Bender Steven 4

What Happened Steven Bender, Chief Operating Officer of Cactus, Inc. (WHD), was issued 27,496 shares on 2026-02-26 as the payout of performance share units (reported as acquisition code A). At the same time, 10,820 shares were withheld by the company to satisfy tax withholding obligations (code F) at $51.56 per share, totaling $557,879. This is a settlement/vesting of previously granted awards rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-26; Form filed 2026-03-02 (filed within the standard two-business-day window).
• Award (A): 27,496 shares issued as performance share unit payout (three-year performance period ending 12/31/2025).
• Tax withholding (F): 10,820 shares withheld at $51.56/share to satisfy tax obligations, value $557,879.
• Shares owned after the transaction: not disclosed in the provided filing details.
• Footnotes:
  • F1: Shares earned for PSU grant made in 2023 covering the three-year period ending 12/31/2025, approved based on audited 2025 financials.
  • F2: Shares withheld by the company to satisfy tax withholding on vesting of previously granted RSUs.
• Transaction codes: A = award/acquisition; F = tax withholding/payment of exercise price or tax liability.

Context This filing documents vesting and settlement of incentive awards, a routine corporate compensation event. The withheld shares are simply a tax-withholding mechanism (common practice) and should not be read as a discretionary sale by the executive. Purchases or open-market sales generally carry more informational weight about insider sentiment.