Kenneth N. Berns - May 5, 2023 Form 4 Insider Report for PATTERSON UTI ENERGY INC (PTEN)

Role
Executive Vice President
Signature
By Barry Huntsman pursuant to a Limited Power of Attorney filed with the SEC on 3/29/2013 /s/ Barry Huntsman
Stock symbol
PTEN
Transactions as of
May 5, 2023
Transactions value $
-$1,463,693
Form type
4
Date filed
5/9/2023, 05:15 PM
Previous filing
May 1, 2023
Next filing
Apr 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTEN Common Stock, $.01 par value per share Award $0 +277K +43.79% $0.00 910K May 5, 2023 Direct F1
transaction PTEN Common Stock, $.01 par value per share Tax liability -$1.46M -137K -15.1% $10.65 773K May 5, 2023 Direct F2
transaction PTEN Common Stock, $.01 par value per share Award $0 +80.5K +10.42% $0.00 853K May 5, 2023 Direct F3
holding PTEN Common Stock, $.01 par value per share 34K May 5, 2023 By Trust(s) F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares received in settlement of the 2020 Performance Unit grant.
F2 Shares disposed of to pay applicable withholding taxes on shares received from the 2020 Performance Unit grant.
F3 Restricted stock units that convert into common stock on a one-for-one basis. One-third of the restricted stock units vests on each of May 5, 2024, May 5, 2025 and May 5, 2026.
F4 Held by trust(s) for which the reporting person is the trustee.