Research Summary
AI-generated summary of this SEC filing
Cactus (WHD) Director Joseph Elkhoury Receives RSU Award
What Happened
Joseph Elkhoury, a director of Cactus, Inc. (WHD), was granted 1,291 restricted stock units (RSUs) on August 3, 2026. The grant is reported as an award/derivative (code A) with an acquisition price of $0.00 (RSUs are compensation, not a cash purchase). Each vested RSU will convert into one share of Class A common stock.
Key Details
- Transaction date: August 3, 2026; Form 4 filed August 5, 2026 (within the normal reporting window).
- Grant: 1,291 RSUs; reported price $0.00 because this is a compensatory award, not an open‑market purchase.
- Vesting: RSUs vest on the first anniversary of the grant (Aug 3, 2027) per the filing footnote.
- Shares owned after transaction: not specified in the provided filing details.
- Filing status / codes: Reported as an award/derivative (A). No indication of a 10b5‑1 plan, tax withholding event, or late filing in the data provided.
Context
RSU grants are a common form of executive/director compensation and do not represent an immediate cash investment or sale. Their eventual value depends on Cactus’s share price at vesting; upon vesting each RSU converts 1:1 into a share of Class A common stock (per the filing). This award should be viewed as compensation rather than a direct signal of buying or selling intent.