Matthew Gillard - 02 Jan 2024 Form 4 Insider Report for PATTERSON UTI ENERGY INC (PTEN)

Role
President-Completions
Signature
By Forrest Robinson pursuant to a limited power of attorney filed with the SEC on 09/06/2023 /s/Forrest Robinson
Issuer symbol
PTEN
Transactions as of
02 Jan 2024
Net transactions value
-$166,185
Form type
4
Filing time
04 Mar 2024, 17:43:56 UTC
Previous filing
06 Sep 2023
Next filing
13 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTEN Common Stock, $.01 par value per share Options Exercise $0 +18,682 +29% $0.000000 83,740 02 Jan 2024 Direct F1
transaction PTEN Common Stock, $.01 par value per share Tax liability $59,727 -5,515 -6.6% $10.83 78,225 02 Jan 2024 Direct F2
transaction PTEN Common Stock, $.01 par value per share Options Exercise $0 +40,406 +52% $0.000000 118,631 03 Jan 2024 Direct F1
transaction PTEN Common Stock, $.01 par value per share Tax liability $106,458 -9,839 -8.3% $10.82 108,792 03 Jan 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PTEN Restricted Stock Units Options Exercise -18,682 -6.9% 251,788 02 Jan 2024 Common Stock, $.01 par value per share 18,682 $0.000000 Direct F3
transaction PTEN Restricted Stock Units Options Exercise -40,406 -16% 211,382 03 Jan 2024 Common Stock, $.01 par value per share 40,406 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares received upon vesting of Restricted Stock Units.
F2 Shares disposed to pay applicable withholding taxes on Restricted Stock Units converted into common stock.
F3 The Restricted Stock Units will vest in accordance with the following schedule: (i) 24,816 on August 16, 2024, (ii) 18,133 on January 2, 2025, (iii) 40,407 on January 3, 2025, (iv) 109,894 on December 31, 2025, and (v) 18,132 on January 2, 2026. Each Restricted Stock Unit represents the right to receive a share of the Issuer's common stock or a cash payment in lieu thereof.