of Directors.
• On the same day, Bender also disposed of 6,101 shares of Class A Common Stock at a price of $45 per share.
• This disposal was to satisfy tax withholding obligations upon the vesting of previously granted restricted stock units.
• Following these transactions, Bender beneficially owns 74,330 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard reporting of share transactions related to compensation.

Positives

• The acquisition of shares reflects positively on Bender's performance and the company's achievement of its performance goals.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in insider ownership.

Key Dates

Keywords

Form 4, Cactus Inc., WHD, Steven Bender, Chief Operating Officer, Share Acquisition, Share Disposal, Beneficial Ownership, Performance Share Units, Tax Withholding