Form 4: Director Leslie Ann Beyer Acquires Shares in Patterson-UTI Energy Inc.

Director Leslie Ann Beyer acquired 21,186 shares of Patterson-UTI Energy Inc. common stock on January 1, 2025.

Summary

• On January 1, 2025, Leslie Ann Beyer, a director of Patterson-UTI Energy Inc., acquired 21,186 shares of common stock.
• The acquisition was made at a price of $0 per share.
• Following the transaction, Beyer directly owns 55,120 shares of Patterson-UTI Energy Inc.
• The transaction also involved restricted stock units that convert into common stock on a one-for-one basis, vesting on January 1, 2026, with settlement deferred until separation from service.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The director's increased stake could be seen as mildly positive, but it's not a significant event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The restricted stock units will vest on January 1, 2026, and convert into common stock upon the director's separation from service.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a director's increased stake in the company, which is common in the energy sector.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholders, as it signals confidence from a company director.

Key Dates