Form 4: Patterson-UTI Energy Executive Sells Shares

Patterson-UTI Energy's EVP & COO, James Michael Holcomb, reported a disposition of 12,395 common shares on May 9, 2026, to cover tax withholding obligations.

Summary

• James Michael Holcomb, Executive Vice President & Chief Operating Officer of Patterson-UTI Energy Inc., disposed of 12,395 shares of common stock on May 9, 2026.
• The transaction was executed at a price of $11.42 per share.
• These shares were disposed of to cover applicable withholding taxes related to the conversion of Restricted Stock Units into Common Stock.
• Following this transaction, Mr. Holcomb beneficially owns 571,523 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the stock disposition was a routine tax-related transaction tied to the vesting of equity awards, rather than a sale driven by negative company outlook.

Negatives

• Executive disposed of company stock, although this was for tax withholding purposes related to RSU conversion.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Industry Context

StockSavvy.ai notes that insider stock dispositions, particularly for tax withholding on equity awards, are common events for executives in the energy services sector as compensation vests. The price of $11.42 per share reflects the market value at the time of the RSU conversion.

Stakeholder Impact

• Shareholders: The disposition of shares by an executive is a routine event for tax purposes and is not indicative of a change in the executive's confidence in the company's future performance. The number of shares disposed of is a small fraction of the executive's total holdings.

Key Dates

Keywords

Patterson-UTI Energy, PTEN, Form 4, Insider Transaction, Stock Disposition, Restricted Stock Units, Withholding Taxes, Executive Compensation