Form 4: Patterson-UTI CFO Executes Tax-Related Share Disposition

Patterson-UTI Energy CFO Charles Andrew Smith disposed of 11,943 shares to cover tax obligations related to restricted stock unit vesting.

Summary

• Charles Andrew Smith, EVP & CFO of Patterson-UTI Energy, disposed of 11,943 shares of common stock.
• The transaction occurred on May 5, 2026, at a price of $12.29 per share.
• The disposition was executed to satisfy tax withholding requirements associated with the vesting of restricted stock units.
• Following this transaction, the reporting person maintains a beneficial ownership of 726,455 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine administrative tax-withholding transaction by an executive.

Positives

• The transaction was a routine administrative action to satisfy tax obligations rather than a discretionary sale of equity.
• The reporting person retains a significant equity stake of 726,455 shares in the company.

Negatives

• The transaction results in a minor reduction in the direct share ownership of a key executive.

Risks

• None identified; this is a standard tax-withholding transaction.

Future Outlook

No forward-looking guidance provided in this filing.

Industry Context

StockSavvy.ai notes that this filing is a standard regulatory disclosure for executive compensation and does not reflect a change in corporate strategy or market outlook.

Comparison to Industry Standards

• The transaction follows standard industry practice for handling tax liabilities arising from equity-based compensation vesting.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a standard tax-related adjustment.

Next Steps

• None

Key Dates

Keywords

Patterson-UTI Energy, PTEN, Insider Trading, Form 4, Executive Compensation, Tax Withholding