Form 4: Cactus, Inc. Executive Jay A. Nutt Reports Acquisition of Restricted Stock Units

Jay A. Nutt, EVP, CFO, and Treasurer of Cactus, Inc., reports the acquisition of 8,827 restricted stock units on June 3, 2024.

Summary

• On June 5, 2024, Jay A. Nutt, the EVP, CFO, and Treasurer of Cactus, Inc., filed a Form 4 with the SEC.
• The filing reports that on June 3, 2024, Mr. Nutt was granted 8,827 restricted stock units (RSUs).
• These RSUs represent a contingent right to receive Class A common stock of Cactus, Inc.
• The RSUs vest in three equal annual installments, starting on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to executive compensation, indicating a neutral sentiment.

Positives

• The grant of restricted stock units to a key executive like the CFO can be seen as a way to align their interests with the long-term performance of the company.

Future Outlook

The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.

Industry Context

Form 4 filings are a routine part of executive compensation and are common across publicly traded companies.

Stakeholder Impact

• The grant of RSUs could incentivize the executive to work towards increasing shareholder value.

Key Dates