Tadlock Stephen 4
4 · Cactus, Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Cactus (WHD) EVP Stephen Tadlock Receives RSU Award; Shares Withheld
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.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-03-10+7,978→ 79,752 total - Tax Payment
Class A Common Stock
[F2]2026-03-10$48.60/sh−3,140$152,604→ 76,612 total - Exercise/Conversion
Class A Common Stock
[F1]2026-03-10+4,027→ 80,639 total - Tax Payment
Class A Common Stock
[F2]2026-03-10$48.60/sh−1,585$77,031→ 79,054 total - Exercise/Conversion
Class A Common Stock
[F1]2026-03-11+4,971→ 84,025 total - Tax Payment
Class A Common Stock
[F2]2026-03-11$48.56/sh−1,957$95,032→ 82,068 total - Award
Restricted Stock Units
[F1][F3]2026-03-10+14,970→ 148,290 total→ Class A Common Stock (14,970 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-10−7,978→ 140,312 total→ Class A Common Stock (7,978 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-03-10−4,027→ 136,285 total→ Class A Common Stock (4,027 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-03-11−4,971→ 131,314 total→ Class A Common Stock (4,971 underlying)
Footnotes (6)
- [F1]Restricted stock units represent a contingent right to receive Class A common stock. Upon vesting, one share of Class A common stock will be delivered for each vested restricted stock unit.
- [F2]Represents shares withheld by the Company to satisfy tax withholding obligations upon the vesting of previously granted restricted stock units.
- [F3]On March 10, 2026, the reporting person was granted 14,970 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
- [F4]On March 10, 2023, the reporting person was granted 23,932 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
- [F5]On March 10, 2025, the reporting person was granted 12,080 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
- [F6]On March 11, 2024, the reporting person was granted 14,915 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.