Cactus Management

Management criteria checks 3/4

Cactus' CEO is Scott Bender, appointed in Jan 2011, has a tenure of 13.83 years. total yearly compensation is $2.87M, comprised of 15.4% salary and 84.6% bonuses, including company stock and options. directly owns 0.063% of the company’s shares, worth €3.09M. The average tenure of the management team and the board of directors is 1.3 years and 8.7 years respectively.

Key information

Scott Bender

Chief executive officer

US$2.9m

Total compensation

CEO salary percentage	15.4%
CEO tenure	13.8yrs
CEO ownership	0.06%
Management average tenure	1.3yrs
Board average tenure	8.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Scott Bender's remuneration changed compared to Cactus's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$188m
Jun 30 2024	n/a	n/a	US$190m
Mar 31 2024	n/a	n/a	US$165m
Dec 31 2023	US$3m	US$442k	US$169m
Sep 30 2023	n/a	n/a	US$151m
Jun 30 2023	n/a	n/a	US$130m
Mar 31 2023	n/a	n/a	US$132m
Dec 31 2022	US$3m	US$392k	US$110m
Sep 30 2022	n/a	n/a	US$94m
Jun 30 2022	n/a	n/a	US$75m
Mar 31 2022	n/a	n/a	US$59m
Dec 31 2021	US$2m	US$225k	US$50m
Sep 30 2021	n/a	n/a	US$38m
Jun 30 2021	n/a	n/a	US$31m
Mar 31 2021	n/a	n/a	US$27m
Dec 31 2020	US$2m	US$123k	US$34m
Sep 30 2020	n/a	n/a	US$49m
Jun 30 2020	n/a	n/a	US$62m
Mar 31 2020	n/a	n/a	US$78m
Dec 31 2019	US$2m	US$300k	US$86m
Sep 30 2019	n/a	n/a	US$84m
Jun 30 2019	n/a	n/a	US$84m
Mar 31 2019	n/a	n/a	US$75m
Dec 31 2018	US$2m	US$300k	US$52m
Sep 30 2018	n/a	n/a	US$101m
Jun 30 2018	n/a	n/a	US$83m
Mar 31 2018	n/a	n/a	US$70m
Dec 31 2017	US$585k	US$260k	US$67m

Compensation vs Market: Scott's total compensation ($USD2.87M) is about average for companies of similar size in the German market ($USD3.52M).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.

CEO

Scott Bender (70 yo)

13.8yrs

Tenure

US$2,871,666

Compensation

Mr. Scott J. Bender has been Chief Executive Officer and Director of Cactus, Inc. since 2011, serves as its Chairman of the Board since August 01, 2023 and served as its president since 2011 until August 0...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Scott Bender	CEO & Chairman of the Board	13.8yrs	US$2.87m	0.063% € 3.1m
Joel Bender	President & Director	1.3yrs	US$2.88m	0.23% € 11.6m
Steven Bender	Chief Operating Officer	1.3yrs	US$5.47m	0.086% € 4.3m
William Marsh	Executive VP	2.5yrs	US$2.01m	0.0028% € 137.8k
Stephen Tadlock	Executive VP & CEO of the Spoolable Pipe Segment	less than a year	US$5.91m	0.054% € 2.7m
Jay Nutt	CFO, Executive VP & Treasurer	less than a year	no data	no data
Dawn Smith	Vice President of Human Resources	1.3yrs	no data	no data
John Fitzgerald	Director of Corporate Development & Investor Relations	no data	no data	no data
Alan Boyd	Director of Corporate Development & Investor Relations	no data	no data	no data

1.3yrs

Average Tenure

61yo

Average Age

Experienced Management: 43C's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Scott Bender	CEO & Chairman of the Board	13.8yrs	US$2.87m	0.063% € 3.1m
Joel Bender	President & Director	13.8yrs	US$2.88m	0.23% € 11.6m
Michael McGovern	Independent Director	13.8yrs	US$186.76k	0.030% € 1.5m
Gary Rosenthal	Lead Independent Director	6.8yrs	US$181.76k	0.015% € 757.4k
Bruce Rothstein	Independent Director	no data	US$178.50k	0.015% € 754.0k
John O'Donnell	Independent Director	9.8yrs	US$186.76k	0.030% € 1.5m
Alan Semple	Independent Director	7.6yrs	US$191.76k	0.048% € 2.4m
Tymothi Tombar	Independent Director	3.3yrs	US$181.76k	0.030% € 1.5m
Melissa Law	Independent Director	4.8yrs	US$181.76k	0.013% € 625.6k

8.7yrs

Average Tenure

70yo

Average Age

Experienced Board: 43C's board of directors are considered experienced (8.7 years average tenure).

