Key facts
- This page summarizes Robert Wayne Drummond Jr.'s Form 4 filing for NEXTIER OILFIELD SOLUTIONS INC..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 01 Sep 2023, 16:28.
Robert Wayne Drummond Jr. - 01 Sep 2023 Form 4 Insider Report for NEXTIER OILFIELD SOLUTIONS INC.
- Reporting relationship
- President & CEO, Director
- Issuer ticker
- N/A
- Reported as of
- 01 Sep 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 01 Sep 2023, 16:28:26 UTC
- Prior SEC filing
- 05 Sep 2023
- Next SEC filing
- 15 Sep 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Kevin M. McDonald, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Robert Wayne Drummond Jr. filed Form 4 for NEXTIER OILFIELD SOLUTIONS INC. on 01 Sep 2023.
Change
- Previous filing in this sequence was filed on 05 Sep 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
NEX
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $0
- Shares
- -1,303,252
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 01 Sep 2023
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
NEX
transaction
Derivative
Restricted Stock Units
Disposed to Issuer
- Transaction value
- $0
- Shares
- +993,894
- Change %
- Price
- $0.000000*
- Shares after
- 0
- Date
- 01 Sep 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 993,894
- Exercise price
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Robert Wayne Drummond Jr. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 2 footnotes
Footnote F1
Pursuant to the Agreement and Plan of Merger, dated as of June 14, 2023 and amended as of July 27, 2023 (the "Merger Agreement"), by and among Patterson-UTI Energy, Inc. ("Patterson-UTI"), Pecos Merger Sub Inc., Pecos Second Merger Sub LLC and NexTier Oilfield Solutions, Inc., each share was cancelled and converted into the right to receive 0.7520 shares of Patterson-UTI common stock at the effective date of the mergers contemplated thereby (the "Effective Date").
Footnote F2
Pursuant to the Merger Agreement, each reported Restricted Stock Unit was converted, on the same terms and conditions as were applicable prior to execution of the Merger Agreement, into 0.7520 Restricted Stock Units with respect to Patterson-UTI common stock (rounded down to the nearest whole share in the aggregate) at the Effective Date.