Form 4: Patterson-UTI Energy EVP Holcomb Reports Stock and Unit Transactions

James Michael Holcomb, EVP & Chief Business Officer of Patterson-UTI Energy, reports acquisition of stock and restricted stock units, as well as disposal of shares to cover withholding taxes.

Summary

• James Michael Holcomb, an EVP & Chief Business Officer at Patterson-UTI Energy Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 1, 2025, Holcomb acquired 96,800 shares of common stock and 68,700 cash-settled restricted stock units.
• The restricted stock units convert into common stock on a one-for-one basis and vest in three equal installments on May 1, 2026, May 1, 2027, and May 1, 2028.
• Additionally, on May 5, 2025, Holcomb disposed of 9,741 shares at $6.03 per share to cover withholding taxes related to the conversion of restricted stock units.
• Following these transactions, Holcomb beneficially owns 564,919 shares of Patterson-UTI Energy Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.

Future Outlook

The restricted stock units vest in three equal installments on May 1, 2026, May 1, 2027, and May 1, 2028.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, common in publicly traded companies to ensure transparency and compliance with SEC regulations.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock, Restricted Stock Units, Patterson-UTI Energy, Holcomb, PTEN