Form 4: Patterson-UTI Energy Inc. Director James Carl Stewart Sells Shares
SEC Form 4 Filing
Director James Carl Stewart sold shares of Patterson-UTI Energy Inc. on March 7, 2025.
Summary
- On March 7, 2025, James Carl Stewart, a director of Patterson-UTI Energy Inc., sold 48,149 shares of common stock at a weighted average price of $7.42 per share.
- Stewart also sold 192,000 shares at a weighted average price of $7.41 per share.
- Following these transactions, Stewart directly owns 85,475 shares and indirectly owns 1,005,254 shares through JCS Partners LP.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions without expressing any opinion on the company's performance or future prospects.
Industry Context
This filing reflects insider trading activity, which is closely monitored by investors as it can provide insights into management's perspective on the company's prospects. However, sales do not necessarily indicate a negative outlook, as insiders may sell shares for various personal financial reasons.
Stakeholder Impact
- Shareholders may interpret the insider sale as a signal, although it's important to consider the context and the individual's overall holdings.
Key Dates
| Date | Description |
|---|---|
| 09/06/2023 | Filing of limited power of attorney with the SEC |
| 03/07/2025 | Date of transaction: Sale of common stock |
| 03/11/2025 | Date of signature for the Form 4 filing |
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