Matthew Gillard - Jan 2, 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
Stock symbol
PTEN
Transactions as of
Jan 2, 2024
Transactions value $
-$166,185
Form type
4
Date filed
3/4/2024, 05:43 PM
Previous filing
Sep 6, 2023
Next filing
May 13, 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 Options Exercise $0 +18.7K +28.72% $0.00 83.7K Jan 2, 2024 Direct F1
transaction PTEN Common Stock, $.01 par value per share Tax liability -$59.7K -5.52K -6.59% $10.83 78.2K Jan 2, 2024 Direct F2
transaction PTEN Common Stock, $.01 par value per share Options Exercise $0 +40.4K +51.65% $0.00 119K Jan 3, 2024 Direct F1
transaction PTEN Common Stock, $.01 par value per share Tax liability -$106K -9.84K -8.29% $10.82 109K Jan 3, 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 -18.7K -6.91% 252K Jan 2, 2024 Common Stock, $.01 par value per share 18.7K $0.00 Direct F3
transaction PTEN Restricted Stock Units Options Exercise -40.4K -16.05% 211K Jan 3, 2024 Common Stock, $.01 par value per share 40.4K $0.00 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.