Bender Joel 4

What Happened

• Joel Bender, a 10% owner of Cactus, Inc. (WHD), received 45,826 shares on Feb 26, 2026 as the vesting/settlement of performance share units. No per-share acquisition price applies to the award.
• On the same date, 18,033 shares were disposed/withheld to satisfy tax withholding obligations at $51.56 per share, totaling $929,781. After withholding, Bender effectively retained about 27,793 net shares from the grant.
• This activity reflects compensation vesting (award + tax withholding), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-02-26; Filing date: 2026-03-02 (filed within required timeframe — timely).
• Award: 45,826 shares (code A — grant/acquisition; price N/A).
• Tax withholding/disposal: 18,033 shares at $51.56 each, proceeds/withheld value ≈ $929,781 (code F — tax withholding).
• Net shares retained from this event: 45,826 − 18,033 = 27,793 shares.
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: F1 — shares earned from 2023 performance share units for the 3‑year period ending Dec 31, 2025, based on audited 2025 results; F2 — shares withheld by the company to satisfy tax withholding on vesting.
• Insider status: 10% owner (significant shareholder), not necessarily routine executive trading.

Context

• This was a compensation-related vesting event (performance shares settled) with a cashless share withholding to cover taxes — a common, administrative transaction. Such withholdings are routine and do not necessarily signal buying or selling intent.
• For retail investors, purchases are generally more informative than compensation-related awards; here the net effect increased Bender’s stake by the net retained shares, but the filing does not disclose total post-transaction holdings.