Form 4: Cactus, Inc. President Joel Bender Reports Stock Transactions
SEC Form 4
President Joel Bender reports acquisition and disposal of Cactus, Inc. Class A Common Stock and Restricted Stock Units.
Summary
- On March 10, 2025, Joel Bender, President of Cactus, Inc., reported transactions involving Class A Common Stock and Restricted Stock Units.
- Bender acquired 7,637 shares of Class A Common Stock through the vesting of restricted stock units.
- He also disposed of 3,006 shares to cover tax obligations at a price of $45.24 per share.
- On March 11, 2025, Bender acquired 6,460 shares, then 8,286 shares of Class A Common Stock through vesting of restricted stock units.
- He disposed of 2,543 shares and 3,261 shares to cover tax obligations at a price of $46.47 per share.
- Bender was also granted 20,133 restricted stock units on March 10, 2025, vesting in three equal annual installments.
- Following these transactions, Bender directly owns 170,159 shares of Class A Common Stock and 44,342 Restricted Stock Units.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing of stock transactions by an insider. The granting of restricted stock units is a positive sign, but the disposal of shares to cover tax obligations is a normal occurrence.
Positives
- The granting of 20,133 restricted stock units to Joel Bender indicates continued investment in the company's leadership.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.
Stakeholder Impact
- Shareholders can monitor insider transactions to assess management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/10/2023 | Reporting person was granted 22,913 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 03/11/2022 | Reporting person was granted 19,380 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 03/11/2024 | Reporting person was granted 24,857 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 03/10/2025 | Earliest transaction date; Bender acquired and disposed of Class A Common Stock and was granted 20,133 restricted stock units. |
| 03/11/2025 | Bender acquired and disposed of Class A Common Stock. |
| 03/12/2025 | Date of signature for the Form 4 filing. |
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