Tadlock Stephen 4

What Happened
Stephen Tadlock, EVP/CEO Spool Tech/Cactus International, received a grant of 14,970 restricted stock units (RSUs) on March 10, 2026 and over March 10–11 converted/exercised vested derivative awards into common stock. The filing shows conversions of 7,978, 4,027 and 4,971 derivative shares (total 16,976) and the company withheld 3,140, 1,585 and 1,957 shares (total 6,682) to satisfy tax withholding obligations, with the withheld shares representing about $324,667 in value ($152,604; $77,031; $95,032).

Key Details

• Transaction dates/prices:
  • Mar 10, 2026: Grant of 14,970 RSUs (value $0 reported for grant entry; see footnotes for vesting schedule).
  • Mar 10, 2026: Converted/exercised 7,978 and 4,027 derivative shares (records show $0 for the derivative disposition entries).
  • Mar 11, 2026: Converted/exercised 4,971 derivative shares.
  • Tax-withholding share disposals (company withheld shares to cover taxes): 3,140 @ $48.60 ($152,604); 1,585 @ $48.60 ($77,031); 1,957 @ $48.56 ($95,032).
• Total withheld shares: 6,682; total withholding value: ~$324,667.
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Footnotes: F1–F6 explain these are restricted stock units that convert to one share per vested RSU; F2 confirms shares were withheld to satisfy tax obligations; F3–F6 list prior RSU grants (2023–2025) that vest in annual installments and likely supplied vested shares.
• Filing: Report filed Mar 12, 2026 for transactions through Mar 11, 2026 — appears timely (Form 4s are generally due within two business days).

Context
These entries reflect vesting/conversion of RSUs (derivative conversion, transaction code M) and the routine withholding of shares to cover tax obligations (transaction code F). This is not an open-market sale; withheld shares are a common cashless way to pay taxes when RSUs vest and do not by themselves indicate a change in insider sentiment.