Tadlock Stephen 4

What Happened

• Stephen Tadlock, EVP and CEO of Spool Tech/Cactus International, received 27,496 shares on 2026-02-26 as the payout from performance share units (PSUs) granted in 2023 for the three-year period ending 12/31/2025. To satisfy tax withholding on the vesting, 10,820 shares were withheld/disposed at $51.56 per share, generating $557,879 reported as the proceeds for the withholding transaction. The primary event is an award/vesting (A); the withholding (F) is a routine tax-related disposition.

Key Details

• Transaction date: February 26, 2026. Form 4 filed March 2, 2026 (timely).
• Award: 27,496 shares issued (PSU payout for 2023–2025 performance; see footnote F1).
• Withholding/tax disposition: 10,820 shares withheld at $51.56, total reported value $557,879 (footnote F2 explains shares were withheld to satisfy tax obligations).
• Shares owned after the transaction: not specified in the supplied excerpt.
• Filing timeliness: Filed within standard Form 4 timing (no late filing flagged).

Context

• This was not an open-market purchase or sale by the insider; it reflects the vesting of performance-based equity and the company withholding shares to cover taxes (a common, administrative procedure). Such awards increase the insider’s equity stake but the withholding reduces the net shares delivered. This type of filing is routine and documents compensation realization rather than a discretionary buy/sell decision.