Form 4: Patterson-UTI Energy Inc. Director Halverson Acquires Shares

Director Gary M. Halverson acquired 21,186 shares of Patterson-UTI Energy Inc. common stock on January 1, 2025.

Summary

• On January 1, 2025, Gary M. Halverson, a director of Patterson-UTI Energy Inc., acquired 21,186 shares of common stock.
• The acquisition was made at a price of $0 per share.
• Following the transaction, Halverson directly owns 167,971 shares of Patterson-UTI Energy Inc.
• The acquired shares are in the form of restricted stock units that convert into common stock on a one-for-one basis.
• These restricted stock units vest on January 1, 2026, with settlement generally deferred until the director's separation from service.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it simply reports a transaction. The acquisition of shares by a director is generally viewed as a positive sign, but without additional context, the sentiment remains moderately positive.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The restricted stock units vest on January 1, 2026, with settlement generally deferred until the director's separation from service.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their holdings of company stock.

Stakeholder Impact

• The acquisition of shares by a director could positively influence shareholder sentiment.

Key Dates