Form 4: Patterson-UTI Energy Director James Carl Stewart Sells 80,000 Shares

Director James Carl Stewart of Patterson-UTI Energy Inc. sold 80,000 shares of common stock at an average price of $7.36 on December 18, 2024.

Summary

• On December 18, 2024, James Carl Stewart, a director of Patterson-UTI Energy Inc. (PTEN), sold 80,000 shares of the company's common stock.
• The shares were sold at a weighted average price of $7.36, with individual transactions ranging from $7.24 to $7.56.
• Following the transaction, Stewart directly owns 32,438 shares and indirectly owns 1,277,254 shares through JCS Partners LP.
• The sale was reported on a Form 4 filing with the Securities and Exchange Commission (SEC).

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This transaction is a routine disclosure of insider trading activity. It's common for directors and officers to buy and sell shares of their company's stock, and these transactions are closely monitored by regulators and investors.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price in the short term.

Key Dates