Cactus (NYSE: WHD) CFO exercises 2,942 RSUs, 864 shares withheld for taxes
Rhea-AI Filing Summary
Cactus, Inc. EVP and CFO Jay A. Nutt converted 2,942 restricted stock units into Class A common stock on June 3, 2026, at a conversion price of $0.00 per share. Restricted stock units represent a contingent right to receive Class A stock upon vesting.
On the same date, 864 shares of Class A common stock were withheld at $58.80 per share to satisfy tax withholding obligations related to the vesting. Following these transactions, Nutt directly holds 6,120 shares of Class A common stock and 42,267 restricted stock units, from an RSU grant of 8,827 units made on June 3, 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,078 shares
Net Buy
3 txns
Insider
Nutt Jay A.
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,942 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,942 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 864 | $58.80 | $51K |
Holdings After Transaction:
Restricted Stock Units — 42,267 shares (Direct);
Class A Common Stock — 6,120 shares (Direct)
Footnotes (3)
- 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 June 3, 2024, the reporting person was granted 8,827 restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date.
Key Figures
RSUs vested and converted: 2942.0000 units
Shares withheld for taxes: 864.0000 shares
Tax withholding price: $58.8000 per share
+3 more
6 metrics
RSUs vested and converted
2942.0000 units
Restricted stock units converted into Class A common stock on June 3, 2026
Shares withheld for taxes
864.0000 shares
Class A common stock withheld at $58.8000 per share for tax obligations
Tax withholding price
$58.8000 per share
Per-share price used for tax withholding on June 3, 2026
Post-transaction Class A holdings
6,120 shares
Directly held Class A common stock after the reported transactions
Remaining restricted stock units
42267.0000 units
Restricted stock units remaining after the June 3, 2026 vesting
Original RSU grant
8,827 units
Restricted stock units granted on June 3, 2024, vesting in three equal installments
Key Terms
Restricted stock units, tax withholding obligations, contingent right
3 terms
Restricted stock units financial
"Restricted stock units represent a contingent right to receive Class A common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares withheld by the Company to satisfy tax withholding obligations upon the vesting"
contingent right financial
"Restricted stock units represent a contingent right to receive Class A common stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Cactus (WHD) EVP and CFO Jay A. Nutt report?
Jay A. Nutt converted 2,942 restricted stock units into Class A common stock on June 3, 2026, and 864 shares were withheld at $58.80 per share to cover tax obligations associated with the RSU vesting.
What are Jay A. Nutt’s Cactus (WHD) holdings after these transactions?
After the reported transactions, Jay A. Nutt directly holds 6,120 shares of Cactus Class A common stock and 42,267 restricted stock units, representing contingent rights to receive additional Class A shares as those RSUs vest over time.
What RSU grant underlies the reported vesting for Cactus (WHD) EVP and CFO Jay A. Nutt?
Jay A. Nutt was granted 8,827 restricted stock units on June 3, 2024, scheduled to vest in three equal installments beginning on the first anniversary of the grant date, one installment of which is reflected in this Form 4.