Bender Joel 4

What Happened

• Joel Bender, a 10% owner of Cactus, Inc. (WHD), had previously granted restricted stock units (RSUs) vest and convert into common shares on March 10–11, 2026. Those conversions produced 22,634 underlying shares in total (7,638; 6,711; 8,285).
• To satisfy tax withholding on the vesting, the company withheld 8,908 of those shares (3,006; 2,641; 3,261) through share-for-tax withholding at prices around $48.56–$48.60, resulting in cash proceeds of approximately $432,799.
• Separately, on March 10, 2026, Bender was granted 27,218 new RSUs (no cash flow now); these RSUs vest in three equal annual installments beginning on the first anniversary of the grant.

Key Details

• Transaction dates: March 10, 2026 and March 11, 2026.
• Conversions (vested RSUs): 22,634 shares (7,638; 6,711; 8,285).
• Shares withheld for taxes (dispositions): 8,908 shares withheld, proceeds ≈ $432,799 (withholding prices ≈ $48.56–$48.60).
• New award: 27,218 RSUs granted on March 10, 2026 (vests in three equal annual installments; see footnote F3).
• Footnotes: RSUs convert 1-for-1 to Class A common stock upon vesting (F1). Withholdings reflect shares surrendered to cover tax obligations on vesting (F2). Prior RSU grants from 2023–2025 also follow similar three‑year vesting schedules (F4–F6).
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: no late‑filing flag noted in the provided information.

Context

• This activity is largely administrative: conversion of vested RSUs and standard share withholding to cover tax liabilities (a routine, non‑cashless sale). The new 27,218‑RSU grant is a forward-looking award that vests over time and does not represent an immediate purchase or sale. As a 10% owner (not a named executive in this summary), these transactions reflect equity compensation mechanics rather than an open‑market buy or sell signal.