Form 4: Patterson-UTI CFO Reports Equity and RSU Transactions

Patterson-UTI Energy CFO Charles Andrew Smith disclosed recent equity grants, tax-related share dispositions, and cash-settled RSU activity.

Summary

• CFO Charles Andrew Smith received a grant of 57,500 restricted stock units (RSUs) on April 30, 2026.
• 14,357 shares were withheld on May 1, 2026, to satisfy tax obligations related to RSU vesting.
• The CFO settled 24,033 cash-settled restricted stock units on May 1, 2026.
• Following these transactions, the CFO maintains a direct beneficial ownership of 738,398 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting standard executive compensation and tax-related transactions.

Positives

• The CFO continues to hold a significant equity stake of 738,398 shares, aligning interests with shareholders.
• The grant of 57,500 RSUs serves as a long-term retention incentive for the executive.

Negatives

• The transaction includes a disposition of shares to cover tax liabilities, which is a standard but routine reduction in holdings.

Risks

• The value of the equity holdings is subject to market volatility in the energy services sector.
• Future vesting of RSUs is contingent upon continued employment and performance conditions.

Future Outlook

The RSUs granted on April 30, 2026, vest in three equal annual installments on April 30, 2027, 2028, and 2029.

Industry Context

StockSavvy.ai notes that routine equity transactions by C-suite executives in the energy services sector are standard practice for compensation and tax management and do not typically signal a change in corporate strategy or outlook.

Comparison to Industry Standards

• The use of cash-settled RSUs and equity-based compensation is consistent with standard executive compensation packages at peer energy service companies like Helmerich & Payne or Nabors Industries.

Stakeholder Impact

• Minimal impact on shareholders as these are routine compensation-related transactions.

Next Steps

• Vesting of the first tranche of the new RSU grant on April 30, 2027.

Key Dates

Keywords

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