Form 4: Cactus Inc. Executive William Marsh Reports Vesting and Tax-Related Sale of Shares

Cactus Inc.'s GC, EVP, and Secretary, William D. Marsh, reported the vesting of 5,470 restricted stock units and the subsequent sale of 2,154 shares to cover tax obligations, as detailed in a recent Form 4 filing.

Summary

• William D. Marsh, General Counsel, Executive Vice President, and Secretary of Cactus, Inc. (WHD), filed a Form 4 reporting changes in his beneficial ownership.
• On May 27, 2025, Mr. Marsh acquired 5,470 shares of Class A Common Stock upon the vesting of restricted stock units (RSUs).
• Concurrently, 2,154 shares of Class A Common Stock were disposed of by the company to satisfy tax withholding obligations related to the RSU vesting.
• The shares withheld for tax purposes were valued at $41.47 per share.
• Following these transactions, Mr. Marsh directly beneficially owns 21,260 shares of Class A Common Stock.
• He also directly beneficially owns 21,130 Restricted Stock Units.
• The vested RSUs were part of a grant of 16,408 restricted stock units made on May 24, 2022, which vest in three equal installments beginning on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: The document reports routine insider transactions related to executive compensation (RSU vesting and tax-related share disposition). There are no unexpected positive or negative financial implications for the company or its operations, making the sentiment neutral.

Positives

• The vesting of 5,470 restricted stock units indicates a component of executive compensation being realized, aligning management's interests with shareholder value over time.

Negatives

• A disposition of 2,154 shares occurred to cover tax withholding obligations, which reduces the executive's direct shareholding, although this is a common practice for RSU vesting.

Future Outlook

The document does not provide forward-looking statements or guidance beyond the details of the reported transactions and the vesting schedule of previously granted restricted stock units.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transactions, specifically related to executive compensation. It does not provide broader industry context or trends, as it focuses solely on an individual's stock ownership changes within Cactus, Inc.

Stakeholder Impact

• Shareholders: The transaction is a routine part of executive compensation and does not indicate a significant change in the company's financial health or strategic direction. It slightly reduces the direct ownership stake of a key executive, but this is offset by the executive realizing compensation.

Key Dates

Keywords

Cactus Inc., WHD, Form 4, Insider Transaction, Restricted Stock Units, Executive Compensation, Share Ownership, William D. Marsh