Form 4: Cactus, Inc. Executive William D. Marsh Reports Changes in Beneficial Ownership
SEC Form 4 Filing
William D. Marsh, GC, EVP, and Secretary of Cactus, Inc., reports transactions involving Class A Common Stock and Restricted Stock Units.
Summary
- On March 10, 2025, William D. Marsh acquired 6,449 Class A Common Stock units and disposed of 2,539 units to cover tax obligations at a price of $45.24.
- He was also granted 8,053 Restricted Stock Units (RSUs) vesting in three equal annual installments starting March 10, 2026.
- Marsh also reports the vesting of 6,449 RSUs granted on March 10, 2023.
- On March 11, 2025, Marsh acquired 3,315 Class A Common Stock units and disposed of 1,305 units to cover tax obligations at a price of $46.47.
- He also reports the vesting of 3,315 RSUs granted on March 11, 2024.
- Following these transactions, Marsh directly owns 7,772 shares of Class A Common Stock and 26,600 Restricted Stock Units.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The filing reflects standard executive compensation practices and insider transactions, suggesting confidence in the company's future.
Positives
- The granting of 8,053 restricted stock units to William D. Marsh indicates a continued investment in his role within the company.
Future Outlook
The reporting person will continue to vest in previously granted restricted stock units in the future.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Executive compensation practices, including the use of restricted stock units, are common across the oil and gas industry.
- Companies like Schlumberger, Halliburton, and Baker Hughes also utilize RSUs as part of their executive compensation packages.
- The vesting schedules and amounts of RSUs granted to executives at Cactus, Inc. are likely benchmarked against peer companies to ensure competitive compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly diluting the stock as RSUs vest and shares are issued.
- Employees may view the granting of RSUs to executives as a positive sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 03/10/2023 | Reporting person was granted 19,349 restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date. |
| 03/11/2024 | Reporting person was granted 9,943 restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date. |
| 03/10/2025 | Date of earliest transaction; reporting person acquired and disposed of Class A Common Stock and was granted restricted stock units. |
| 03/11/2025 | Reporting person acquired and disposed of Class A Common Stock. |
| 03/12/2025 | Date of signature for the Form 4 filing. |
| 03/10/2026 | First vesting date for the 8,053 restricted stock units granted on March 10, 2025. |
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