Cactus Management

Management criteria checks 3/4

Key information

Recent management updates

Insider recently sold €1.9m worth of stock

Insufficient new directors

Cactus, Inc. Announces Appointment of Jay Nutt as Executive Vice President and Treasurer

CEO & Chairman of the Board recently sold €29m worth of stock

Cactus, Inc., Annual General Meeting, May 14, 2024

Cactus, Inc. Announces Executive Changes

Recent updates

Insider recently sold €1.9m worth of stock

Third quarter dividend of US$0.13 announced

Third quarter 2024 earnings released: EPS: US$0.75 (vs US$0.81 in 3Q 2023)

Cactus, Inc. Approves Quarterly Cash Dividend, Payable on December 19, 2024

Cactus, Inc. to Report Q3, 2024 Results on Oct 30, 2024

Upcoming dividend of US$0.13 per share

Second quarter dividend of US$0.13 announced

Second quarter 2024 earnings released: EPS: US$0.75 (vs US$0.38 in 2Q 2023)

Insufficient new directors

Cactus, Inc. to Report Q2, 2024 Results on Jul 31, 2024

Investor sentiment improves as stock rises 18%

Now 20% undervalued

Now 23% undervalued

Investor sentiment improves as stock rises 16%

Cactus, Inc. Announces Appointment of Jay Nutt as Executive Vice President and Treasurer

Now 20% undervalued

Upcoming dividend of US$0.12 per share

CEO & Chairman of the Board recently sold €29m worth of stock

First quarter dividend of US$0.12 announced

First quarter 2024 earnings released: EPS: US$0.60 (vs US$0.67 in 1Q 2023)

Cactus, Inc. Approves Quarterly Cash Dividend on Class A Common Stock with Payment to Occur on June 13, 2024

Cactus, Inc. to Report Q1, 2024 Results on May 01, 2024

Cactus, Inc., Annual General Meeting, May 14, 2024

Cactus, Inc. Announces Executive Changes

CEO & Chairman of the Board recently sold €3.3m worth of stock

Full year 2023 earnings released: EPS: US$2.62 (vs US$1.83 in FY 2022)

Upcoming dividend of US$0.12 per share at 1.0% yield

Cactus, Inc. to Report Q4, 2023 Results on Feb 28, 2024

Third quarter dividend of US$0.12 announced

Cactus, Inc. Announces Quarterly Cash Dividend, Payable on March 14, 2024

New minor risk - Shareholder dilution

Upcoming dividend of US$0.12 per share at 1.1% yield

Cactus, Inc. Declares Quarterly Cash Dividend, Payable on December 14, 2023

Third quarter 2023 earnings released: EPS: US$0.81 (vs US$0.52 in 3Q 2022)

Cactus, Inc. Announces CFO Changes

Cactus, Inc. Announces the Appointment of Stephen Tadlock as the CEO of the Spoolable Technologies Segment

Cactus, Inc. to Report Q3, 2023 Results on Nov 08, 2023

President & Director recently sold €13m worth of stock

Executive VP & CFO recently sold €1.6m worth of stock

Cactus, Inc. Provides Revenue Guidance for the Third Quarter

Second quarter 2023 earnings released: EPS: US$0.38 (vs US$0.45 in 2Q 2022)

Cactus, Inc. to Report Q2, 2023 Results on Aug 07, 2023

Now 22% undervalued

New minor risk - Share price stability

Cactus, Inc. (NYSE:WHD) announces an Equity Buyback for $150 million worth of its shares.

Investor sentiment improves as stock rises 18%

Upcoming dividend of US$0.11 per share at 1.2% yield

Cactus, Inc. Approves A Quarterly Cash Dividend, Payable on June 15, 2023

First quarter 2023 earnings released: EPS: US$0.67 (vs US$0.35 in 1Q 2022)

Investor sentiment deteriorates as stock falls 15%

Insider recently sold €134k worth of stock

Full year 2022 earnings released: EPS: US$1.83 (vs US$0.90 in FY 2021)

Upcoming dividend of US$0.11 per share at 0.8% yield

Cactus, Inc. to Report Q4, 2022 Results on Feb 22, 2023

Insufficient new directors

Cactus, Inc. Announces Quarterly Cash Dividend, Payment to Occur on March 16, 2023

Cactus, Inc. entered into definitive agreement to acquire FlexSteel Pipeline Technologies, Inc. for $696.16 million.

Cactus, Inc. entered into definitive agreement to acquire FlexSteel Pipeline Technologies, Inc. for $696.16 million.

Upcoming dividend of US$0.11 per share

Third quarter 2022 earnings released: EPS: US$0.52 (vs US$0.22 in 3Q 2021)

Cactus, Inc. Approves Quarterly Cash Dividend on Class A Common Stock, Payable on December 15, 2022

Cactus, Inc. to Report Q3, 2022 Results on Nov 07, 2022

Upcoming dividend of US$0.11 per share

Second quarter 2022 earnings released: EPS: US$0.45 (vs US$0.19 in 2Q 2021)

Cactus, Inc. Approves Quarterly Cash Dividend, Payment to Occur on September 15, 2022

Investor sentiment improved over the past week

Cactus, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Investor sentiment deteriorated over the past week

President recently sold €28m worth of stock